SURREY, B.C. - The natural gas supply is improving for British Columbia, but FortisBC Energy Inc. is still asking its residential and business customers to conserve ahead of the two coldest months of the year. Fortis says in a news release that measures to boost its natural gas supply, warmer than average weather and an announcement from Enbridge that it will increase its pipeline pressure are all increasing the supply. The Enbridge pipeline that exploded and burned last month near Prince [Read more]
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Amherst Announces September 30, 2018 Reserve Report
Amherst Energy Inc. (Amherst) is a private Calgary based oil and gas exploration company. Amherst today reported that an independent engineering evaluation conducted on Amhest’s three (100 % WI) key properties, Morgan, Lloydminster and Leo, resulted in an estimated total proven plus probable reserves of 2.617 million barrels oil with a before tax NPV @ 10% DCF of $39.176 million, with 25 proven undeveloped and 9 probable undeveloped oil drilling locations on Amherst’s lands. The evaluation [Read more]
Alberta in ‘crisis’ over low oil price: Prime Minister Justin Trudeau
CALGARY -- Prime Minister Justin Trudeau says Alberta is in a crisis as the province's oil is being sold at a discount of about $45 a barrel. Speaking in Calgary as pro-oil protesters shut down part of the city's downtown, Trudeau says he understands people in Alberta are having a tough time. Alberta Premier Rachel Notley says the oil price gap is costing the Canadian economy $80 million a day. The province's oil is selling much lower than West Texas Intermediate in the United States [Read more]
2,000+ protest Trudeau at pro-pipeline rally in Calgary
Prime Minister Justin Trudeau today is 'listening' to the concerns of Canada's oil and gas industry by making an appearance in Calgary. Sure enough, there is a large protest occurring outside the Hyatt hotel - where Trudeau is set to put his best 'listening' skills to work. The protest's organizers see his presence as an opportunity to tell the Prime Minister Canadians deserve better. Protests out front of @Hyatt awaiting to hear @JustinTrudeau speak #albertastrong #aboilandgas #serviceco [Read more]
Pieridae Energy Announces Third Quarter Results and Provides an Update on the Ikkuma Arrangement
CALGARY, Alberta, Nov. 22, 2018 (GLOBE NEWSWIRE) -- Pieridae Energy Limited (“Pieridae”) (PEA - TSXV) is pleased to announce that it has filed its third quarter unaudited condensed interim financial statements and related management’s discussion and analysis (“MD&A”) for the three- and nine-month periods ended September 30, 2018. Pieridae is a reporting issuer or the equivalent in British Columbia, Alberta and Québec. It is listed on the TSX Venture Exchange under the symbol PEA. Pieridae's [Read more]
Premier Rachel Notley unveils carbon tax break for drilling companies
CALGARY - Alberta Premier Rachel Notley is handing out tax breaks for oil and gas drillers along with criticism of Ottawa's lack of appreciation for how damaging are current price discounts on western Canadian oil. In a speech at a Canadian Association of Oilwell Drilling Contractors event in Calgary, she announced her government would add oil and gas drilling to a list of trade-exposed industries exempt from the province's carbon tax. The exemption, made retroactive to when the [Read more]
Alberta may go it alone to buy trains to move more crude – premier
Alberta is willing to buy trains itself and help clear a backlog of crude oil in the Canadian province if the Canadian government decides not to share costs, Premier Rachel Notley said on Thursday. Notley, speaking in Calgary to oil well drillers, said Alberta has asked Prime Minister Justin Trudeau's government to share costs of adding rail capacity to move an additional 120,000 to 140,000 barrels per day. Notley said Alberta has not received an answer from Ottawa. "Ottawa needs to join [Read more]
Questerre Energy: Second Kakwa North well tests at over 2,700 boe/d
CALGARY, Alberta, Nov. 22, 2018 (GLOBE NEWSWIRE) -- Questerre Energy Corporation (“Questerre” or the “Company”) (TSX,OSE:QEC) reported today the test results from the second well at Kakwa North. The operator recently completed the second farm-in well, 100/01-04-64-6W6M well (the "01-04 Well"), with a 2900m horizontal leg in the Montney Formation. During the last 24 hours of a 200-hour production test, the 01-04 Well flowed 9.8 MMcf/d of natural gas and 1,124 bbls/d of condensate (2,770 boe/d). [Read more]
Federal government considering proposal to buy rail cars to move stranded crude
Canada's federal government is considering a proposal from Alberta to share the cost of buying rail cars to move oil stuck in the region because of a lack of pipeline capacity, said two sources with direct knowledge of the matter. The lack of pipelines has caused Western Canadian oil producers to struggle to move oil to refineries in the United States, resulting in record low prices for Canadian crude. That has prompted the Alberta government to take urgent measures to shore up the industry, [Read more]
How Voltage connected their data to Petro Ninja to help deliver best in class service
Voltage Wireline is a Calgary based wireline company with offices in Calgary, Brooks, Red Deer, Whitecourt, and Grande Prairie. Over the past 5 years, they have completed more than 15,000 jobs and accumulated data (documents, logs, analysis, notes) for each well they’ve worked on. All this data is stored in an electronic well folder system, allowing Voltage to track the multiple jobs and observations for each individual well. Though valuable, well folder systems can be slow and cumbersome to [Read more]