CALGARY, Jan. 13, 2020 /CNW/ - Corridor Resources Inc. ("Corridor" or the "Company") (CDH: TSX) is pleased to announce it has entered into a definitive investment agreement (the "Investment Agreement") with Neil Roszell, Jason Jaskela, Ali Horvath, Jonathan Grimwood and Terry Danku (the "Initial Investors") which provides for: (i) a non-brokered private placement of units of Corridor (the "Units") for gross proceeds of $20.0 million (the "Non-Brokered Private Placement"); (ii) a brokered private [Read more]
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Katalyst Data Management Partners with IHS Markit to Add AccuMap Data to SeismicZone.com
Agreement adds over 4 million kilometers of AccuMap seismic to SeismicZone e-brokerage CALGARY – Katalyst Data Management announced today that they have entered into a commercial agreement with IHS Markit to display seismic data from AccuMap on Katalyst’s SeismicZone.com website. The partnership will bring over 60 years’ worth of seismic data available for license to the public website. SeismicZone.com visitors now have access to over 4.7 million linear kilometers of 2D and 440,000 square [Read more]
Innovative Casing Flotation Device Adds Recoverable Gas Value in Appalachian Basin Well
Casing Flotation Device Adds $120,000 in Gas Recovery For oil and gas operators today, remaining competitive means drilling longer laterals with less downtime, while creating the best possible balance of cost efficiencies. Casing flotation devices can help operators achieve these goals as they are engineered to reduce costs and increase efficiencies by ensuring casing reaches the bottom. In the Appalachian Basin, Northeast Natural Energy (NNE) was challenged to land 17,000 feet of casing [Read more]
Canada weekly rig count jumps up 118 to 203
Canada’s fleet of active drilling rigs grew from 85 to 203 since last week according to data from Baker Hughes. Total drilling count was 203 at January 10. 120 rigs were drilling for oil; 83 for natural gas. The drilling activity in Alberta rose to 133 from 64 last week. Saskatchewan’s drilling jumped from 8 to 50 rigs. View a full breakdown of Western Canada’s rig activity. [Read more]
U.S. drillers cut oil rigs for third week in a row
U.S. energy firms reduced the number of oil rigs operating for a third week in a row as producers follow through on plans to slash spending on new drilling for a second year in a row in 2020. Drillers cut 11 oil rigs in the week to Jan. 10 in the biggest decline since October, bringing the total count down to 659, the lowest since March 2017, energy services firm Baker Hughes Co said in its closely followed report on Friday. In the same week a year ago, there were 873 active rigs. In [Read more]
Pembina Pipeline Corporation Announces Closing of $1 Billion Public Note Offering
CALGARY - Pembina Pipeline Corporation ("Pembina" or the "Company") (TSX: PPL; NYSE: PBA) is pleased to announce that it has closed its previously announced offering of $1 billion of senior unsecured medium-term notes (the "Offering"). The Offering was conducted in three tranches consisting of $250 million principal amount issued through a re-opening of the Company's 4.02% medium-term notes, series 10, due March 27, 2028 (the "Series 10 Notes"); $500 million principal amount issued through a [Read more]
Oil prices fall further as threat of Middle East war recedes
Oil prices dropped on Friday extending days of losses as the threat of war in the Middle East receded and investors switched attention to economic growth prospects and the rise in U.S. crude oil and product inventories. WTI was down 50 cents, or 0.82%, at $59.06 and also on track for a first weekly drop in six, nearly 6% from last Friday's close based on the latest prices. Brent crude fell 33 cents, or 0.3%, at $65.04 by 0240 GMT, and is heading for its first decline in six weeks, down [Read more]
U.S. natgas futures rise 2% on forecasts for colder weather, more heating demand
U.S. natural gas futures on Friday rose 2% on forecasts for much more cold weather and heating demand later in January than previously expected. Meteorologists projected the weather in the U.S. Lower 48 states will turn from warmer than normal now to mostly colder than normal from Jan. 16-25. That outlook is much cooler than Thursday's forecast. Front-month gas futures for February delivery on the New York Mercantile Exchange were up 4.3 cents, or 2.0%, to $2.209 per million British [Read more]
Underwater Assets – Seeking to Purchase High Quality Water Well Drilling Equipment
Alberta Water Well Drilling Activity from 2012 - 2019 Connate Water Solutions LLC is seeking to purchase the following used, high quality water well drilling equipment in Western Canada (Alberta, BC or Saskatchewan). Ingersoll-Rand/Atlas Copco TH-60 Water Well Drilling Rigs with Air Packages Atlas Copco T3W Water Well Drilling Rigs Field Water Testing and Flowmeter Equipment Submersible Pumps (3 – 10 HP) Water Trucks Grouters Pickers Mobile Geo Trailers Flat [Read more]
Natural Gas World Presents: Canadian Gas Dialogues 2020
Natural Gas World presents Canadian Gas Dialogues 2020 with the support of the Canadian Gas Association (CGA), Canadian Association of Petroleum Producers (CAPP) and the Canadian Energy Pipeline Association (CEPA), sponsored by Enbridge Inc. and with the BOE Report as its main Media Partner. The Canadian Gas Dialogues conference is designed to bring together the spectrum of stakeholders in the natural gas community for the exchange and sharing of insight and viewpoints on how we can [Read more]