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. The combined challenges of social distancing and reduced demand for oil and gas have resulted in a drastic reduction in rig counts throughout the WCSB. As a drilling data provider, this leads us to the obvious question: what role does [Read more]
Headlines
Paramount Resources Ltd. reports first quarter 2020 results
CALGARY - HIGHLIGHTS Sales volumes averaged 70,022 Boe/d (38 percent liquids) in the first quarter of 2020.(1) Production in the first quarter of 2020 was impacted by three separate outages (two unscheduled, one scheduled) at a third-party processing facility in the Wapiti area. This amounted to approximately one full month of downtime or the equivalent of approximately 4,300 Boe/d of high netback production for the quarter. Severe cold weather in January also [Read more]
When you can’t visit your project site: remote sensing and visualization technology is making virtual access a reality
To slow the spread of COVID-19, we have all had to make adjustments to how we work. For many of us that means restrictions on travel and working from home. For those supporting projects in the field, site visits are often out of the question. Many project teams have managed to stay connected by adapting to collaborative online tools like Skype and Zoom, but maintaining access to data and information on a distant project site so that essential work can continue presents a different [Read more]
Pipestone Energy Corp. reports first quarter 2020 results and provides an operations update
CALGARY, Alberta - (PIPE – TSX-V) Pipestone Energy Corp. (“Pipestone Energy” or the “Company”) is pleased to report its Q1 2020 financial and operational results, and an update to our business plan in response to the dramatic drop in commodity prices related to the worldwide COVID-19 crisis which resulted in an unprecedented short term collapse in oil demand. This will also include an operations update with encouraging initial production results from the 6-24 pad; 2020 production management [Read more]
World’s largest wealth fund blacklists four Canadian firms for emissions
Norway's $1 trillion sovereign fund said on Wednesday it had excluded four Canadian oil and gas companies from its portfolio for producing excessive greenhouse gas emissions, its first use of that reason to blacklist firms. Canadian Natural Resources Ltd , Cenovus Energy Inc , Suncor Energy Inc , and Imperial Oil Ltd were excluded due to "unacceptable greenhouse gas emissions", Norges Bank Investment Management (NBIM) said. The firms did not respond to requests for comment after market [Read more]
Transglobe Energy Corporation announces first quarter 2020 financial and operating results for the three months ended March 31, 2020
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. AIM & TSX: “TGL” & NASDAQ: “TGA” CALGARY, Alberta - TransGlobe Energy Corporation (“TransGlobe” or the “Company”) is pleased to announce its financial and operating results for the three months ended March 31, 2020. All dollar values are expressed [Read more]
Tamarack Valley Energy Ltd. Announces 2020 First Quarter Results and Ongoing Value Preservation and Cost Cutting Focus
Calgary, Alberta - Tamarack Valley Energy Ltd. (TSX: TVE) ("Tamarack" or the "Company") is pleased to announce its financial and operating results for the three months ended March 31, 2020. Selected financial and operational information is outlined below and should be read in conjunction with Tamarack's unaudited condensed consolidated interim financial statements for the three months ended March 31, 2020 and related management's discussion and analysis ("MD&A") which are available on SEDAR [Read more]
Questerre reports first quarter 2020 results
CALGARY, Alberta - Questerre Energy Corporation (“Questerre” or the “Company”) (TSX,OSE:QEC) reported today on its financial and operating results for the first quarter ended March 31, 2020. Michael Binnion, President and Chief Executive Officer, commented, “With the fallout from the pandemic and collapse in oil prices, we are focused on preserving liquidity and the value of our long-term assets, particularly Quebec. As reported earlier, we eliminated all non-essential investment in early [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 May. 10 Senior Auditor, Internal Auditor TC Energy Calgary May. 8 Contracts Specialist PetroChina Canada Calgary May. 8 Temporary Senior Analyst, [Read more]
Bonterra Energy Corp. announces first quarter 2020 results
CALGARY - Bonterra Energy Corp. (www.bonterraenergy.com) (TSX: BNE) ("Bonterra" or the "Company") is pleased to announce its operating and financial results for the three months ended March 31, 2020. The related financial statements and notes, as well as management's discussion and analysis ("MD&A") for the period ended March 31, 2020 are available on SEDAR at www.sedar.com and on Bonterra's website at www.bonterraenergy.com. HIGHLIGHTS As at and for the three months [Read more]