CALGARY, Alberta-- Veracity Energy Services Ltd (Veracity) is pleased to announce the addition of the former Sunset Engineering (Sunset) management and completion team to Veracity’s group effective July 1, 2020. “We are thrilled to add Darren and his consultants to our team as we continue on our growth path,” added Veracity President Mark Wilneff. “This addition prepares us to expand our existing and future clientele and maintain the level of expertise and service quality they have come to [Read more]
Headlines
Column: Oh, the things we learn…
“When I was a boy of 14, my father was so ignorant I could hardly stand to have the old man around. But when I got to be 21, I was astonished at how much the old man had learned in seven years.” Mark Twain That masterful Twain quote, one of a million or so he has, is a generational thing. Certain cycles are, in broad strokes, predictable. It’s a part of growing up I suppose; at a certain age, everything seems simple and obvious – parents are stupid, for starters. As one moves through [Read more]
Certus acquires oil and gas assets in Sylvan Lake area
Calgary, Alberta / July 6, 2020 / Certus Oil and Gas Inc. (“Certus” or the “Company“) is pleased to announce the acquisition of certain oil and gas assets (the “Assets“) from a private seller (the “Vendor”) within the Sylvan Lake area (the “Acquisition“). The Acquisition closed on June 26, 2020 with an effective date of September 1, 2019. The Acquisition adds 5,200 boe/d (45% oil and liquids, 55% gas) to the Company’s existing production base. With a 2019 cashflow from operations of ~$19 [Read more]
Trump to revamp environmental law in bid to fast track pipelines, roads
President Donald Trump is expected to announce his final plans to expedite permitting for major infrastructure like oil pipelines on Wednesday, a move that environmentalists say will bypass public input. The proposal to update how the 50-year old bedrock National Environmental Protection Act (NEPA) is implemented is part of Trump’s broader campaign to cut environmental regulation to boost industry and fast-track projects that often take years to complete - an effort that has been blocked or [Read more]
InPlay Oil Corp. announces redetermination of credit facilities
CALGARY, Alberta - InPlay Oil Corp. (TSX: IPO) (OTCQX: IPOOF) (“InPlay” or the “Company”) announces that its syndicate of lenders has completed the redetermination of its Credit Facilities. InPlay’s Credit Facilities have been confirmed at $65 million. The Credit Facilities mature on May 31, 2021 and have upward adjustments to the interest rate pricing grid. InPlay was prompt and proactive in reacting to the quick, unprecedented drop in crude oil pricing in March. Initiatives included a 20 [Read more]
XI Technologies: open asset evaluation for July 2020
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. Succeeding in oil and gas development comes down to how well and how quickly you can analyze potential opportunities. Once a month, XI Technologies will apply its evaluation tools to a currently available asset to give readers a sense [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 Jul. 14 Temperature Screener - Point of Entry Brunel Calgary Jul. 14 Turnaround Event Scheduler Brunel Joffre Jul. 13 Maintenance Manager Brunel Fort [Read more]
Kelt Announces Extension of Credit Facility Re-Determination
Calgary, Alberta - Kelt Exploration Ltd. (TSX: KEL) ("Kelt" or the "Company") announced today the extension of the revolving period applicable to the Company's existing $350 million revolving credit facility, to August 31, 2020. The credit facility continues to be available, on a revolving basis, until that date. In connection therewith and subject to the satisfaction of certain requirements by the Company, the date for the re-determination of the borrowing base has also been extended to August [Read more]
Bonterra Energy Corp. announces redetermination of credit facility
CALGARY, AB - Bonterra Energy Corp. (www.bonterraenergy.com) (TSX: BNE) ("Bonterra" or the "Company") today provides a corporate update and confirms the Company has completed the extension and redetermination of its credit facility in partnership with its syndicate of lenders. Bonterra has continued to take meaningful steps in the first half of 2020 to weather a challenging operating environment while prioritizing protection of the balance sheet and the preservation of long-term shareholder [Read more]
Heavy discount narrows as takeaway capacity improves
Canadian heavy crude's discount narrowed versus West Texas Intermediate (WTI) on Tuesday as production rises have been limited and due to a rise in available pipeline capacity, traders said. Western Canada Select (WCS) heavy blend crude for August delivery in Hardisty, Alberta, traded at $6.85 per barrel below WTI after settling at $7.05 below WTI on Monday, according to NE2 Canada Inc. "We see a combination of declines from non-oil sands barrels and modest declines from certain oil sands [Read more]