CALGARY, AB – Explor, a leader in geophysical technology, announced today that it has recently completed a successful, full migration of a mid-size independent oil and gas producer’s seismic data to AWS Cloud Storage, using their CloudSeis process and methodology. Seismic data has unique qualities that sets it apart from other data. In any migration of seismic to the cloud it is essential that certain protocols be put in place and executed beforehand to ensure the fidelity of the data [Read more]
Headlines
XI Technologies: Drilling Top Tens for 2019
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. E&Ps continuing to drill in Canada remain among the most strategic and innovative in the world, doing everything in their power to maximize ROI from their drilling programs and achieving commendable results. Canadian E&P [Read more]
Transglobe Energy Corporation announces revised 2020 budget and guidance
This Announcement contains inside information as defined in Article 7 of the Market Abuse Regulation No. 596/2014 (“MAR”). Upon the publication of this Announcement, this inside information is now considered to be in the public domain. CALGARY, Alberta - TransGlobe Energy Corporation (“TransGlobe” or the “Company”)(AIM & TSX: “TGL” & NASDAQ: “TGA”) announces an amendment to its 2020 capital budget and guidance. 2020 Outlook The 2020 production outlook for the Company is provided as a [Read more]
Seven Generations Energy Reduces 2020 Capital Investment Plan in Response to Challenging Global Energy Prices
Revised fully funded budget proactively maintains the company’s balance sheet strength and corporate resilience at current futures pricing CALGARY, Alberta--(BUSINESS WIRE)--In response to the significant decline in global energy prices, Seven Generations has reduced its previously announced 2020 capital investment budget by 18%, or $200 million, to $900 million. Effective immediately, the company will meaningfully reduce its activity levels to align investments to expected cash [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 Mar. 10 Shift Operator Rush Energy Services Inc. Breton Mar. 10 Clinical Trial Budget Specialist Brunel Dorval Mar. 9 Field Operator Roska DBO Fort St. [Read more]
Cequence energy announces fourth quarter financial results and 2019 reserves
CALGARY, Alberta - Cequence Energy Ltd. ("Cequence" or the "Company") (TSX: CQE) is pleased to announce its operating and financial results for the three and twelve months ended December 31, 2019. The Company’s Management’s Discussion and Analysis (“MD&A”) and Consolidated Financial Statements are available at cequence-energy.com and on SEDAR at www.sedar.com. HIGHLIGHTS Production was 5,892 boe/d, 25% of which was comprised of crude oil and liquids for the three months ended [Read more]
Bonterra Energy Corp. Announces Year End 2019 Results and Provides Dividend Update
CALGARY - Bonterra Energy Corp. (www.bonterraenergy.com) (TSX: BNE) ("Bonterra" or the "Company") is pleased to announce its operating and financial results for the year ended December 31, 2019. The related financial statements and notes, as well as management's discussion and analysis ("MD&A") for the year ended December 31, 2019 and annual information form ("AIF") as of December 31, 2019 are available on SEDAR at www.sedar.com and on Bonterra's website at [Read more]
MEG Energy announces revised $200 million internally funded 2020 capital program
All financial figures are in Canadian dollars ($ or C$) and all references to barrels are per barrel of bitumen sales unless otherwise noted CALGARY - MEG Energy Corp. (TSX:MEG, "MEG" or the "Corporation") announced today a 20% reduction in its 2020 capital program to $200 million from the original $250 million budget announced November 2019. Capital Program Reduction and Guidance Update Due to the recent significant degradation in global oil prices, MEG is reducing its [Read more]
Heavy discount narrows on strong Gulf demand
Canadian heavy crude's discount narrowed versus the U.S. benchmark West Texas Intermediate (WTI) crude on Tuesday, as demand remained strong from U.S. Gulf Coast refiners. Western Canada Select (WCS) heavy blend crude for April delivery in Hardisty, Alberta, was trading at $13.15 per barrel below WTI, according to NE2 Canada Inc, narrower than Monday's settle of $13.50 under. The differential was as little as $10.50 on Monday, the smallest since Aug. 21, 2019. U.S. Gulf Coast refiners [Read more]
Crew Energy Inc. Announces Fourth Quarter and 2019 Financial and Operating Results and 2020 Full Year Guidance
CALGARY - Crew Energy Inc. (TSX: CR) ("Crew" or the "Company") is pleased to announce our operating and financial results for the three and twelve month periods ended December 31, 2019. Crew's full audited consolidated Financial Statements and Notes, as well as Management's Discussion and Analysis ("MD&A") for the three and twelve month periods ended December 31, 2019 are available on Crew's website and filed on SEDAR at www.sedar.com. Q4 & FULL YEAR 2019 HIGHLIGHTS Driving [Read more]