CALGARY, Jan. 14, 2019 /CNW/ - Surge Energy Inc. ("Surge" or the "Company") (TSX: SGY) announces that its Board of Directors has formally approved the Company's 2019 capital budget, production and operation guidance. Surge's 2019 budget is consistent with its stated goal of delivering consistent shareholder returns through disciplined per share growth, as well as a sustainable dividend. 2019 GUIDANCE; SUSTAINABLE PRODUCTION WITH FLEXIBILITY TO GROW Given the recent extreme volatility in [Read more]
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Used CAT 3608 Package available at up to 65% off the price of new
Details: 2285 HP Reciprocating 3-stage, sweet Fits a large number of shale gas gathering applications Available as is (~35% of new) or fully-refurbished and warranted (~65% of new) For more information: Email: lcrawford@compassnrg.com Phone: 403-520-5801 compassnrg.com [Read more]
Canada, First Nations express concern over U.S. Arctic drilling plans
The Canadian government, two territories and several First Nations are expressing concerns to the United States over plans to open the calving grounds of a large cross-border caribou herd to energy drilling, despite international agreements to protect it. "Canada is concerned about the potential transboundary impacts of oil and gas exploration and development planned for the Arctic National Wildlife Refuge Coastal Plain," says a letter from Environment Canada to the Alaska office of the U.S. [Read more]
Husky taking steps to resume SeaRose operations two months after oil spill
ST. JOHN'S, N.L. - A Canadian oil and gas company says it's working to reassure regulators that it can resume safe operations, two months after a massive oil spill at one of their offshore oil production sites. Work at the site of Husky Energy's SeaRose production vessel has been halted since an estimated 250,000 litres of oil spilled into the ocean on Nov. 16 at the White Rose oilfield, about 350 kilometres off the coast of St. John's, N.L. In a release on Friday, Husky said the company [Read more]
Heavy crude differential widens slightly after narrowing all week
The Canadian heavy oil differential widened slightly against the West Texas Intermediate (WTI) benchmark on Friday, after narrowing throughout the week: * Western Canada Select (WCS) heavy blend crude for February delivery in Hardisty, Alberta, settled at $7.45 a barrel below WTI crude futures , wider than Thursday's settle of $7.35 below WTI, according to Net Energy Exchange. * But the intraday price of $6.95 is the smallest discount on Canadian heavy crude to WTI since June 2015, [Read more]
U.S. oil drillers cut rigs for second week in a row
U.S. energy firms cut oil rigs for a second week in a row as more producers, like Occidental Petroleum Corp , turned conservative in their 2019 drilling plans due to uncertainty over a recovery in crude prices. Drillers cut four oil rigs in the week to Jan. 11, bringing the total count down to 873, General Electric Co's Baker Hughes energy services firm said in its closely followed report on Friday. The U.S. rig count, an early indicator of future output, is still much higher [Read more]
Canada Weekly Rig Count Up 108 to 184
Western Canada’s fleet of drilling rigs increased by 108 rigs to a total of 184 according to data collected by Baker Hughes for the week of January 11th. From last Friday, Alberta rig counts went from 61 to 122. Saskatchewan's rig count went from 2 to 40. Oil drilling went from 20 to 103; natural gas rigs increased from 56 to 81. View a full breakdown of western Canada’s rig activity. [Read more]
Police and Indigenous blockades going up, work to begin again on B.C. pipeline
SMITHERS, B.C. - A convoy of work trucks passed through a police roadblock today heading to the Unist’ot’en camp to dismantle barriers that had blocked workers from starting construction on a natural gas pipeline through Wet’suwet’en territory. Senior officers in the RCMP's Indigenous liaison unit were also going to the site, which has been the centre of growing tensions in a dispute over the pipeline and Indigenous claims to the land. On Thursday, hereditary chiefs struck a deal [Read more]
Canbriam Energy Announces Executive Retirements
CALGARY, Jan. 11, 2019 /PRNewswire/ - Canbriam Energy (Canbriam) announced today the retirements of two of its founding members Gary Gardiner, Chief Operating Officer and John Nieto, Chief Technology Officer. In addition, Rob Froese, Chief Financial Officer and Art Flaws, Vice President Drilling & Completions will also retire. The retirements were effective January 7, 2019 and reflect the planned transition in leadership at Canbriam. Each individual has agreed to consult as needed through [Read more]
Athabasca Minerals Inc. Montney In-Basin Project Frac Sand Test Results
Positioning Athabasca as Leading In-Basin Frac Sand Supplier for Canadian Energy Market January 11, 2019 EDMONTON, ALBERTA. Athabasca Minerals Inc. (“AMI” or the “Corporation”) (TSX Venture: ABM) announces initial test results for the Montney In-Basin frac sand project (“MIB Project”). Montney In-Basin Frac Sand Project Location STIM-LAB Inc. and Loring Laboratories Ltd. completed testing on a 70/170 fraction size domestic sand, which had sphericity of 0.7, roundness of 0.6, acid [Read more]