CALGARY - Tourmaline Oil Corp. (TSX:TOU) ("Tourmaline" or the "Company") is pleased to release financial and operating results for the full year and fourth quarter of 2019 as well as 2019 reserves results. The Company delivered strong returns to shareholders, annual growth and demonstrated continued financial resilience in this very challenging energy cycle. HIGHLIGHTS Tourmaline delivered full-year earnings of $319.7 million ($1.18/diluted share), again demonstrating the profitability [Read more]
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Baytex Announces Fourth Quarter and Full Year 2019 Financial and Operating Results and Board Appointment
CALGARY, Alberta - Baytex Energy Corp. ("Baytex")(TSX, NYSE: BTE) reports its operating and financial results for the three months and year ended December 31, 2019 (all amounts are in Canadian dollars unless otherwise noted). “2019 was an exceptional year with $1 billion EBITDA, $329 million of free cash flow and a 17% reduction in net debt. During the first quarter of 2020, we enhanced our long-term note maturity schedule and extended the term of our revolving credit facilities to 2024. Our [Read more]
XI Technologies: March 2020 Alberta Expiring Land Report – Are there opportunities for you?
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. XI Technologies looks at expiring land every month because it can provide useful business development intel for service companies and E&Ps alike. For service companies, expiring lands provide insight into where drilling activity [Read more]
Column: What’s next after the Wet’suwet’en crisis? Possibly, paths to greatness
Thank heavens for the Wet’suwet’en crisis. No, really, we might soon be saying that. To put one’s mind in such a place of relative peace, we need to park a few things first. Let’s park the discussion about the legality of the cross-country protests for a moment. Let’s park the puzzling presence of the likes of Al Jazeera as a fitting commentator in the discussion (as in, “While it is obvious that the indigenous blockades occurring throughout Canada rattled the foundations of the current [Read more]
Oil rises as OPEC+ moves closer toward deeper output cut
Oil prices rose more than 1% on Wednesday on expectations that major producers have moved closer to an agreement to enact deeper output cuts aimed at offsetting the slump in demand caused by the coronavirus outbreak. U.S. West Texas Intermediate (WTI) futures rose by 53 cents, or 1.12%, to $47.71 a barrel, up for a third session. Brent crude rose by 58 cents, or 1.12%, to $52.44 a barrel at 0212 GMT, after settling down 4 cents in the previous session. Brent and WTI have each fallen [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. 3 INDUSTRIAL SERVICES OPERATOR - (ED4) Trican Well Service Ltd. Nisku Mar. 3 Application Developer Brunel North York Mar. 3 Payment [Read more]
Briko Energy Corp. Announces Director Appointment
Calgary, Alberta--(Newsfile Corp. - March 3, 2020) - Briko Energy Corp. ("Briko" or the "Corporation") is pleased to announce the appointment of David C. Anderson as a new member of the Board of Directors. Since 1993, Mr. Anderson has been the Chief Executive Officer of Winsome Capital Inc., a private venture capital firm. Mr. Anderson co-founded Dixie Energy Trust, Bison Resources and Outrider Resources and is currently the Executive Chairman of Ember Partners, a natural gas to power developer [Read more]
Heavy discount widens, remains in narrow range
Canadian heavy crude's discount widened versus the U.S. benchmark West Texas Intermediate (WTI) crude on Tuesday, but remained in a narrow range. Western Canada Select (WCS) heavy blend crude for April delivery in Hardisty, Alberta, was trading at $13.70 per barrel below WTI, according to NE2 Canada Inc, wider than Monday's settle of $13.45 under. Broad strength across Canadian grades indicates excess capacity on pipelines, with the upstream turnaround season beginning soon, milder weather [Read more]
CAODC applauds Alberta Government loan for well reclamation
The Canadian Association of Oilwell Drilling Contractors applauds the Alberta Government for extending a loan to the Orphan Well Association to speed up well reclamation and create jobs. Canada’s oil and gas service sector is in its sixth year of what will likely be regarded as the worst downturn in its history. Beginning in 2014 with a slide in commodity prices, a long stretch of poor policy decisions, cancelled infrastructure projects, misinformation, protests, blockades, and global [Read more]
Elected Wet’suwet’en councillor calls for inclusivity in consensus building over deal
VANCOUVER - A Wet'suwet'en elected councillor says she has "high hopes" that internal conflict over governance issues and a pipeline can be resolved respectfully but she's also concerned some members will not have a chance to participate in the decision on a proposed deal. Karen Ogen-Toews, a councillor of the Wet'suwet'en First Nation, said six elected councils have historically been excluded from negotiations over land rights and she hopes all Wet'suwet'en people have their say before [Read more]