NISKU, Alta. - More than a thousand trucks drove in a convoy south of Edmonton to protest the ailing state of the oil and natural gas industry. The convoy was part of a pro-pipeline rally featuring Opposition Conservative leader Andrew Scheer in Nisku, Alta. Laurie Ryan, of Laurlee Energy Services, says more pipeline capacity is needed to get Alberta energy products to world markets. Ryan says it is important to get fair market value for the benefit of families across Canada. Scheer [Read more]
Headlines
New natural gas producer members back $3-million gas clean tech program
CALGARY - An industry-sponsored fund designed to help develop clean technology using Canadian natural gas is launching a $3-million call for project proposals. The Natural Gas Innovation Fund says the call for applications, with a February deadline, is being made possible by the addition of seven western Canadian natural gas producers to a membership previously made up of six natural gas utilities. The new members include the Canadian branches of two partners in the proposed $40-billion [Read more]
Blackbird Energy Inc. Receives Strong Shareholder Support for Strategic Combination With Pipestone Oil Corp.
CALGARY, Alberta, Dec. 19, 2018 (GLOBE NEWSWIRE) -- (TSX-V: BBI) Blackbird Energy Inc. (“Blackbird” or the “Company”) is pleased to announce that its shareholders (the “Blackbird Shareholders”) have approved the previously announced strategic combination of Blackbird and Pipestone Oil Corp. (the “Transaction”) at a special meeting held today, by a majority of over 99% of votes cast. The Blackbird Shareholders also approved the continuance of Blackbird from British Columbia into Alberta (the [Read more]
Marksmen Announces Operational Update
CALGARY, Alberta, Dec. 19, 2018 (GLOBE NEWSWIRE) -- Marksmen Energy Inc. (“Marksmen” or the “Company”) is a 60% working interest partner in a Clinton Sandstone Horizontal (“CSH”) well drilled in Hocking County, Ohio. The operator of the well is Hocking Hills Energy and Well Services LLC of Ohio. The Leaman #1 CSH well has been drilled and completed with a 12-stage hydraulic fracturing program. The remedial work required due to technical difficulties encountered after the hydraulic fracturing [Read more]
North American market hit new lows for the year after the Fed hikes rates
TORONTO - North American markets hit lows for the year in the wake of the Federal Reserve's move Wednesday to increase interest rates and provide a more dovish outlook that didn't go far enough for investors. Markets were trading higher until the 2 p.m. announcement, after which they plunged to set new lows for the year before rising a bit but not enough to prevent the lowest closings so far in 2018. The moves were "massive" for about an hour, said Michael Currie, vice-president and [Read more]
Lacey: Where is the Equality in Equalization?
Yesterday I read the piece by Trevor Tombe in the Globe and Mail titled “Why equalization is not unfair to Alberta”. In the article Mr. Tombe goes into detail about the various transfer mechanisms that have been established by the Federal Government, and he knows far more than I would hope to on this particular topic. I will leave the debate regarding the mechanics of the system to people who are more apt and equipped to do so, and to whether the financial structures are fair or not. Below I [Read more]
Analysis of LMR data shows Alberta licensees may be entitled to millions in LMR Security Deposit refunds
XI Technologies has performed a quick analysis of potential LMR Security Deposit refunds and the results might surprise you. As most people in the oil and gas industry are aware, the Alberta Energy Regulator runs a Liability Management Rating (LMR) program. Under AER Directive 006, companies whose Licensee Liability Rating (LLR) – the ratio of deemed assets to deemed liabilities – is below 1.0 must submit an LMR Security Deposit. Over time, company positions and ownership can change and [Read more]
Terry Etam’s Open Letter to the Law Foundation of British Columbia regarding selective group funding
Dear Law Foundation, In chasing down the funding trail for the recent demand by Whistler's mayor for Canadian Natural Resources to compensate the resort for climate change, I came across a pronounced pattern in funding that is a bit odd. Your stated mission is "To advance and promote a just society governed by the rule of law, through leadership, innovation and collaboration." You support many worthwhile programs, particularly for groups that may not otherwise have access to legal aid, advice, [Read more]
Corridor Provides Update on Its Operations in New Brunswick
HALIFAX, Nova Scotia, Dec. 19, 2018 (GLOBE NEWSWIRE) -- (TSX - CDH): Corridor Resources Inc. (“Corridor”) is pleased to provide an update on its operations in New Brunswick. Update on Pricing, Additional Financial Hedges, Production and Guidance 2018/2019 In our press release dated November 13, 2018, Corridor announced the following financial hedges for the winter of 2018/2019: 2,500 mmbtupd of natural gas production at a fixed price of $US12.72/mmbtu for January 2019 and 2,500 mmbtupd at a [Read more]
Questerre provides corporate update
CALGARY, Alberta, Dec. 19, 2018 (GLOBE NEWSWIRE) -- Questerre Energy Corporation (“Questerre” or the “Company”) (TSX,OSE:QEC) reported on recent developments including the impact of a 325,000 barrel a day curtailment of oil production announced by the Government of Alberta. The curtailment does not apply to the Company’s condensate production in the province. Michael Binnion, President and Chief Executive Officer of Questerre, noted, ”We’re very pleased that the discount between condensate [Read more]