CALGARY - Oilsands producers could face steep fines and suspended projects if industry comes close to hitting a mandated 100-megatonne limit under recommendations proposed by Alberta's Oil Sands Advisory Group. But the non-binding report sets out a series of policies options to help avoid reaching that point, including requiring the use of better technology, setting out emissions management plans and costs, and improved regulations. Advisory group co-chair Dave Collyer said the [Read more]
Headlines
Canada Weekly Rig Count Up 20% to 159
Western Canada’s fleet of drilling rigs have risen again this week to 159 actively drilling rigs according to data collected by Baker Hughes for the week of June 16. Drilling activity has increased the last month, and is still very active in comparison to last year’s count. From one week ago, Alberta rig counts rose from 78 to 88, Saskatchewan added rigs once more for the fifth straight week – current count at 43 which is up 30 from last week. Oil drilling rose to 91 rigs from 74; gas [Read more]
US rig count rises this week 6 to 933
HOUSTON - The number of rigs exploring for oil and natural gas in the U.S. rose by six this week to 933. A year ago, just 424 rigs were active. Houston oilfield services company Baker Hughes said Friday that 747 rigs sought oil and 186 explored for natural gas this week. Among major oil- and gas-producing states, North Dakota added three rigs while Alaska, Colorado and New Mexico gained two rigs each. California and Louisiana increased by one apiece. Oklahoma [Read more]
Westcore Energy Ltd. Provides Drilling Update at Flaxcombe
SASKATOON, SASKATCHEWAN--(Marketwired - June 16, 2017) - Westcore Energy Ltd. ("Westcore" or the "Company") (TSX VENTURE:WTR) announces that it has completed the initial drilling operations on its three well program at Flaxcombe, along with its partner Eros Resources Corp. The three well program commenced on June 1, 2017 and drilling was completed on June 14, 2017. The program was designed based on the re-interpretation of a 3D seismic survey that Westcore acquired with the property. All [Read more]
Eagle Energy Inc.: Institutional Shareholder Services Confirms the Need for Change
Calgary, Alberta--(Newsfile Corp. - June 15, 2017) - Daniel Gundersen and Kingsway Financial Services Inc. (together, the "Concerned Shareholders") of Eagle Energy Inc. (TSX: EGL) reacted positively to the Institutional Shareholder Services Inc. ("ISS") research report (the "Report") that was released yesterday. ISS is a leading proxy advisory firm and their independent analyses are relied upon by many institutional investment firms, mutual funds, and other fiduciaries. ISS confirmed the [Read more]
Husky Energy hired Natural Resource Minister Jim Carr’s former chief of staff
OTTAWA - A Calgary-based energy company has hired the former chief of staff to Natural Resources Minister Jim Carr. Janet Annesley, who left Parliament Hill early last month, is now the senior vice-president of corporate affairs at Husky Energy, just over a year after she was last lobbied by one of its subsidiaries. The Conflict of Interest Act prevents an ex-staffer at Annesley's level — referred to as a former reporting public officer holder — from working for a company with [Read more]
Ridgeback Resources Announces Changes to Senior Leadership Team
CALGARY, ALBERTA--(Marketwired - June 15, 2017) - Ridgeback Resources Inc. ("Ridgeback" or the "Company") (www.ridgeback.com), a private oil and gas exploration and production company focused on light oil development in the Bakken and Cardium resource plays, today announced a series of management changes effective immediately. J. Paul Charron will join the Board of Directors of Ridgeback in the role of Executive Chairman and will be CEO of the Company. In addition, David Broshko and Paul Masse [Read more]
Strategic Oil & Gas Ltd. Commences Summer Drilling Program
CALGARY, ALBERTA--(Marketwired - June 15, 2017) - Strategic Oil & Gas Ltd. ("Strategic" or the "Company") (TSX VENTURE:SOG) announces the commencement of its summer drilling program planned for the third quarter of 2017. Building on the Company's success in the first half of 2017, Strategic has commenced a summer program to drill and complete up to four new Muskeg horizontal wells. In addition, Strategic plans to evaluate a second prospective formation in the Company's multi-zone light oil [Read more]
Eagle Energy Inc. Announces Independent Advisory Firm Recommendation Supporting a Vote on Eagle’s YELLOW Proxy and Additional Cost Reduction Initiatives
CALGARY, June 15, 2017 /CNW/ - (TSX:EGL): Eagle Energy Inc. ("Eagle") announces Institutional Shareholder Services Inc. ("ISS") recommendations for voting and additional cost reduction initiatives. ISS Recommends Yellow Proxy ISS, a leading independent advisor to institutional investors on corporate governance and proxy voting analysis, has recommended that shareholders vote using only Eagle's YELLOW proxy for the majority of Eagle's current directors and DO NOT VOTE the dissidents' [Read more]
Canadian Discovery Provides Independent Analysis of Geology, Hydrodynamics, Temperature, Fluids, Completions Technology, Productivity and Economics for the Duvernay East Shale Basin Play
The East Shale Basin is HOT! 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 extensive knowledge and expertise on the Duvernay to provide ready-to-use insights on the East Shale Basin [Read more]