Calgary, Alberta - LEUCROTTA EXPLORATION INC. (TSXV: LXE) ("Leucrotta" or the "Company") is pleased to announce its financial and operating results for the three and six months ended June 30, 2021. All dollar figures are Canadian dollars unless otherwise noted. HIGHLIGHTS Increased adjusted funds flow (1) by 209% to $0.9 million in Q2 2021 from negative $0.8 million in Q2 2020. Closed the sale of certain natural gas assets located in Doe, BC for gross proceeds of $30.0 million [Read more]
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Altura Energy announces second quarter 2021 financial and operating results
CALGARY, AB - Altura Energy Inc. ("Altura" or the "Corporation") (TSXV: ATU) is pleased to announce its financial and operating results for the three and six months ended June 30, 2021. The unaudited interim condensed consolidated financial statements and related management's discussion and analysis ("MD&A") for the three and six months ended June 30, 2021 are available on SEDAR at www.sedar.com and on Altura's website at www.alturaenergy.ca. Selected financial and operating information for [Read more]
MEG Energy appoints Darlene Gates as Chief Operating Officer
CALGARY, AB - MEG Energy Corp. (TSX: MEG) ("MEG" or the "Company") is pleased to announce the appointment of Darlene Gates as the Company's Chief Operating Officer and Chi-Tak Yee in the new position of Chief Technology Officer commencing September 7, 2021. "We are thrilled to have Darlene join the MEG team. She is a leader who brings direct operational and leadership experience in the oil sands, a track record of leading technical teams and stakeholder relations, including Indigenous [Read more]
Oil retreats after two-day rally on supply issues
Oil prices fell on Wednesday, taking a breather after a strong rally this week spurred by the loss of a quarter of Mexico's production and signs that China, the world's biggest importer, has curbed a recent coronavirus outbreak. U.S. West Texas Intermediate (WTI) crude futures fell 10 cents, or 0.16%, to $67.52 a barrel. Brent crude futures dropped 5 cents, or 0.07%, to $71.12. Both benchmark contracts rose by about 8% over the previous two days, erasing most of the slump from a seven-day [Read more]
XI Technologies: the Problem with using spreadsheets for ARO management
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. Despite software solutions purpose-built for oil and gas companies to manage, track, and calculate ARO, many companies choose to manage their ARO programs using spreadsheets. At first glance, it’s easy to understand why. For many [Read more]
U.S. tells court it will take steps to restart oil, gas leasing
The Biden administration on Tuesday said it would take steps to restart the federal oil and gas leasing program in the next week and planned to hold a Gulf of Mexico auction later this year, according to court papers. The move comes two months after the administration first said it would comply with a federal judge's order blocking its months-long pause in oil and gas leasing on federal lands and waters. In a filing to a Louisiana federal district court, the administration said the [Read more]
Imperial to produce renewable diesel at Strathcona refinery
CALGARY, Alberta - Imperial (TSE:IMO, NYSE American:IMO) is moving forward with plans to construct a world-class renewable diesel complex at its Strathcona refinery near Edmonton, Alberta. This new complex is expected to produce more than 1 billion litres per year of renewable diesel from locally sourced and grown feedstocks. The project is expected to realize about 3 million tonnes per year in emissions reductions in the Canadian transportation sector. “Imperial is excited to announce our [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 Aug. 24 ACCOUNTS RECEIVABLE TEAM LEAD - (CAT) Trican Well Service Ltd. Calgary Aug. 24 Contract Analyst Brunel Calgary Aug. 23 Sour Gas Operators with Plant [Read more]
Oil rises as full U.S. clearance for COVID-19 vaccine stokes fuel demand hopes
Oil prices rose on Tuesday after the U.S. drug regulator granted full approval to the Pfizer Inc/BioNTech SE COVID-19 vaccine, stoking investor hopes that higher fuel demand would follow a potential step up in U.S. coronavirus vaccination rates. U.S. West Texas Intermediate (WTI) crude futures increased by $1.44, or 2.20%, to $66.92 a barrel. Brent crude oil futures gained $1.40, or 2.04%, to $70.18 a barrel. Both benchmarks jumped more than 5% on Monday, helped by a weaker U.S. dollar, [Read more]
Receivership sale: Strategic Oil & Gas Ltd.
On January 28, 2020, the Alberta Court of Queen’s Bench (the “Court”) made an order (the “Receivership Order”) appointing Alvarez & Marsal Canada Inc. ("A&M") as receiver and manager (“the Receiver”) over all of Strategic Oil & Gas Ltd.’s and Strategic Transmission Ltd.’s (together “Strategic” or the “Company”) current and future assets, undertakings and properties of every nature and kind whatsoever situated in the Northwest Territories, including all proceeds thereof and including, [Read more]