Wet Gas Index as a Proxy for Liquids Richness? In this era of under-reported or unreported gas liquids production, could the Ethane+ also known as the C2+ Wet Gas Index (WGI) serve as a proxy to indicate liquids richness? The C2+ WGI could be useful as there are often more wells with gas analyses than with reported liquids production. To explore this idea, Upper Montney C2+ WGI values are compared with the condensate-gas ratio (CGR) and IP90 oil rates from Upper Montney producers. The C2+ [Read more]
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Obsidian Energy Announces an Operational Update on Cardium Drilling Program
CALGARY, April 16, 2019 /CNW/ - OBSIDIAN ENERGY LTD. (TSX – OBE, NYSE – OBE.BC) ("Obsidian Energy", the "Company", "we", "us" or "our") is pleased to announce an operational update on our Cardium drilling program. "While still in the early days of my tenure as Interim President and CEO of Obsidian Energy, I continue to be excited by the high caliber of our Cardium program and the future for long term growth. We continued to march through our development program delivering volumes as expected, [Read more]
Sproule and GTI Webinar: Canadian natural gas and NGL production, are more NGLs really better?
Join Petroleum Engineer and Market Analyst Liam O’Brien, Sproule, for a complementary webinar featuring Gerry Goobie, Principal, GTI and David Tulk, Principal GTI. Our experts will provide an in-depth discussion on how knowing what to do with your NGLs can really drive your bottom-line results—even when the answers are not intuitively obvious. Click here to register [Read more]
Over 250 senior operations leaders from Equinor, LNG Canada, Suncor, Chevron, BP, ENMAX, SaskPower, Enbridge and more are confirmed to attend the 2019 OpEx in Energy, Chemicals & Resources Summit in Calgary this June 4-6
The Operational Excellence in Energy, Chemicals & Resources Summit in Calgary is attended every year by over 250 heads of operations, operational excellence, HSE, maintenance and reliability operating in hazardous environments. Focused and high-level, the event is an excellent platform to initiate new business relationships, benchmark your company performance and learn the latest strategies to achieve the next level of efficiency and operational agility. Returning to Calgary at the Hyatt [Read more]
Journey Energy Inc. Highlights Encouraging Test Results and Provides Update on East Duvernay Resource Play
CALGARY, April 15, 2019 /CNW/ - Journey Energy Inc. (JOY – TSX) ("Journey" or the "Company") is pleased to provide an update on our Joint Venture with Kiwetinohk Resources Corp. ("Kiwetinohk") in the East Duvernay, including the encouraging test rates achieved by the first two commitment wells. East Duvernay Joint Venture Operational Update Since entering into the Joint Venture arrangement on August 29th, 2018, Kiwetinohk and Journey have been actively advancing the development of the East [Read more]
Huge march downtown Calgary during Senate hearings on bill C-69
On the eve of the Alberta provincial election, a huge march took place downtown Calgary. Organized by energy industry advocate group Canada Action, the demonstration paints a picture of discontent felt among Albertans. The Senate hearings for Bill C-69 were in Calgary on Tuesday. Canada Action led the rally which they say "will hurt Canadian families that make their living in our natural resource sector." The bill has received opposition from industry, first nations, provincial leaders, [Read more]
Alberta leaders renew attacks on final full day of election campaign
SHERWOOD PARK, Alta. - A day before Alberta voters go to the polls, United Conservative Leader Jason Kenney and the NDP's Rachel Notley traded attacks over the pipeline issue that has come to define the campaign. "Just one more sleep, one more day before Albertans have an opportunity to vote for change that gets our province back to work and that gets Alberta back on track," Kenney told cheering supporters outside a campaign office in Sherwood Park, east of Edmonton, on Monday. Kenney, [Read more]
Crown won’t pursue charges against 14 pipeline opponents in northern B.C.
PRINCE GEORGE, B.C. - The B.C. prosecution service says it does not have enough evidence to pursue charges of criminal contempt against 14 people who were arrested in January when RCMP enforced an interim court injunction at a pipeline blockade on the Wet'suwet'en First Nation's traditional territory. The prosecution service says in a statement submitted to the B.C. Supreme Court in Prince George that the cases were referred to it for potential prosecution of criminal contempt on Feb. [Read more]
Explosion at Shell’s Scotford refinery
Emergency crews responded to an explosion and fire at Shell's Scotford refinery in Alberta on Monday, a company spokeswoman said. There were no reported injuries. The Scotford facility houses a 100,000 barrel-per-day refinery and a 255,000 bpd oil sands upgrader. Local media reported flames and a large plume of black smoke coming from the refinery. Shell spokeswoman Tara Lemay said the fire broke out around 8:45 a.m. local time and employees were being moved away from the incident as a [Read more]
Strategic Alternatives Process: Return Energy Inc. – Major Light Sweet Oil Upside in the Triassic Upper Charlie Lake
Sayer Energy Advisors (“Sayer”) has been engaged to assist Return Energy Inc. and its wholly-owned subsidiary, Winslow Resources Inc., (“Return” or the “Company”) (TSX-V: RTN) with a strategic alternatives process. The Company is open to reviewing all alternatives, with potential outcomes to this process including, but not limited to, a sale or merger of the Company or other form of business combination; a sale or joint venture involving all or a portion of the assets; a recapitalization of the [Read more]