Oil prices rose on Wednesday as prospects for a trade deal between the United States and China grew, weighing on the outlook for the global economy and energy demand. U.S. President Donald Trump said on Wednesday that the two countries were close to finalising a trade deal, but he fell short of providing a date or venue for the signing ceremony, disappointing investors. U.S. West Texas Intermediate crude was at $57.03, up 27 cents or 0.48%. Brent crude futures grew by 16 cents, or [Read more]
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XI Technologies: November 2019 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. Every few months, we like to take a look at expiring land 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 [Read more]
The Marten Hills Clearwater Oil Play: Robust Economics
Snappy Payouts and Returns In its short four-year life, the Clearwater cold flow heavy oil play at Marten Hills, Nipisi and Jarvie has gone from interesting land sales to producing 18,400 bopd (as of Sep 2019) (figure 1). Over 8 mmbo have been produced to September 2019. The main players are Spur and Deltastream, with Highwood, Cenovus and CNRL also active. The strong economics of each of the three main areas are key to the success of this play, though there are definite differences [Read more]
Vertex Resource Group Ltd. reports third quarter 2019 results
Sherwood Park, Alberta, November 12th, 2019 (TSXV:VTX) - Vertex Resource Group Ltd. (“Vertex” or the “Company”) reports its financial and operational results for the three and nine months ending September 30, 2019, with comparisons to the same periods in 2018. The following operational and financial highlights should be read in conjunction with the Management Discussion and Analysis (“MD&A”) and the interim consolidated financial statements and notes thereon of Vertex for the three and nine [Read more]
Petrus Resources Announces Third Quarter 2019 Financial & Operating Results
CALGARY, Alberta, Nov. 13, 2019 (GLOBE NEWSWIRE) -- Petrus Resources Ltd. (“Petrus” or the “Company”) (TSX: PRQ) is pleased to report financial and operating results as at and for the three and nine months ended September 30, 2019. Petrus is focused on generating free funds flow for debt repayment and further development of its Ferrier Cardium asset to increase light oil and total liquids weighting. The Company's Management's Discussion and Analysis ("MD&A") and interim consolidated [Read more]
Prairie Provident Resources Announces Third Quarter 2019 Financial and Operating Results
CALGARY, Alberta, Nov. 13, 2019 (GLOBE NEWSWIRE) -- Prairie Provident Resources Inc. ("Prairie Provident", "PPR" or the "Company") is pleased to announce its operating and financial results for the three and nine months ended September 30, 2019. PPR’s consolidated financial statements ("Financial Statements") and related Management's Discussion and Analysis ("MD&A") for the three and nine months ended September 30, 2019 are available on our website at www.ppr.ca and filed on SEDAR. Prairie [Read more]
Tidewater Midstream and Infrastructure Ltd. Announces Third Quarter 2019 Results and Operational Update
CALGARY, Nov. 13, 2019 /CNW/ - Tidewater Midstream and Infrastructure Ltd. ("Tidewater" or the "Corporation") (TSX: TWM) is pleased to announce that it has filed its condensed interim consolidated financial statements and Management's Discussion and Analysis ("MD&A") for the three and nine-month period ended September 30, 2019. THIRD-QUARTER 2019 FINANCIAL PERFORMANCE Recent Highlights Tidewater generated strong Adjusted EBITDA in the third quarter of 2019 of $25.5 [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. 12 Emergency Response Lead Brunel North Vancouver Nov. 8 Field Operator Roska DBO Fort St. John Nov. 8 Gas Plant Operator Roska DBO Grande [Read more]
Alberta premier says proposal to pull out of CPP due to hostility from others
KANANASKIS, Alta. - Premier Jason Kenney is defending his idea that Alberta could pull out of the federal pension plan by saying times have changed. He says bold action is needed because of unprecedented hostility from the federal and some provincial governments that are actively blocking Alberta's economic future. Kenney didn't campaign in the spring election on leaving the Canada Pension Plan and setting up a provincial one, but says Albertans would get a say through a referendum. On [Read more]
Point Loma Resources Announces Second Delineation Well to Spud at Wizard Lake and Commencement of Facilities Expansion
Point Loma Resources Ltd. (TSXV:PLX) ("Point Loma" or the "Corporation") is pleased to announce the upcoming drilling of the second delineation well at Wizard Lake and the expansion of production facilities. Highlights Partner Salt Bush Energy Ltd. ("Salt Bush") has elected to drill the second farm-out well under the Wizard Lake farm-out agreement and intends to spud the HZ 13-4-48-27W4 well in mid-November. Salt Bush will incur 100% of the costs to drill, complete and equip the 13-4 [Read more]