CALGARY - Return Energy Inc. ("Return" or the "Company") (RTN: TSXV) is pleased to announce that it has entered into a definitive reorganization and investment agreement (the "Agreement") with Fotis Kalantzis and Richard F. McHardy (the "Initial Investors") which provides for: (i) a non-brokered private placement for gross proceeds of up to $25.0 million (the "Private Placement"); and (ii) the appointment of a new management team (the "New Management Team") and new board of directors (the "New [Read more]
Headlines
Prairie Provident Announces Successful Princess Drilling Update
CALGARY, Alberta, Nov. 21, 2019 (GLOBE NEWSWIRE) -- Prairie Provident Resources Inc. ("PPR" or the "Company") (TSX:PPR) announces an operational update highlighting the successful initial results from a new well in the Company’s core Princess operating area. Princess Area New Well Results PPR’s latest 102/08-04-021-11W4 well is the Company’s seventh successful Lithic Glauconite well drilled in the last two years in the Princess area. Starting November 16, 2019, the Princess well flowed for 93 [Read more]
The Pride Of The Fleet: “Eva Marie” A Boom With A Cause
Introducing “Eva Marie” our newest custom built side boom ready for work! This unit will be the first to site and the last back to the yard with 100% of the proceeds from every hour worked going to breast cancer research and individuals battling breast cancer! We would like to challenge our clients to match our donation when “Eva Marie” is on YOUR project! NTL Pipelines is a privately owned pipeline, facility and fabrication service company located in Grande Prairie Alberta, proudly servicing [Read more]
WATCH: Rex Murphy interviews Jason Kenney
Rex sits down with the Premier of Alberta to unpack the challenges facing the province and to discuss the Premier's strategies and vision to restore Canada's central economic engine. [Read more]
Encana CEO defends plan to move HQ to Denver after investor criticism
CALGARY - The CEO of Encana Corp. is firing back after Canadian investment manager Letko, Brosseau & Associates Inc. said it would vote its four per cent stake against the Calgary-based company's planned headquarters move to Denver. Doug Suttles, a Texan who lives in Denver, says the company is "disappointed" by the investor's stance against what he says is a "crystal clear" rationale to expose the company to growing pools of investment from U.S. index funds and passively managed [Read more]
Non-Core Property Divestiture: Thorsby, Sundance, Knopcik/Elmworth & Greater Boundary Lake Areas
Sayer Energy Advisors has been engaged to assist a senior oil and natural gas exploration and production company (the “Company”) with the sale of certain non-core oil and natural gas properties located in the Thorsby, Sundance, Knopcik/Elmworth and Greater Boundary Lake areas of Alberta (the “Properties”). The Properties consist of non-operated and operated working interests and royalty interests. Production net to the Company from the Properties in the first half of 2019 averaged [Read more]
Pembina Pipeline Corporation Receives Canadian Competition Bureau Approval for the Proposed Acquisition of Kinder Morgan Canada
CALGARY - Pembina Pipeline Corporation ("Pembina" or the "Company") (TSX: PPL; NYSE: PBA) is pleased to announce that it and Kinder Morgan Canada Limited ("Kinder Morgan Canada") (TSX:KML) have received a "no-action letter" from the Canadian Competition Bureau confirming that the Commissioner of Competition does not intend to challenge the proposed acquisition by Pembina of Kinder Morgan Canada's outstanding common equity by way of a statutory arrangement under the Business Corporations Act [Read more]
XI Technologies: “The industry is in this together”: A summary of the ARO Best Practices Leadership Panel
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. Last week, XI Technologies hosted a room full of oil and gas industry leaders to discuss plans of action with Asset Retirement Obligations. XI assembled a panel of experts within the industry covering best practices for ARO from the [Read more]
Fee Title Divestiture: Wembley area, Alberta
NuVista Energy Ltd. (“NuVista”) will be entertaining offers for its fee title interests in the Wembley area of Alberta (the “Asset”). The Asset is composed of 5 separate blocks with cumulative land of ~1,880 hectares (approximately 7.25 sections) and current production of ~158 boe/d (46% liquids) and YTD2019 CF ~$1.0MM. Much of the Assets are in areas with significant Montney development. Additional zones with recent activity include the Charlie Lake and Doig formations. A package of more [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 Nov. 19 Correspondence Controller Brunel Calgary Nov. 19 HSSE Data Specialist Brunel Calgary Nov. 18 Environmental Technician (Air [Read more]