CALGARY, Alberta - James Estey, Chair of the Board of Directors of PrairieSky Royalty Ltd. (“PrairieSky”) (TSX: PSK) is pleased to announce the appointment of Ms. Leanne Bellegarde QC to PrairieSky’s Board of Directors. Ms. Bellegarde’s appointment is effective June 9, 2021. "On behalf of the Board, I am pleased to welcome Ms. Bellegarde as our newest independent director," said Mr. Estey. "Leanne is an experienced lawyer and business leader and is well known across the Canadian and [Read more]
Headlines
Heavy crude differential holds steady
Canadian heavy crude's discount to West Texas Intermediate (WTI) was steady on Tuesday. Western Canada Select (WCS) heavy blend crude for July delivery in Hardisty, Alberta, settled at $13.75 per barrel below the WTI benchmark, according to NE2 Canada Inc, the same as the previous day's settle. One industry source said refiners had been buying since the end of last week, helping support prices. Light synthetic crude from the oil sands for July delivery settled at $1.95 per barrel below [Read more]
Exxon’s board shakeup could force review of billions of dollars in spending
The recent overhaul of Exxon Mobil Corp's board of directors could shift billions of dollars in spending and strategy over several years, but any changes likely will take time, analysts and investors say. A quarter of directors last month lost their seats to outsiders, and the March appointment of activist Jeff Ubben puts a third of the 12-member board in new and more cost-conscious hands. Investors who rejected Exxon's view of a slow transition to lower-carbon fuels also want spending to be [Read more]
XI Technologies: Pembina/Cardium drilling overview
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. In March, we published an overview of the Pembina play focusing on ownership, production history, and liabilities in the northern part of the region. This week, we’ll leverage XI Technologies’ drilling data to give an overview of [Read more]
Oil rises for second day on signs of strong fuel demand recovery
Oil prices rose for a second day on Wednesday on signs of strong fuel demand in Europe, while the prospect of a near-term return of Iranian oil supply faded as the U.S. secretary of state said sanctions against Tehran were unlikely to be lifted. U.S. West Texas Intermediate (WTI) crude futures jumped 41 cents, or 0.58%, to $70.39 a barrel after rising to as high as $70.42, the most since Oct. 17, 2018. Prices climbed 1.2% on Tuesday. Brent crude futures were up 63 cents, or 0.87%, at $72.68 [Read more]
Force behind renaming and relocation of Encana set to retire in August
DENVER - The head of the energy company formerly called Encana is retiring this summer. Ovintiv Inc. says chief executive Doug Suttles will retire Aug. 1 after eight years in the position. He will be replaced by Brendan McCracken, who began his career with the company nearly 25 years ago. He served most recently as president. Ovintiv chairman Peter Dea says that under Suttles' leadership, Ovintiv was transformed into a leading North American resource play company. Dea adds that [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 Jun. 8 Branch Representative/Receptionist Roska DBO Peace River Jun. 8 Heavy Equipment Operator Certainty Pipeline Corp Calgary Jun. 8 Production Accounting [Read more]
Topaz Energy Corp. provides acquisition activity update and increased 2021 guidance which yields 78% EBITDA growth over 2020
CALGARY, AB - Topaz Energy Corp. (TSX: TPZ) ("Topaz" or the "Company") is pleased to provide an acquisition activity update and increased 2021 guidance estimates to incorporate the Clearwater and NEBC Montney acquisitions announced May 18, 2021. Acquisition Activity Update Reserve Royalty On May 31, 2021, Topaz completed its previously announced (May 3, 2021) acquisition from Reserve Royalty Income Trust ("Reserve Royalty") of its subsidiaries which hold all of the Reserve Royalty assets, [Read more]
Perisson announces an increase in its working interests for its twining property and completion of debenture financings
CALGARY, AB - Perisson Petroleum Corp. (the 'Company' or 'Perisson') (TSXV:POG) is pleased to announce that it has exercised several right of first refusal options (the 'ROFR Interest'), resulting from the sale of property in the area by a working interest partner. The closing of the sale is scheduled for later today, June 8, 2021. Based on Perisson's reserve report with an effective date of January 1, 2020, prepared by an independent reserve evaluator in accordance with the COGE Handbook, [Read more]
Vertex Resource Group Ltd. announces release of its 2020 ESG report
SHERWOOD PARK, AB - (TSXV: VTX) - Vertex Resource Group Ltd. ("Vertex" or the "Company") is pleased to announce the release of its inaugural ESG report, as part of its ongoing corporate commitment to sustainability. The ESG report details the Company's key metrics and achievements from 2018 to 2020 and outlines the foundation for our sustainability strategy and commitments for the future. A distinctive aspect of this report is the Company's commitment to both supply chain and internal [Read more]