PrairieSky Royalty has identified over 40 potential horizontal locations targeting Rex-aged Upper Mannville sands in the Westerose area of Central Alberta. Prospective lands are analogous to recent horizontal activity targeting the Rex in the Wizard Lake and Leduc-Woodbend fields. 29° API oil has been produced from the Rex in the Westerose area, as noted in tour reports and pool data for the 102/16-32-044-03W5 horizonal well. 2D Seismic data is also available for viewing over high-graded [Read more]
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Producing Alberta mineral interests for sale
The Estate of Margaret Brassington (deceased) is offering for sale two quarter sections of freehold mineral interests, each of which is producing crude oil and generating royalties. These interests comprise: All mines and minerals except coal within, upon or under the Southwest Quarter of Section 5-49-1 W4M comprising 64.3 hectares (160 acres); and All mines and minerals except coal within, upon or under the Northeast Quarter of Section 19-49-1 W4M excepting thereout any of the waters [Read more]
Sproule releases 2020 report on Best Practices for Reserves Reporting of Abandonment, Decommissioning and Reclamation Costs in Canada
Sproule releases a special report on Best Practices for Reserves Reporting of Abandonment, Decommissioning and Reclamation Costs in Canada. This report outlines the recent changes to the Canadian Oil & Gas Evaluation Handbook (COGEH) with respect to the inclusion of Abandonment, Decommissioning and Reclamation Costs (ADR) in a reserves report and provides insight into how Sproule’s evaluators will follow the guidance on a go-forward basis. For more information or to download the report, [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. Posting Date Job Title Company Location Jan. 21 FIELD SALES, PIPELINE & INDUSTRIAL SERVICES Trican Well Service Ltd. Calgary Jan. 20 Class 1 & 3 Drivers Vertex Fort McMurray Jan. 20 Capacity [Read more]
Pine Cliff Energy Ltd. Provides Operational Update
Calgary, Alberta - Pine Cliff Energy Ltd. (TSX: PNE) ("Pine Cliff", or the "Company") is pleased to provide an update on its Pekisko development program which continues to demonstrate encouraging results. Pekisko Development Program Update Pine Cliff's first horizontal oil well ("13-33") targeting the Pekisko formation in Central Alberta came on production on January 18, 2019, and has averaged 249 Boe/d (111 Bbl/d oil, 27 Bbl/d natural gas liquids and 666 Mcf/d natural gas) through the [Read more]
Indigenous LNG supporters chide human rights advocates over pipeline comments
BURNS LAKE, B.C. - A collective of First Nations who support the liquefied natural gas industry in British Columbia say human rights advocates failed to do their research when they called for a pipeline project to be halted. The First Nations LNG Alliance has issued open letters to the B.C. human rights commissioner and the United Nations Committee to End Racial Discrimination over statements they made about the Coastal GasLink project. They called for the project to be stopped in the face [Read more]
Obsidian Energy Provides Year-end 2019 Production and Reconfirmation of Existing Credit Facility
CALGARY, Jan. 21, 2020 /PRNewswire/ - OBSIDIAN ENERGY LTD. (TSX – OBE, NYSE – OBE.BC) ("Obsidian Energy", the "Company", "we", "us" or "our") is pleased to announce its year-end 2019 production numbers as well as the reconfirmation of its existing credit facility. Full Year 2019 Production Full year 2019 production was 26,900 boe/d, within our recent full year guidance range of 26,750 to 27,250 boe/d. Additionally, production in the fourth quarter of 2019 was approximately 26,600 boe/d, [Read more]
Teck oil sands project splits Canada’s indigenous people, poses challenge for Trudeau
A proposed Canadian oil sands mine has split the country's indigenous people, compounding the challenges facing Prime Minister Justin Trudeau's government as it decides whether to approve the project. Teck Resources Ltd would build the C$20.6 billion ($15.76 billion) Frontier mine 110 kilometres (68 miles) north of Fort McMurray, Alberta, capable of eventually producing 260,000 barrels of crude oil per day. The mine, which would be one of the largest in Alberta's oil sands, requires federal [Read more]
Regina police arrest 14 union members during Co-op labour dispute
Regina's police chief says the city is being held "hostage" by a labour dispute between the Co-op Refinery and the union representing 700 of its workers. Evan Bray says officers arrested and charged 14 people with mischief yesterday after access was blocked to the plant. Unifor had announced it was going to prevent fuel trucks from leaving in an effort to shut down the facility. The union's national president, Jerry Dias, was among those arrested. Workers were locked out in early [Read more]
U.S. natgas futures drop to 3-year lows on milder weather forecasts
U.S. natural gas futures fell to a fresh three-year low below $2 on Tuesday on forecasts for milder winter weather through early February than previously expected. Low gas prices are a boon to consumers who pay less to heat homes and businesses, but are painful for energy companies - like EQT Corp , the nation's biggest gas producer - forced to cut costs and reduce drilling activity to the lowest level in years. Front-month gas futures for February delivery on the New York Mercantile [Read more]