It was the best of times, it was the worst of times. A quote from Dickens, yes, but also could describe the fall of the oil and gas industry that happened recently in Calgary. When the industry went belly up, putting the city into a deep recession, many businesses found themselves cleaning house, going on a hiring freeze, and even for some, shutting their doors altogether. However, one company, Trialta projects, a nimble EPC firm, managed to weather the storm when most were battening [Read more]
Headlines
XI Technologies: May 2019 Expiring Land Report – Are there opportunities for you?
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 This week let's take a look at expiring lands. According to AssetBook data, these are the top 25 companies with expiring lands over the next 12 months. From this data, AssetBook allows you to easily identify and rank expiring [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 May. 18 PARTS PERSON Trican Well Service Ltd. Hinton May. 17 Manager of Operations Blade Energy Services Corp Swan Hills May. 17 General Administrator Roska [Read more]
Regulator investigating high gas prices in B.C. has power to examine gouging
VICTORIA - British Columbia's independent energy regulator will have the power to call oil company representatives as witnesses into an investigation of high gasoline prices in the province. Premier John Horgan has tasked the B.C. Utilities Commission to examine the market factors that affect wholesale and retail gas prices, and he wants a report by Aug. 30. Gas prices hovering around $1.70 per litre in the Metro Vancouver area have been the highest in Canada for several months. Horgan [Read more]
Full house: Alberta UCP members sworn in at legislature, joining NDP members
EDMONTON - It's officially a full house at the Alberta legislature. The 63 members of the United Conservative caucus, including Premier Jason Kenney, have been sworn in at the legislature. They join 24 members of the Opposition NDP caucus, including leader Rachel Notley, who were sworn in last week. Next up is the election of a new Speaker, followed on Wednesday by the Speech from the Throne and the first piece of legislation. Kenney has promised Bill 1 would repeal the provincial [Read more]
Prairie Provident Secures Option to Acquire Additional Princess Acreage and Updates Corporate Presentation
CALGARY, Alberta, May 21, 2019 (GLOBE NEWSWIRE) -- Prairie Provident Resources Inc. ("Prairie Provident", "PPR" or the "Company") confirms that the Company has entered into an agreement securing an exclusive option to acquire up to 21 additional sections of land in the Princess area by year-end. The Company’s net undeveloped land holdings in the Princess area will be expanded to a total of 48,582 acres if the option is fully exercised, further increasing PPR’s inventory of high-quality Lithic [Read more]
Bonterra Energy Corp. Announces Update to Credit Facilities
CALGARY, May 21, 2019 /CNW/ - Bonterra Energy Corp. (www.bonterraenergy.com) (TSX: BNE) ("Bonterra" or the "Company") today announces that following the annual review of its credit facilities, Bonterra management and Board of Directors have determined, along with the bank syndicate, that amending the credit facilities will better reflect the Company's current operating needs and strategy. The amended credit facilities are comprised of a $300 million syndicated revolving credit facility [Read more]
Canadian Natural Resources Limited Announces Normal Course Issuer Bid
CALGARY, Alberta, May 21, 2019 (GLOBE NEWSWIRE) -- Canadian Natural Resources Limited ("Canadian Natural") announced today that the Toronto Stock Exchange has accepted notice filed by Canadian Natural of its intention to make a Normal Course Issuer Bid (“NCIB”) through the facilities of the Toronto Stock Exchange or other alternative Canadian trading systems. Purchases may also be made through the facilities of the New York Stock Exchange. The notice provides that Canadian Natural may, during [Read more]
Carbon tax, desk-thumping on agenda in upcoming Alberta legislature session
EDMONTON - Alberta Premier Jason Kenney's government heads to the legislature this week to make noise with an ambitious legislative agenda while trying to keep a hush on daily affairs. Kenney has promised what he calls a "spring of renewal" in the first sitting since his United Conservatives beat Rachel Notley's NDP in the April 16 election. He and his 62 fellow UCP caucus members are to be sworn in as legislature members Tuesday, followed by a throne speech Wednesday and introduction of a [Read more]
Canada Weekly Rig Count Remains Unchanged at 63
Western Canada’s fleet of drilling rigs stayed at 63 according to data collected by Baker Hughes for the week of May 17th. From last Friday, Alberta rig counts went from 42 to 43. Saskatchewan's rig count declined from 2 to 1. Oil drilling went stayed at 22; natural gas rigs remained at 41. View a full breakdown of western Canada’s rig activity. [Read more]