International Petroleum Corporation (IPC or the Corporation) (TSX, Nasdaq Stockholm: IPCO) today released its financial and operating results and related management’s discussion and analysis (MD&A) for the three and nine months ended September 30, 2019. In addition, IPC is pleased to announce that it has sought approval from the Toronto Stock Exchange (the “TSX”) to commence a normal course issuer bid to repurchase its own common shares through the facilities of the TSX and Nasdaq [Read more]
Headlines
Montney Producer Implements World’s First Digital Completions Operating System – SmartPAD – in Canadian Fracking Operations
Cold Bore’s SmartPAD Completions Operating System, First to Deliver Real-time, Sensor-driven Tracking of Operations Data with Analytics. During Stage One Deployment, Montney Producer Recorded a 25% Increase in Wireline Runs, 10% Decrease in Wait Times and a Series of Major Safety Enhancements. CALGARY, AB - 29th October, 2019 - Cold Bore Technology Inc. (“Cold Bore”), a leader in completion optimization technology, announced today results from a year long partnership with a global energy [Read more]
Upcoming CAPL Courses and Lunch & Learns
Here is the upcoming list of courses offered by CAPL. For more information, click on a course link below or visit landman.ca Date Course Category Status Nov 05 2019 Contract Administration *Revamped Course Agreements and Contractual Issues open Nov 06 2019 A Refresher and Practical Guide to ROFR Issues Luncheon Agreements and Contractual Issues open Nov 14 2019 Drilling and Production Operations Technical Skills open Nov 20 2019 Principles of Contract [Read more]
Journey Energy Inc. Reports its Third Quarter 2019 Results and Announces Start of Trading on the OTCQX Market
CALGARY, Nov. 4, 2019 /CNW/ - Journey Energy Inc. (JOY – TSX) ("Journey" or the "Company") announces its financial and operating results for the three and nine month periods ending September 30, 2019. The complete set of financial statements and management discussion and analysis for the periods ended September 30, 2019 and 2018 are posted on www.sedar.com and on the Company's website www.journeyenergy.ca. THIRD QUARTER 2019 HIGHLIGHTS Achieved production of 9,445 boe/d in the third [Read more]
Surge Energy Inc. Announces Third Quarter 2019 Results
CALGARY, Nov. 4, 2019 /CNW/ - Surge Energy Inc. ("Surge" or the "Company") (TSX: SGY) announces its operating and financial results for the quarter ended September 30, 2019. Surge's large original oil in place ("OOIPi"), light and medium gravity crude oil asset base continues to outperform management's expectations. Surge's Q3/19 average production rate of 21,217 boepd contains virtually no contribution from the Company's Q3/19 drilling program, as drilling operations in the quarter did [Read more]
Jupiter Receives Additional Extension to Credit Facility
CALGARY, Nov. 4, 2019 /CNW/ - Jupiter Resources Ltd. and its affiliates (collectively, "Jupiter" or the "Company") have received an additional extension to the maturity date, associated with the Company's existing senior secured reserve-based revolving credit facility (the "RBL Facility"), until December 6, 2019. The commitments under the RBL Facility will be limited to a maximum of $265 million for the additional extension period, during which the Company will continue to negotiate a [Read more]
Gibson Energy Announces 2019 Third Quarter Results
Gibson Energy Inc. (“Gibson” or the “Company”) (TSX: GEI), announced today its financial and operating results for the three and nine months ended September 30, 2019. “Gibson continued to deliver strong, consistent operational and financial results in the third quarter, with the continued growth of long-term, high-quality cash flows from our Infrastructure segment while the contribution from Marketing meaningfully exceeded our expectations,” said Steve Spaulding, President and Chief Executive [Read more]
Heavy discount widens to fresh 11-month high due to Keystone pipeline shutdown
The discount on Canadian heavy crude widened versus U.S. benchmark West Texas Intermediate (WTI) crude on Monday, hitting a fresh 11-month high, as the shutdown last week of the Keystone oil pipeline made it harder to ship oil. Western Canada Select (WCS) heavy blend crude for December delivery in Hardisty, Alberta, was trading at $22.35 per barrel below WTI, according to Net Energy Exchange, a larger discount than Friday's settle of $22. The precise source of a leak on TC Energy Corp's [Read more]
Keystone oil pipeline in North Dakota remains closed, leak source unclear
The precise source of a leak on TC Energy Corp's Keystone oil pipeline in North Dakota has not yet been identified, a spokesman for the U.S. Pipeline and Hazardous Materials Safety Administration (PHMSA) said on Monday. There is no estimated timeline for restart of the pipeline and the company is continuing excavation work to isolate the affected part of the pipeline, the spokesman said by phone. Clean-up crews in Walsh County, North Dakota, have been working to plug the Keystone pipeline [Read more]
Oil prices creep higher on tentative U.S.-China hopes
Oil prices crept upwards on Monday, with Brent reaching its highest in more than a month after the previous day’s boost from growing expectations of a U.S.-China trade deal and Iran flagging OPEC discussions of a deeper output cut next month. December U.S. crude futures up 97 cents at $57.03 a barrel. Brent crude futures for January also swung back into positive territory, rising 80 cents to $62.49 a barrel by 1203 GMT, erasing earlier losses and reaching peaks last seen on Sept. [Read more]