The discount on Canadian heavy crude narrowed versus U.S. benchmark West Texas Intermediate (WTI) crude on Tuesday, as fears of a lengthy Keystone oil pipeline outage eased. Western Canada Select (WCS) heavy blend crude for December delivery in Hardisty, Alberta, was trading at $21.90 per barrel below WTI, according to Net Energy Exchange, narrower than Monday's settle of $22.30. Worries about the possible duration of the Keystone pipeline outage abated, as available storage capacity in [Read more]
Headlines
First Nation, environmental groups seek leave to appeal Trans Mountain ruling
VANCOUVER - A British Columbia First Nation and three environmental groups hope to appeal a Federal Court of Appeal decision that limited their ability to challenge the Trans Mountain pipeline expansion in court. The Tsleil-Waututh Nation, Ecojustice, Raincoast Conservation Foundation and Living Oceans Society announced Tuesday they are seeking leave to appeal to the Supreme Court of Canada. The Federal Court of Appeal decided in September that it would allow six First Nations, including [Read more]
Ovintiv name a ‘blank slate’ as Encana plans move to United States
The name Encana Corp. immediately brings to mind two things: energy and Canada. Ovintiv, with which the oil and gas producer plans to rechristen itself once it moves its headquarters to the United States next year, offers no hint of what the company does or where it's from. Branding experts say that's likely to be the point. "It's kind of a blank slate, which appears to be what they wanted to go for," said Darren Dahl, a marketing professor at the University of British Columbia. Alan [Read more]
Saskatchewan granted intervener status in First Nations TMX project appeal
The Saskatchewan government says it has been granted leave to intervene in an appeal over construction of the Trans Mountain pipeline expansion. The province says it is intervening in support of the federal government by arguing that the expansion project was properly approved. The Federal Court of Appeal in British Columbia ruled in September that it would hear six challenges focusing on Indigenous consultation. Ottawa twice approved the plan, but the Federal Court of Appeal tore up [Read more]
International Petroleum Corporation Announces Third Quarter 2019 Financial Results and Intention to Launch Share Repurchase Program
International Petroleum Corporation (IPC or the Corporation) (TSX, Nasdaq Stockholm: IPCO) today released its financial and operating results and related management’s discussion and analysis (MD&A) for the three and nine months ended September 30, 2019. In addition, IPC is pleased to announce that it has sought approval from the Toronto Stock Exchange (the “TSX”) to commence a normal course issuer bid to repurchase its own common shares through the facilities of the TSX and Nasdaq [Read more]
Montney Producer Implements World’s First Digital Completions Operating System – SmartPAD – in Canadian Fracking Operations
Cold Bore’s SmartPAD Completions Operating System, First to Deliver Real-time, Sensor-driven Tracking of Operations Data with Analytics. During Stage One Deployment, Montney Producer Recorded a 25% Increase in Wireline Runs, 10% Decrease in Wait Times and a Series of Major Safety Enhancements. CALGARY, AB - 29th October, 2019 - Cold Bore Technology Inc. (“Cold Bore”), a leader in completion optimization technology, announced today results from a year long partnership with a global energy [Read more]
Upcoming CAPL Courses and Lunch & Learns
Here is the upcoming list of courses offered by CAPL. For more information, click on a course link below or visit landman.ca Date Course Category Status Nov 05 2019 Contract Administration *Revamped Course Agreements and Contractual Issues open Nov 06 2019 A Refresher and Practical Guide to ROFR Issues Luncheon Agreements and Contractual Issues open Nov 14 2019 Drilling and Production Operations Technical Skills open Nov 20 2019 Principles of Contract [Read more]
Journey Energy Inc. Reports its Third Quarter 2019 Results and Announces Start of Trading on the OTCQX Market
CALGARY, Nov. 4, 2019 /CNW/ - Journey Energy Inc. (JOY – TSX) ("Journey" or the "Company") announces its financial and operating results for the three and nine month periods ending September 30, 2019. The complete set of financial statements and management discussion and analysis for the periods ended September 30, 2019 and 2018 are posted on www.sedar.com and on the Company's website www.journeyenergy.ca. THIRD QUARTER 2019 HIGHLIGHTS Achieved production of 9,445 boe/d in the third [Read more]
Surge Energy Inc. Announces Third Quarter 2019 Results
CALGARY, Nov. 4, 2019 /CNW/ - Surge Energy Inc. ("Surge" or the "Company") (TSX: SGY) announces its operating and financial results for the quarter ended September 30, 2019. Surge's large original oil in place ("OOIPi"), light and medium gravity crude oil asset base continues to outperform management's expectations. Surge's Q3/19 average production rate of 21,217 boepd contains virtually no contribution from the Company's Q3/19 drilling program, as drilling operations in the quarter did [Read more]
Jupiter Receives Additional Extension to Credit Facility
CALGARY, Nov. 4, 2019 /CNW/ - Jupiter Resources Ltd. and its affiliates (collectively, "Jupiter" or the "Company") have received an additional extension to the maturity date, associated with the Company's existing senior secured reserve-based revolving credit facility (the "RBL Facility"), until December 6, 2019. The commitments under the RBL Facility will be limited to a maximum of $265 million for the additional extension period, during which the Company will continue to negotiate a [Read more]