CALGARY - Yangarra Resources Ltd. ("Yangarra" or the "Company") (TSX:YGR) provides an operations update. As a result of the COVID-19 pandemic, Yangarra has implemented a number of actions to reduce the risk of spread amongst our valuable employee team. The Company's Calgary office has been reduced to two people with the remainder of the team working remotely to ensure the business continues to function and our people stay safe. In the field, Yangarra has implemented social distancing and [Read more]
Headlines
Heavy discount widens as monthly trading cycle begins
Canadian heavy crude's discount widened versus U.S. benchmark West Texas Intermediate (WTI) oil on Wednesday, the first day of the monthly trading cycle. Western Canada Select (WCS) heavy blend crude for May delivery in Hardisty, Alberta, traded at $16.65 per barrel below WTI, according to NE2 Canada Inc, wider than Tuesday's settle of $15 under. With WTI prices trading around $21, the net Canadian heavy price was about $4 per barrel, around the lowest on record. "Basically (it's) [Read more]
Inter Pipeline announces virtual annual meeting and first quarter 2020 results conference call
CALGARY - Inter Pipeline Ltd. ("Inter Pipeline") (TSX: IPL) will announce its first quarter 2020 financial and operating results on May 7, 2020. A conference call and webcast have been scheduled for May 8 at 9:00 a.m. MT (11:00 a.m. ET) for interested shareholders, analysts and media representatives. To participate in the conference call, please dial 1 (888) 231-8191. A replay of the conference call will be available until May 15, 2020 by calling 1 (855) 859-2056. The code for the replay is [Read more]
Perpetual Energy Inc. Announces Strategic Transaction, Credit Facility Update and 2020 Outlook
CALGARY - (TSX: PMT) Perpetual Energy Inc. ("Perpetual" or the "Company") is pleased to announce that it has sold a 50% working interest in its East Edson property for consideration consisting of $35 million in cash and the carried interest funding of the Company's remaining 50% working interest share in an eight-well drilling program (the "East Edson Transaction"). Concurrent with the signing and closing of the East Edson Transaction on April 1, 2020, the borrowing limit on Perpetual's [Read more]
Oil prices mixed, U.S. inventory build-up heightens oversupply concerns
Crude oil benchmarks opened the month mixed on Wednesday, following their biggest-ever quarterly and monthly losses, overshadowed by fears of global oversupply as data showed a bigger-than-expected rise in inventories in the United States. U.S. West Texas Intermediate crude was up by 7 cents, or 0.34%, at $20.17 a barrel. Brent crude was down by $1.06, or 4.09%, at $24.86 a barrel. U.S. crude inventories rose by 10.5 million barrels last week, far exceeding forecasts for a 4 million [Read more]
Column: Watching the global supply-tech mega-system swarm a problem is a beautiful sight
In the official 1840 US government census, a soul-searching question was posed to the familial point of contact: How many idiots are there in your household? It's true. People didn't have time to mince words back then. Pity the poor father of twelve, looking down the dining table...not that one, not that one, yes for sure, that one's a maybe, hmm good with a pitchfork but just look at that skull, etc. You may have different yardsticks for charting how far humanity has progressed in the past [Read more]
Briko Energy Announces its 2019 Year-End Reserves and Complementary Acquisition Update
Calgary, Alberta - Briko Energy Corp. ("Briko" or the "Corporation") is pleased to announce its 2019 year-end reserves and Complementary Acquisition update. 2019 Reserve Highlights Proved ("1P") reserves increased 6% to 2.4 million barrels of oil equivalent ("BOE") at December 31, 2019 compared to 2.3 million BOE at December 31, 2018; Proved Developed Producing ("PDP) reserves of 1.6 million BOE at December 31, 2019 with a net present value of $14.4 million ($1.29 per share) at a 10% [Read more]
XI Technologies: What can the oil and gas industry do while waiting for the next “new normal”?
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. With our industry currently dealing with the dual challenges of physical distancing due to the COVID-19 outbreak and an oil price crash due to an international price war, it is difficult to anticipate what life will be like on the [Read more]
Petrus Resources announces termination of previously announced disposition and operations update
CALGARY, Alberta - Petrus Resources Ltd. ("Petrus" or the "Company") (TSX: PRQ) announces the termination of its previously announced disposition of its oil and natural gas interests in the Foothills area (the "Disposition"). Petrus has been advised in writing by the purchaser that they are terminating the asset purchase and sale agreement (the "Agreement") providing for the Disposition. The Disposition was to be for total consideration of $1.8 million, subject to customary closing conditions [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. 31 Research Associate Brunel North York Mar. 31 Construction Coordinator Brunel Fort Saskatchewan Mar. 29 Electrical Instrumentation & Controls, [Read more]