The business of exploration in the Energy Industry has changed dramatically in the last couple of years. Have your software and data kept up with these changes? We are interested in hearing your opinions on how the evolution of exploration has affected your workflows! Join us for lunch to discuss the following topics alongside other industry professionals. Upcoming sessions include: Data Management - February 8th, 11:30-1:30 pm A discussion on your thoughts regarding best practices and [Read more]
Headlines
Spyglass Resources Corp. – Western Canadian Oil & Gas Assets for Sale
CALGARY, Feb. 1, 2016 /CNW/ - On November 26, 2015, the Alberta Court of Queen's Bench (the "Court") granted an order appointing Ernst & Young Inc. as Receiver and Manager (the "Receiver") of Spyglass Resources Corp. and its affiliates (collectively, "Spyglass"). In addition, on January 25, 2016, the Court approved a process permitting the Receiver to sell the assets of Spyglass. The Court also approved an agreement between the Receiver and the Alberta Energy Regulator which will facilitate [Read more]
LGX Oil + Gas Inc. Announces Initiation of Strategic Review Process
CALGARY, Feb. 1, 2016 /CNW/ - LGX Oil + Gas Inc. ("LGX" or the "Company") (TSXV: OIL) believes that its current share price is not reflective of the long term value within the Company's asset base, and therefore has initiated a process to consider a range of strategic alternatives available to the Company, with a view to enhancing shareholder value.These alternatives may include, but are not limited to, a sale of all or a material portion of the LGX assets, the outright sale of the Company, or [Read more]
Arsenal Energy Inc. Releases Yearend Reserves and Provides Corporate Update
CALGARY, ALBERTA--(Marketwired - Feb. 1, 2016) - Arsenal Energy Inc. ("Arsenal" or the "Corporation") (TSX:AEI)(OTCQX:AEYIF) is pleased to provide the highlights of its year end reserves report and to provide a corporate update. Arsenal's proved plus probable finding development and acquisition costs for 2015 were $12.22 per boe and based, on the current production rate, Arsenal has a reserve life of approximately 13.3 years on a proved plus probable basis. Reserves In preparing the Company's [Read more]
B.C. Premier Christy Clark to canvass economic issues in upcoming Ottawa visit
VANCOUVER - Premier Christy Clark says her primary focus in an upcoming trip to Ottawa will be to bolster British Columbia's position as the top-ranking provincial economy in the country.Clark is slated to meet with federal government officials this week to discuss support for various B.C. industries and how the new Liberal government can strengthen her province's economic performance.She describes B.C.'s economy as a bright spot that is growing at nearly double the rate of the rest of the [Read more]
Gear Energy Ltd. Announces 2015 Operational Update and Revised 2016 Outlook
CALGARY, ALBERTA--(Marketwired - Feb. 1, 2016) - Gear Energy Ltd. ("Gear") (TSX:GXE) announces operational highlights for the fourth quarter of 2015 and revised outlook for the first half of 2016. 2015 Operational update Sales production averaged 5,015 boe/d for the fourth quarter; yielding annual production of 5,670 boe/d. Production declined 400 boe/d from the previous quarter, which includes approximately 200 boe/d of oil shut-in due to weakened prices. Drilled four successful oil [Read more]
Premier Brad Wall says Trudeau should champion energy sector, Energy East
REGINA - Saskatchewan Premier Brad Wall says Prime Minister Justin Trudeau should take a stand and support the Energy East pipeline.Trudeau said last week that his role as prime minister in thorny issues such as pipelines is to bring people together and secure a better future for Canadians.Wall disagrees."We have a referee. It's the National Energy Board and it's the regulatory bodies and they should do their job, to be sure," Wall said Monday after a speech to the Saskatchewan Urban [Read more]
USD Group withdraws proposal to expand Alberta oil-by-rail facility
EDMONTON - A company that was proposing to expand the size of a rail facility to double the number of trains it can load with Alberta oil has shelved the project.USD Terminals Canada announced in November that it wanted to construct new tracks and loading buildings at its rail terminal in Hardisty, southeast of Edmonton."USD Group has presently withdrawn its Canadian Environmental Assessment Agency (CEAA) application and is reviewing its options," Meg Martin, a spokeswoman for the company wrote [Read more]
Touchstone Announces Closing of Kerrobert Saskatchewan Disposition
CALGARY, ALBERTA--(Marketwired - Feb. 1, 2016) - Touchstone Exploration Inc. ("Touchstone" or the "Company") (TSX:TXP) is pleased to announce that it has closed the sale of its Kerrobert facility, infrastructure and associated mineral rights. The disposition had an effective date of December 31, 2015. The disposition included 6,739 acres of developed and undeveloped land at Kerrobert as well as mineral rights associated with 10,881 acres of undeveloped land around Edam, Saskatchewan. In [Read more]
With or without pipelines, Canadian oil production will continue to grow
MONTREAL, Feb. 1st, 2016 /CNW Telbec/ - While the debate rages on regarding the Energy East project, the MEI points out that even in a scenario in which absolutely no new pipelines are built, oil production in the country will increase significantly from now until 2040, as the National Energy Board (NEB) stipulated in a report published last week. It is therefore a mistake to believe that systematic opposition to the construction of pipelines will reduce either our production or our [Read more]