Cor4 Oil Corp. (“Cor4” or the “Company”) has engaged Sayer Energy Advisors to assist with the sale of certain long-life, shallow natural gas assets located in southern Alberta (the “Properties”). The Properties consist of both operated and non-operated interests located in the Jenner, Dinosaur/Patricia, Cessford and Medicine Hat areas, as well as certain miscellaneous interests grouped in a package named Southern Alberta Minors. Cor4’s net sales production from the Properties for July 2020 [Read more]
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PNG Consultants Ltd. announces new appointments and participation in Saskatchewan’s ASCP Program
PNG Consultants Ltd., a 100% Saskatchewan owned and operated energy consulting firm welcomes Mr. Wayne Fast, P. Eng. and Mr. David Rose, P. Geol. to its team of energy consulting professionals. Wayne is responsible for all operations advisory services including workovers, facilities, production optimization and abandonments and may be contacted at waynef@pngco.ca. David is responsible for providing geotechnical exploration, development, A&D reserves advisory services and may be contacted at [Read more]
Buying Oil and Gas properties? Let us help with the due diligence
Buying oil and gas producing properties today is not just about evaluating the production, reserves and cashflow, its really about understanding the asset’s level of compliance and integrity. We can provide a detailed compliance report outlining the level of compliance, risks and costs for each asset. This will give you, the buyer, a better understanding on valuation. Buyer beware is how purchase and sale agreements are written, that’s where we can help. During the last five years, [Read more]
Keyera announces start up of Pipestone Gas Plant
CALGARY, AB - Keyera Corp. (TSX: KEY) ("Keyera") today announced the start up of the Pipestone gas plant ("Pipestone"), five months ahead of its original schedule and at budgeted costs. Pipestone is a natural gas processing and liquids stabilization plant developed in a joint effort with Ovintiv Inc. to support their condensate focused Pipestone Montney development. The gas plant is located west of Grande Prairie and includes a total of 200 million cubic feet per day of gas [Read more]
Delphi Energy Corp. announces extension of stay period
CALGARY, Alberta - Delphi Energy Corp. (“Delphi” or the “Company”) announces that it has obtained an order from the Court of Queen’s Bench of Alberta (the “Court”) granted in Delphi’s proceedings under the Companies’ Creditors Arrangement Act (the “CCAA”) extending the stay period to October 30, 2020. Additional Information Delphi and certain of its subsidiaries were granted an initial order and protection under the CCAA on April 14, 2020. PricewaterhouseCoopers Inc. has been appointed by the [Read more]
Heavy discount narrows on tight inventories, steady refining demand
Canadian heavy crude's discount versus West Texas Intermediate (WTI) narrowed on Friday as supplies remained tight and refining demand improved. Western Canada Select (WCS) heavy blend crude for November delivery in Hardisty, Alberta, traded at $9.10 per barrel below WTI, according to NE2 Canada Inc. It settled on Thursday at $9.75 under. Refining utilization in the Western Canadian region averaged 79% in the third quarter of 2020, below a 3-year average of 93%, but trending up through the [Read more]
Canada’s weekly rig count up 11
Canada’s fleet of active drilling rigs is up 11 this week to 84 according to data from the Canadian Association of Oilwell Drilling Contractors. There are 84 total active drilling rigs, 40 are drilling for natural gas, 39 for oil, and 1 for potash. Drilling activity by province is 51 in Alberta, 17 in Saskatchewan, 15 in British Columbia, and 1 in Manitoba. Precision Drilling holds the majority of the Canadian market share with 36 per cent, Ensign Drilling with 22 per cent, Horizon [Read more]
U.S. drillers add oil and gas rigs for fourth week in a row
U.S. energy firms this week added oil and natural gas rigs for a fourth week in a row for the first time since June 2018 as producers start drilling again with prices holding around $40 a barrel over the past few months. The oil and gas rig count, an early indicator of future output, rose three to 269 in the week to Oct. 9, energy services firm Baker Hughes Co said in its closely followed report on Friday. The total rig count fell to a record low of 244 rigs during the week ended Aug. 14, [Read more]
WATCH: Canadian Gas Dialogues 2020 – First Nations: Economic reconciliation
Anne Harding, of Forum Community Relations, moderated what turned out to be a fascinating Canadian Gas Dialogues discussion on Oct. 8 surrounding the issues facing First Nations and other indigenous communities as they interact with western Canadian energy developments. Join Chief Councilor Crystal Smith of the Haisla Nation, Chief Clifford White of the Gitxaala Nation, Alicia Dubois, CEO of the Alberta Indigenous Opportunities Corporation and Stephen Buffalo, CEO of Indian Resources Canada as [Read more]
Hurricane Delta shuts most U.S. offshore oil output in 15 years
A large and powerful Hurricane Delta dealt the greatest blow to U.S. offshore Gulf of Mexico production in 15 years, halting most of the region's oil and nearly two-thirds of its natural gas output. Delta was packing 120 mile-per-hour (195 km) winds Friday as it churning through the Gulf's prime oil-producing area toward landfall on coastal Louisiana in the evening. It was about 160 miles south of Cameron, Louisiana, according to a 7 a.m. CDT update from the U.S. National Hurricane [Read more]