CALGARY, July 31, 2018 /CNW/ - Canbriam Energy (Canbriam) announced today that it has sold some non-core Montney lands in Northeast British Columbia for total proceeds of C$50 million. The asset has no associated production and the disposition closed on July 30, 2018. "The disposition of non-core acreage supports the core development at our Altares Montney assets and the ongoing deleveraging of our balance sheet," said Paul Myers, Canbriam's President & Chief Executive [Read more]
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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. 31 Team Lead Maintenance - RIPET AltaGas Prince Rupert Jul. 30 Mechanical Engineer Canadian Natural Resources Calgary Jul. 30 Exchange Analyst Canadian [Read more]
Forecast calls for 500 fewer wells this year despite higher global oil prices
CALGARY - The Petroleum Services Association of Canada is cutting its 2018 Canadian drilling forecast by 500 wells as pessimism continues to grip the industry despite higher global oil prices. The organization says it now expects 6,900 oil and gas wells to be drilled this year, 200 fewer than were drilled in 2017, and nearly seven per cent less than its April forecast for 7,400. PSAC CEO Tom Whalen says revenue numbers for the petroleum services sector are up this year compared to last [Read more]
Utica Resources Announces Enhanced Offer to Acquire Junex Inc.
Junex Shareholders to Receive Premium Valuation and Opportunity to Participate in Additional Upside MONTREAL, July 31, 2018 /CNW/ - Utica Resources Inc. ("Utica") today announced that it has delivered to the Special Committee of the Board of Directors of Junex Inc. ("Junex") a revised offer (the "Offer") to acquire Junex. Under the terms of the Offer, Utica has presented Junex with two options to maximize value for all shareholders (the "Utica Transaction"). In the first alternative, each [Read more]
Baytex Reports Q2 2018 Results
CALGARY, Alberta, July 31, 2018 (GLOBE NEWSWIRE) -- Baytex Energy Corp. ("Baytex")(TSX, NYSE: BTE) reports its operating and financial results for the three and six months ended June 30, 2018 (all amounts are in Canadian dollars unless otherwise noted). “We continued to deliver on our operational and financial targets in the second quarter, which included strong drilling results in Canada and the Eagle Ford. In addition, we are excited to be moving forward with the proposed merger with Raging [Read more]
U.S. sees little impact from Keystone XL pipeline’s planned route
The Keystone XL crude oil pipeline project cleared a hurdle on Monday as the Trump administration said in a draft environmental assessment that an alternative route through Nebraska would not do major harm to water and wildlife. The State Department's assessment of a plan for an alternative route through Nebraska submitted by TransCanada Corp , the company trying to complete the pipeline, said Keystone XL's cumulative effects would be "minor to moderate" on issues including water and [Read more]
Hope for natural gas prices? Listless markets say no, but they said the same about oil two years ago
A funny thing happens to people psychologically when our society/culture/economy gets very good at providing something, particularly for a long period of time: we simply take it for granted and don’t even think about it anymore. Clean water is a good example; in advanced economies, we don’t think twice about whether it will be there tomorrow to shower in or cook our food or flush the toilet. If there is a good side to annual flood seasons, when we observe cars and houses floating down rivers at [Read more]
Pulse Oil Corp. announces increased production
CALGARY, July 30, 2018 /PRNewswire/ - Pulse Oil Corp. ("Pulse" or the "Company") (TSX-V: PUL and PUL.WT) announces the Pulse team has recently added approximately 100 barrels of oil per day by reactivating another previously shut-in well from Pulse's 100% owned Bigoray area oil assets. In addition, Pulse has reactivated associated facilities and pipelines as planned, increasing Pulse's daily production to approximately 300 BOE/D (70% oil and liquids), and importantly, re-commissioning important [Read more]
Prairie Provident Announces Successful Princess Drilling Update
CALGARY, Alberta, July 30, 2018 (GLOBE NEWSWIRE) -- Prairie Provident Resources Inc. ("Prairie Provident", "PPR" or the "Company") is pleased to provide an operational update on successful drilling and completion results from its core Princess area. Corporate average daily production based on field estimates for the week ending July 27, 2018 was approximately 6,000 boe/d (74% liquids), a 30% increase over average daily Q1 2018 production. Based on current and projected production rates, [Read more]
Vermilion Energy Inc. Announces Results for the Three and Six Months Ended June 30, 2018
CALGARY, July 30, 2018 /CNW/ - Vermilion Energy Inc. ("Vermilion", "We", "Our", "Us" or the "Company") (TSX, NYSE: VET) is pleased to report operating and condensed financial results for the three and six months ended June 30, 2018. The unaudited financial statements and management discussion and analysis for the three and six months ended June 30, 2018, will be available on the System for Electronic Document Analysis and Retrieval ("SEDAR") at www.sedar.com, on EDGAR at [Read more]