Sayer Energy Advisors has been engaged to assist Jayhawk Resources Ltd. (“Jayhawk” or the “Company”) with a corporate sales process. The Company provides an attractive acquisition opportunity with existing low-decline, shallow natural gas production. Jayhawk currently has a high LLR rating, no debt, positive working capital and no severance obligations. Operated production from its main property in the Minnehik area of Alberta includes ownership in all associated facilities, which provides [Read more]
Headlines
This Modern Sour Gas Facility is Now Shut Down; Who else can employ this?
10MMSCFD Sour Gas Facility For Immediate Sale! Save Millions of Dollars and Months of Time by Installing this Facility - Shut down Only 2 weeks ago! Quick Points: Shut down August 2017 - All Gas has been diverted to a 3rd Party Processor The Most Modern Plant on the Market - 26 Million Dollars spent by PennWest in 2012 in upgrading and new construction Good Throughput Capacity with room for expansion Excellent Condition - Passed detailed mechanical & I/E [Read more]
France to ban oil, gas output on home soil in symbolic step
PARIS - France's government is unveiling a law to ban all production and exploration of oil and natural gas by 2040 on the country's mainland and overseas territories. The move is largely symbolic, however, as France's oil and gas production represents just 1 per cent of national consumption — the rest is imported. Current drilling permits will not be renewed, according to the draft bill obtained by The Associated Press. The bill is to be formally presented in a Cabinet meeting [Read more]
Minister Carr Reiterates Government’s Commitment to Pipeline Safety in Canada
VANCOUVER, Sept. 5, 2017 /CNW/ - A strong regulatory and safety regime for pipelines is vital to the public's confidence in pipeline projects and Canada's ability to sustainably move our energy resources to domestic and global markets. Canada's Minister of Natural Resources, the Honourable Jim Carr, said in Vancouver today that Canadians need to have confidence our natural resources, including oil and gas, are being developed and transported in a way that does not compromise the safety and [Read more]
Shell opens first service station in major Mexican expansion plan
HOUSTON, Sept. 5, 2017 /CNW/ -- Shell today opened its first service station in Mexico, with more sites due to start providing Mexican motorists with high-quality Shell fuels and retail services over the next few months. Over the next 10 years, if market conditions continue to develop at their current rates, Shell plans to invest around $1 billion in Mexico. These investments will be channeled into expanding and improving the retail network, improving fuel logistics [Read more]
New Oil and Gas Jobs From BOE Report Jobs
Here are the latest oil and gas job postings courtesy BOE Report Jobs. To search and filter all the latest jobs, visit the BOE Report job board. All job listings are free to post for companies. Sign up to create an account to post jobs; it’s simple and easy to use. Sep. 2 Service Writer (Coiled Tubing Services) STEP Energy Services Blackfalds Sep. 2 Electronics Technician (Coiled Tubing) STEP Energy Services Blackfalds Sep. 2 Field Maintenance Technician (Coiled Tubing [Read more]
Receivership Sale: Lexin Resources Ltd. and affiliated entities
Sayer Energy Advisors has been engaged to assist Grant Thornton Limited, in its capacity as court-appointed receiver (the “Receiver”) of Lexin Resources Ltd., 0989 Resource Partnership, 1051393 BC Ltd., LR Processing Ltd. and the LR Processing Partnership (collectively the “Lexin Group” or “Lexin”) with the sale of the oil and natural gas properties held by the Lexin Group (the “Properties”). The Properties include approximately 1,380 Lexin-licensed wells, 81 Lexin-licensed facilities, 236 [Read more]
Canadian Natural Resources Limited Announces Pelican Lake and Other Asset Acquisition
CALGARY, ALBERTA--(Marketwired - Sept. 5, 2017) - Canadian Natural Resources Limited (TSX:CNQ)(NYSE:CNQ) ("Canadian Natural" or the "Company") announces that is has entered into an agreement to acquire assets in the Greater Pelican Lake region and other miscellaneous assets in northern Alberta with production of approximately 19,600 BOE/d, for gross cash consideration of $975 million. The transaction is targeted to close on or before September 30, 2017, subject to normal closing conditions [Read more]
Financial models are sometimes the dumbest models
Out there in the cloud, somewhere in the e-bowels of an upstanding company’s financial reporting cesspool, is a curious commentary about future decommissioning liabilities. Under a "Provisions" subsection, this pipeline company’s annual report discloses that a provision for future liabilities must be recognized when, among other things, “the obligation can be reliably estimated.” That is the standard as set down by auditors, and the section drones about the process until the punch line where it [Read more]
Strategic Oil & Gas Announces Management Changes
CALGARY, ALBERTA--(Marketwired - Sept. 5, 2017) - Strategic Oil & Gas Ltd. (TSX VENTURE:SOG) ("Strategic" or the "Company") announces that President and CEO Gurpreet Sawhney has resigned to pursue other opportunities. Current COO Cody Smith has been appointed as interim CEO. Tom Claugus, Chairman of the Board, said, "The board wishes to thank Gurpreet for his efforts over his tenure with the Company and wishes him well in his future endeavors. Under his watch the Company has made [Read more]