CALGARY - The Alberta oilpatch is applauding the provincial election win by Jason Kenney and his United Conservatives. The Canadian Association of Petroleum Producers offered congratulations and welcomed the UCP's commitment to making regulatory, economic and fiscal policy reforms. It says it endorsed UCP election promises to cut the corporate tax rate to eight per cent from 12 per cent, develop a natural gas strategy, reduce red tape and complete a review of the Alberta Energy [Read more]
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CAPP: The United Conservative Party commits to building a prosperous future for Alberta’s oil and natural gas industry
CALGARY, April 17, 2019 /CNW/ - The Canadian Association of Petroleum Producers (CAPP) would like to congratulate Jason Kenney and the United Conservative Party on its victory in the 2019 Alberta election. CAPP urged Albertans to vote with energy in mind, at the polls. And its Alberta Energy Platform advocated for a government focused on making Alberta one of the most attractive places in the world for oil and natural gas investment. There are many challenges facing the industry and [Read more]
Right-wing victory in Alberta may spell trouble for Trudeau
A right-wing, pro-energy party won a landslide victory in Canada's main oil-producing province of Alberta late on Tuesday, signaling momentum may be building against Prime Minister Justin Trudeau months ahead of a federal election in October.The United Conservative Party (UCP) trounced the left-leaning New Democratic Party (NDP) government by tapping into frustration over the economy and a struggling oil and gas industry. "Alberta is open for business!" UCP leader Jason Kenney [Read more]
XI Technologies: Could we have seen the 2014 downturn coming?
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. Last week, XI’s Word to the Wise article looked at how much our industry has consolidated since the downturn began in late 2014. This week’s article was to be a “Part 2” of that, focusing on the change in the volume of Crown land [Read more]
Global Petroleum Show Awards Nominee Announcement
WHAT: Awards Nominees Announcement WHAT IS AWARDS: The Awards Gala will bring together industry leaders for a night of celebration to recognize and honour accomplishments of companies, individuals, initiatives, projects and technologies on an international scale. WHO SHOULD ATTEND: All industry professionals, local and international, who support the leaders, innovators and collaborators who are disrupting the oil and gas industry. WHEN IS AWARDS: Tuesday, June 11 from 5:30 pm – 9:00 pm WHERE [Read more]
Tallinn Capital Energy Partners raises funds to support Western Canada junior oil and gas industry
Tallinn Capital Energy Partners is pleased to announce that it has successfully raised committed funds to support the junior oil and gas industry in Western Canada. As a successor fund to Tallinn Capital Mezzanine Limited Partnership, Tallinn’s team has built a successful track record of providing debt to junior companies in the Western Sedimentary Basin since 2002, and understand the challenges that have resulted from protracted low commodity prices, ongoing regulatory concerns, and pipeline [Read more]
Orange peeled: Jason Kenney’s UCP defeats NDP with majority in Alberta
The United Conservative Party under leader Jason Kenney has won a majority government in the Alberta election. Kenney jumped out front in early returns Tuesday in Alberta’s election, while Rachel Notley’s NDP was holding strong in Edmonton. The UCP were leading in rural ridings throughout the province and in some Calgary constituencies. It’s an election expected to define or, in the case of Kenney, redefine Alberta’s relationship with the federal government and specifically Prime [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 Apr. 16 Truck Loading Support Roska DBO Fort Saskatchewan Apr. 15 Operator AltaGas Dawson Creek Apr. 15 Environmental Specialist Vertex Carlsbad Apr. [Read more]
Bellatrix Announces Meeting Details In Connection With Recapitalization Transaction
CALGARY, Alberta, April 16, 2019 (GLOBE NEWSWIRE) -- Bellatrix Exploration Ltd. (“Bellatrix” or the “Company”) (TSX: BXE) announced today that the Ontario Superior Court of Justice (Commercial List) (the “Court”) has issued an interim order (the “Interim Order”) authorizing, among other things, the holding of the following meetings (collectively, the “Meetings”): (i) a meeting (the “Senior Unsecured Noteholders’ Meeting”) of holders of the Company’s outstanding 8.5% senior unsecured notes due [Read more]
Can the Montney WGI Be a Ouija Board for Gas Liquids?
Wet Gas Index as a Proxy for Liquids Richness? In this era of under-reported or unreported gas liquids production, could the Ethane+ also known as the C2+ Wet Gas Index (WGI) serve as a proxy to indicate liquids richness? The C2+ WGI could be useful as there are often more wells with gas analyses than with reported liquids production. To explore this idea, Upper Montney C2+ WGI values are compared with the condensate-gas ratio (CGR) and IP90 oil rates from Upper Montney producers. The C2+ [Read more]