PNG Exchange New Properties Elcano Exploration Inc. – Ceylon Freehold Royalties Ltd. – Freehold 99 Year Lease Lands, Unleased SK Lands: Tilston, Torquay, Three Forks, Ratcliffe, Mississippian, Lodgepole, Frobisher, Alida, Bakken, Glauconite, Mannville, Shaunavon, Viking, Midale Revive Freehold – Frys, SK TORC Oil & Gas Ltd. – Rosevear, Kaybob Canadian Natural Resources Limited – Carnduff For property details or to list your property visit pngexchange.com PNG Exchange [Read more]
Headlines
Canada’s new pipeline parts rules to lessen burden on operators
Canada's energy regulator should shift the burden for ensuring quality of oil-and-gas pipeline parts more to manufacturers and away from operators, according to an official report viewed by Reuters. The National Energy Board (NEB) commissioned the report to improve the equality of pipeline parts after TransCanada Corp and Enbridge Inc discovered that some they were using had been substandard. Currently, operators often have to provide additional specifications for parts because standards [Read more]
Alberta energy regulator turns to Supreme Court on well abandonment ruling
CALGARY - Alberta's energy regulator has asked the Supreme Court of Canada to review a ruling that could allow energy companies to walk away from cleaning up abandoned oil wells and affect industrial sites across the country. In documents filed Tuesday, the regulator formally applied to the top court for leave to appeal the so-called Redwater decision. In May 2016, an Alberta Queen's Bench judge ruled in favour of the bankruptcy trustee of Redwater Energy Corp. The court ruled [Read more]
Collaboration between industry and government key to enhancing the competitiveness of Alberta’s oil and natural gas sector internationally: CAPP
CALGARY, ALBERTA--(Marketwired - July 5, 2017) - The provincial government and the energy industry could create more than 24,000 new jobs for Albertans and grow the province's economy by nearly $5 billion over the next three years by working together to enhance the competitiveness of Canada's leading trade sector, according to report, A Competitive Policy and Regulatory Framework for Alberta's Upstream Oil and Natural Gas Industry, by the Canadian Association of Petroleum Producers [Read more]
19th Annual Big Guns Stampede Breakfast Returns on July 11th
Over 18 Hours of Non-Stop Partying Big Guns Energy Services Inc. and our event sponsors are thrilled to be hosting the 19th annual Big Guns Stampede Breakfast in 2017. It will be the best one yet! Each year, all areas of the Energy Industry come to this grand event to celebrate. This year will be no different, only better! We would love for you to join us! When July 11, 2017 6:45 AM - 1 AM Where Cowboys Casino Legendary Tent 421 12 AVE SE, CALGARY, AB Click here to find [Read more]
GLJ Petroleum’s July 2017 Price Forecast
The biggest news in the energy industry over the past few months has revolved around the OPEC (and non-OPEC) production cuts. Whether the May 25th agreement to extend existing supply cuts into 2018 will impact the market on a macro scale is yet to be seen. Many analysts share the opinion that these cuts aren’t enough, but in a broad sense there probably hasn’t been enough time to tell if they will move the market in a meaningful way. The reality is that these market changes can’t be expected to [Read more]
Seven Generations on track to meet 2017 production guidance
CALGARY, ALBERTA--(Marketwired - July 5, 2017) - Seven Generations Energy Ltd.'s (TSX:VII) second quarter production averaged approximately 164,000 boe/d, while June's production is estimated to be approximately 179,000 boe/d, based on field estimates. 7G's production growth is on track to meet 2017 production guidance of 180,000 to 190,000 boe/d, which would constitute an increase of more than 50 percent from 2016. "We ended the first half with record production volumes, demonstrating the [Read more]
East Shale Basin Tactical Insights with Updated Land Sale Map
The East Shale Basin is HOT! More than half of the June 21st Alberta land sale bonus was paid for East Shale Basin acreage. Recent drilling activity, improving results and skyrocketing land prices of up to $5,000/ha are focussing attention on this emerging light oil play. With a number of important land sales and disposition packages on the horizon, parties interested in evaluating these opportunities will want to get up the learning curve fast. Canadian Discovery is leveraging its [Read more]
Fort McMurray wildfire raised fuel supply concerns in Ottawa: documents
CALGARY - Federal officials raised the possibility of relaxing competition and fuel quality rules to ensure a stable supply of fuel while the Fort McMurray wildfire raged and forced several northern Alberta oilsands projects to shut down. Documents obtained by The Canadian Press under the Access to Information Act highlight some of the options Ottawa was examining if shortages got bad enough during Canada's most expensive natural disaster, which drove more than 80,000 Fort McMurray [Read more]
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The BOE Report keeps you informed about the latest news from the oil and gas industry in North America. Apps Always on the go? We have you covered. Download our easy-to-use app on your Android of iOS device: Social Media Follow us on our social media accounts. Click on an icon below to throw us a like/follow/whatever! Daily Digest E-mail Sign up for the BOE Report's LEGENDARY daily digest e-mail; delivered to your inbox at 8 AM Mountain time, as well as breaking news alerts as soon as [Read more]