Each week, XI Technologies scans their 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. The Alberta Energy Regulator’s Licensee Liability Rating (LLR) Directive 011 deemed liability values are the most commonly accepted measure of asset retirement obligation (ARO) in Alberta. Unfortunately, as we at XI Technologies [Read more]
Headlines
Sympathy for politicians? Maybe – consider their tool kit, the electoral freak show, and the stupefying demands and realities they face
Multi-election years are trying times for those that don't enjoy the game of politics. If one is immune to the charms of glad-handing and full-frontal bullshitting, exposure to the black art of politics at a minimum leads to dry heaves, and, in high enough concentrations, a stay in a hospital. Some feel otherwise; a university friend and I once debated the merits of choosing the political life. He defended the career path on the grounds that working for the public interest was a noble [Read more]
Cenovus releases 2018 environmental, social & governance report
CALGARY, Alberta, July 23, 2019 (GLOBE NEWSWIRE) -- Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) has published its 2018 environmental, social & governance (ESG) report detailing the company's progress in advancing environmental, health and safety performance, investing in and engaging with the communities where it operates and maintaining the highest standards of corporate governance. A number of Cenovus’s key performance indicators for land, air and water improved last year, partly due to [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 Jul. 23 Loader / Zoom Boom Operator Strike Group Airdrie Jul. 23 Loader / Zoom Boom Operator Strike Group Projects Jul. 23 OFA 3 / EMR Trojan Safety [Read more]
Pipestone Energy Corp. Announces a Midstream Transaction to Fund the Acceleration of a Three Well Completion Program to Delineate Its Eastern Montney Acreage
CALGARY, Alberta, July 23, 2019 (GLOBE NEWSWIRE) -- (PIPE – TSX-V) Pipestone Energy Corp. (“Pipestone Energy” or the “Company”) is pleased to announce it has entered into a strategic midstream transaction (the “Midstream Transaction”) with Tidewater Midstream and Infrastructure Ltd. (“Tidewater”). The initial capital to be received by Pipestone Energy from Tidewater pursuant to the Midstream Transaction will be deployed to accelerate a three-well completion program at its 9-14-71-07W6 (“9-14”) [Read more]
Tidewater Announces Pipestone Strategic Core-Area Acquisition and Associated 10-year Take-or-Pay Contracts, $75 Million Bought Deal Offering of Convertible Debentures and CEO’s Intention to Acquire Additional Shares
CALGARY, Alberta, July 23, 2019 (GLOBE NEWSWIRE) -- Tidewater Midstream and Infrastructure Ltd. ("Tidewater" or the "Corporation") (TSX:TWM) is pleased to announce that it: has entered into an agreement to acquire from Pipestone Energy Corp. ("Pipestone Energy"), a 100% working interest in a strategic 30 MMcf/d raw gas compression, 5,400 bbls/d condensate handling and associated water disposal battery (“Pipestone East Battery”) for total consideration of up to $30 million in cash (the [Read more]
Drilling forecast goes from bad to worse after slow start to summer deployments
CALGARY - The Canadian oilfield services sector is expected to continue to suffer as it enters the summer drilling season despite recent developments such as the approval of the Trans Mountain pipeline expansion and the election of a conservative government in Alberta. In a report that forecasts flat second-quarter financial results in the industry, RBC Dominion Securities analysts say they've cut their 2019 rig activity and well counts for this year by between six and eight per cent. [Read more]
Oil inches up amid Middle East tensions; frail demand outlook caps gains
Oil prices edged higher on Tuesday amid lingering concerns about possible supply disruptions in the Middle East, but an overall weaker demand outlook kept a lid on gains, helped by a vow by the International Energy Agency (IEA) to take swift action to keep global oil markets adequately supplied. West Texas Intermediate (WTI) crude futures were unchanged at $56.22 per barrel. Brent crude futures rose 4 cents to $63.30 a barrel by 0335 GMT. The international benchmark rose more than 1% in [Read more]
Cleanup crews on site after Baytex Energy pipeline leak in northeastern Alberta
CALGARY - Cleanup crews are on site in northeastern Alberta after an estimated 630 barrels of salty produced water leaked from a pipeline operated by Baytex Energy Corp. The Alberta Energy Regulator says the leak was reported last Wednesday. It says the pipeline on the site about 45 kilometres southeast of Peace River has been shut down to stop the flow. The regulator says there has been no affect on waterbodies or wildlife. It says AER staff have responded to the [Read more]
PrairieSky Announces 2019 Second Quarter Results
CALGARY, Alberta, July 22, 2019 (GLOBE NEWSWIRE) -- PrairieSky Royalty Ltd. ("PrairieSky" or the "Company") (TSX: PSK) is pleased to announce its second quarter ("Q2 2019") operating and financial results for the period ended June 30, 2019. PRESIDENT’S MESSAGE Second Quarter 2019 Highlights: Funds from Operations totaled $58.0 million ($0.25 per common share basic and $0.24 per common share diluted), consistent with Q1 2019 funds from operations of $57.8 million ($0.25 per common share [Read more]