Vancouver, B.C. - Hillcrest Petroleum Ltd. (the "Company" or "Hillcrest") (TSXV:HRH) (OTC:HLRTF), is pleased to announce that it has received conditional approval from the TSX Venture Exchange (the "Exchange") of the implementation of an early warrant exercise incentive program (the "Incentive Program") intended to encourage the early exercise of up to 22,894,446 outstanding common share purchase warrants (the "Eligible Warrants") of the Company held by warrant-holders, previously announced in a [Read more]
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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 Jul. 20 Electrician Apprentice Strike Group Calgary Jul. 19 Manager, Systems Optimization - Liquids Pipelines TC Energy Calgary Jul. 18 PAYROLL ADMINISTRATOR - [Read more]
PrairieSky Royalty reports lower second-quarter crude oil production
CALGARY - PrairieSky Royalty Ltd. says oil and gas production in the second quarter was down 16 per cent from the first quarter, a result expected to set the tone as the rest of Canada's oilpatch rolls out financial reports over the next few weeks. The Calgary-based company, which earns revenue by sharing in production from lands for which it holds the petroleum mineral rights, says it produced 18,670 barrels of oil equivalent per day in the three months ended June 30. It says crude oil [Read more]
Oil gains as vaccine hopes edge out rise in infections
Oil prices edged higher on Tuesday on positive news on vaccine trials, but are still within the narrow trading band of the past three weeks amid fears that new lockdowns could derail a recovery in demand. West Texas Intermediate (WTI) gained $1.46, or 3.67%, to $42.24. Brent futures were up $1.44, or 3.43%, at $44.6. The closing prices of both Brent and WTI have traded within a $2 channel so far this month. Prices were supported by promising vaccine developments as drugmakers and [Read more]
Column: “You want a toe? I can get you a toe.” An unlikely path forward on the way to net-zero 2050
“You want a toe? I can get you a toe. Believe me. There are ways Dude, you don’t wanna know about it believe me. Hell, I can get you a toe by 3 o’clock this afternoon, with nail polish.” -Walter Sobchak in The Big Lebowski Hey feds, you want “net-zero carbon emissions by 2050” on new infrastructure? I can get you net-zero by 2050. There are ways Dude. You don’t want to know about it but there are ways. As this bizarre century continues to unfold, where blindly succumbing to groupthink [Read more]
Canada’s Hibernia oil platform shuts production after leak
ST. JOHN’S, N.L. – Production at the Hibernia offshore production platform 315 kilometres east of St. John’s, N.L., has been halted after an apparent spill of drilling and production fluids. In a post on its website, the Hibernia management company says a sheen was observed in the water about 2.5 kilometres from the platform. The company says water sampling late Sunday during well flowback operations indicated an “exceedance” on the produced water discharge and production was immediately [Read more]
Chevron’s $5 bln deal for Noble ends deal drought, sets price benchmark
Chevron Corp's surprise $5 billion deal for oil producer Noble Energy should spell the end of this year's deal drought, setting a price benchmark that will trigger more buys, mergers and acquisition bankers, lawyers and analysts said. The COVID-19 pandemic destroyed fuel demand and left dozens of energy companies without the prospect of drilling their way out of debt. They may now be more willing to entertain deals with the Chevron offer as a standard. "Sometimes you need the one [Read more]
Cardinal Energy Ltd. announces extension of exchange right
CALGARY, Alberta - Cardinal Energy Ltd. ("Cardinal") (TSX:CJ) announces that approximately 62% of the outstanding principal amount of its 5.50% convertible debentures have exercised their right to exchange their debentures for a new series of 8.00% convertible debentures. In addition, Cardinal has elected to extend the period of time that debentures can be exchanged from 5:00 p.m. (Eastern time) on Monday, July 20, 2020 to 5:00 p.m. (Eastern time) on Tuesday, August 4, 2020. Please contact us [Read more]
PrairieSky announces 2020 second quarter results; publishes annual responsibility report
CALGARY, Alberta - PrairieSky Royalty Ltd. ("PrairieSky" or the "Company") (TSX: PSK) is pleased to announce its second quarter ("Q2 2020") operating and financial results for the period ended June 30, 2020. Second Quarter 2020 Highlights: • Revenues totaled $28.2 million, comprised of royalty production revenues of $25.1 million and other revenues of $3.1 million. • Funds from Operations totaled $21.3 million ($0.09 per common share basic and [Read more]
Stirring in the oil patch, Chevron buys Noble for $5 billion
NEW YORK - Chevron will take over Noble Energy for $5 billion in the first big deal announced since the coronavirus pandemic shook the energy sector. Chevron has been shopping for assets since last year and with crude prices down more than 30% this year, it jumped Monday with its all-stock offering for the independent Houston oil and gas driller. Based on Chevron’s closing price on Friday, Noble Energy shareholders will receive 0.1191 shares of Chevron for each Noble Energy share. But with [Read more]