Each week, XI Technologies scans its unique combination of enhanced industry data to provide trends and insights that have value for professionals doing business in the WCSB. If you’d like to receive our Wednesday Word to the Wise in your inbox, subscribe here. Earlier this year, we looked at the retirement obligations of the Western Canadian Sedimentary Basin for 2020. This week, we wanted to check in on how things are looking in 2021 by diving into the data compiled from January through [Read more]
Headlines
Cardinal Energy Ltd. honours the National Day for Truth and Reconciliation
CALGARY, Alberta - (TSX - CJ) Cardinal Energy Ltd. is proud of our relationships with various First Nations living in and around our areas of operation in Western Canada, and particularly in our core area of Slave Lake. Through our operations, we have been exposed to the challenges faced by individuals living in these remote areas and strongly believe that Cardinal, as a partner in resource development, has a role to play. Therefore we have decided that the most meaningful way to acknowledge and [Read more]
The rise of Indigenous resource interests – Pathway to success
As more Indigenous nations strive for economic development and the opportunity to manage the resources on their lands in an environmentally sound manner, discussions of the continued development of Canadian resources & oil and gas begin to be inclusive of Indigenous interests and environmental intentions. However, to understand Indigenous intentions and rights to manage their natural resources, industry and government need to understand the complex factors that affect the decisions being [Read more]
Private company looking for a suitable operating partner(s) in the development of two defined development opportunities
One shallow depth, ~1mmbbl medium gravity oil pool in Edmonton Region. The project includes land, productive discovery well with over a year of history, and associated single well battery and gas pipeline tie-in. Currently reviewing 2D seismic to finalize up to six vertical offset drilling locations. One Charlie Lake light sweet oil exploitation project in the Grande Prairie Region. Low well count, zero watercut, primary production, with waterflood and drilling upside. The ideal candidate [Read more]
Ovintiv rises on plans to repurchase 26 mln shares
U.S.-listed shares of oil and gas producer rise 2.6% to $33.78 premarket - on course to open at their highest since May 2019. OVV says the TSX has accepted a normal course issuer bid to buy about 26 million common shares during the 12-month period commencing Oct. 1. The number of shares authorized for purchase represents 10% of OVV's public float as of Sept. 20 - Ovintiv. OVV adds purchases will be made on the open market through the facilities of the TSX, NYSE, and/or alternative [Read more]
ROK Resources announces encouraging lithium results
REGINA, SK - ROK Resources Inc. ("ROK" or the "Company") (TSXV:ROK) is pleased to announce the completion of a multi-layer perforation and swab test of a vertical wellbore strategically located on one of Hub City Lithium Corp. ("Hub City Lithium") Subsurface Crown Mineral Dispositions located in Saskatchewan. Laboratory testing returned lithium concentrations in the Duperow formation up to 96.3 mg/l., which exceeded the Company's target of 74.6 mg/l. Results from the Test Well The target [Read more]
TransGlobe Energy Corporation operations update
AIM & TSX: “TGL” & NASDAQ: “TGA” This Announcement contains inside information as defined in Article 7 of the Market Abuse Regulation No. 596/2014 (“MAR”). Upon the publication of this Announcement, this inside information is now considered to be in the public domain. CALGARY, Alberta - TransGlobe Energy Corporation (“TransGlobe” or the “Company”) provides the following operations update. All dollar values are expressed in US dollars unless otherwise stated. COMPANY [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 Sep. 24 Operations Technician/Technologist Barrel Oil Corp Calgary Sep. 28 Abandonment & Reclamation ARO Advisor - Consultant West Lake Energy [Read more]
Ovintiv to increase shareholder returns through share buy-back program
DENVER - Ovintiv (NYSE: OVV) (TSX: OVV) today announced it is progressing its commitment to increase shareholder returns with the receipt of regulatory approvals for a share buy-back program. This action is consistent with the Company's capital allocation framework, which supports the goal of unlocking shareholder value by delivering on Ovintiv's strategic priorities of financial strength, increasing cash returns to shareholders, generating superior returns on capital investment, and driving ESG [Read more]
InPlay Oil Corp. announces accretive strategic Cardium acquisition, $10 million equity financing and increased senior credit facility
CALGARY, Alberta - InPlay Oil Corp. (TSX: IPO) (OTCQX: IPOOF) (“InPlay” or the “Company”) is pleased to announce that it has entered into a definitive agreement (the "Agreement") to acquire Prairie Storm Resources Corp. ("Prairie Storm") (TSXV: PSEC), a light-oil Cardium focused producer with operations primarily in the Willesden Green area of central Alberta (the "Prairie Storm Assets") for total net consideration of approximately $40.5 million(1) (the "Acquisition"). The highly accretive [Read more]