Barnwell of Canada, Limited (“BOCL” or the “Company”) has initiated a process to divest of the Company’s non-core, largely non-operated, conventional light oil and natural gas assets which averaged ~140 bbl/d and ~350 Mcf/d and generated annualized net operating income of $1.0 million (the “Properties”) to BOCL’s working interest in Q4/2020. ARCO Capital Partners Inc. has been retained as financial advisor to assist in this sales process. The Properties include: Wood River 21.15% [Read more]
Headlines
Leucrotta announces Q4 2020 financial and operating results
Calgary, Alberta - Leucrotta Exploration Inc. (TSXV: LXE) ("Leucrotta" or the "Company") is pleased to announce its financial and operating results for the three months and year ended December 31, 2020. All dollar figures are Canadian dollars unless otherwise noted. FINANCIAL RESULTS Three Months Ended December 31 Year Ended December 31 ($000s, except per share amounts) 2020 2019 % Change 2020 2019 % Change Oil and [Read more]
Leucrotta Exploration announces 2020 year-end reserves
Calgary, Alberta - Leucrotta Exploration Inc. (TSXV: LXE) ("Leucrotta" or the "Company") is pleased to announce its 2020 year-end reserves as independently evaluated by GLJ Ltd. ("GLJ") effective December 31, 2020 (the "GLJ Report"), in accordance with National Instrument 51-101 ("NI 51-101") and the Canadian Oil and Gas Evaluation ("COGE") Handbook. All dollar figures are Canadian dollars unless otherwise noted. Introduction During 2020 and early 2021, Leucrotta made the decision to focus [Read more]
XI Technologies: Duvernay 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. Last week, we published an overview of the Duvernay 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]
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 Apr. 27 Environmental Supervisor (Contract) Bowron Environmental Group Ltd Calgary Apr. 26 Analyst, Market Risk AltaGas Calgary Apr. 26 Transportation [Read more]
Briko Energy Corp. announces 2020 financial and operating results
Calgary, Alberta - Briko Energy Corp. ("Briko" or the "Corporation") is pleased to report its financial and operating results for the three months and year ended December 31, 2020. Financial and operational information is set out below and should be read in conjunction with Briko's December 31, 2020 audited annual financial statements and the related management's discussion and analysis ("MD&A"). In addition, the Corporation announces the filing of its Annual Information Form ("AIF") for the [Read more]
Federal Court of Appeal upholds Alberta right to turn-off-the-taps legislation
OTTAWA - The Federal Court of Appeal has ruled that Alberta has the right to control the amount and destination of oil and other fuels flowing through its pipelines. The decision is a victory for the province in its battle with British Columbia over so-called turn-off-the-taps legislation enacted by Alberta in 2018, at the height of a dispute between the two provinces over construction of the Trans Mountain pipeline. Three justices agree an earlier injunction blocking Alberta from using [Read more]
Column: Who will pay for the energy transition?
The transition from a fossil-fuel dominated energy system to one with zero emissions would require trillions of dollars of investment in new production, distribution and consumption equipment worldwide. New investments could support millions of new jobs in construction and manufacturing, but policymakers are struggling to decide whether to recover the costs from consumers or taxpayers. In most countries, the cost of providing energy commodities and services, including gas, electricity, [Read more]
Oil rebounds, but gains limited amid demand concerns as India reels from COVID-19
Oil prices rebounded on Tuesday after falling in the previous session, but gains are likely to be capped amid growing concern about fuel demand in India, the world's third-biggest crude importer now slammed by spiralling new coronavirus cases. U.S. oil gained 63 cents, or 1%, to $62.57, having declined by 0.4% the previous session. Brent crude was up 40 cents, or 0.6%, at $66.12 a barrel after dropping 0.7% on Monday. India's woes comes as the Organization of the Petroleum Exporting [Read more]
Alberta Indigenous Opportunities Corporation provides $27 million loan guarantee to Frog Lake First Nation in support of infrastructure ownership
CALGARY, Alberta - The Alberta Indigenous Opportunities Corporation (AIOC) has provided Frog Lake First Nation (Frog Lake) with a $27 million loan guarantee to support stable, long-term ownership of the Lindbergh cogeneration facility at Strathcona Resource Ltd.’s (Strathcona) Lindbergh Steam-Assisted Gravity Drainage operation. AIOC’s loan guarantee preserves the ongoing business partnership between Frog Lake and Strathcona, avoiding any divestment of Frog Lake’s 100% ownership stake and [Read more]