FREDERICTON - A major player in natural gas development in New Brunswick is making plans for new wells if the province's new Tory government follows through on a pledge to lift a moratorium on fracking. Corridor Resources currently has 32 producing wells in the Sussex area and operates a 50 kilometre pipeline, a gathering system comprising 15 kilometres of pipe, and a natural gas processing facility. The company wants to expand but the previous Liberal government imposed a moratorium in [Read more]
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Prairie Provident Announces Successful Evi Drilling Update
CALGARY, Alberta, Nov. 19, 2018 (GLOBE NEWSWIRE) -- Prairie Provident Resources Inc. ("PPR" or the "Company") (TSX:PPR) announces an operational update on successful drilling and completion results from its core Evi area in the Peace River Arch. Evi Drilling Exceeds Expectations As part of its light-oil Granite Wash drilling program, PPR recently drilled four exploration wells in its core Evi area. Two of the wells were successful, with an initial combined swab/flow test rate of about 300 bopd [Read more]
Point Loma Resources Announces Receipt of Well Licenses and Commencement of Drilling Program
CALGARY, AB / ACCESSWIRE / November 19, 2018 / Point Loma Resources Ltd. (TSX VENTURE: PLX) (the "Corporation" or "Point Loma") is pleased to announce, further to the Corporation's recent entrance into the Rex (Upper Mannville) oil play in the Leduc area of Alberta and additional work-up of a new Lower Mannville oil pool opportunity to the south of its existing Paddle River development, it has now received two well licenses, has commenced lease building activities in the field and intends to [Read more]
Saturn Oil & Gas Announces 1,000 bbls/d Production Rate and Provides Operational Update
SASKATOON, Saskatchewan, Nov. 19, 2018 (GLOBE NEWSWIRE) -- Saturn Oil & Gas Inc. (“Saturn” or the “Company”) (TSX.V: SOIL) (FSE: SMK) is pleased to announce that with the success of the recent drill program the Company has achieved a production rate of 1,000 bbls/d. Additionally, the Company has commenced drilling its Q4 of 2018 Viking horizontal program. Saturn currently has 16 gross (14 net) producing Viking horizontal wells and anticipates drilling 18 additional 100% working interest [Read more]
Canada Weekly Rig Count Up 1 to 197
Western Canada’s fleet of drilling rigs increased to a total of 197 according to data collected by Baker Hughes for the week of Novmeber 16th. From one week ago, Alberta rig counts went up 1 to 137. Saskatchewan's rig count increased from 37 to 39. Oil drilling went from 117 to 118; natural gas rigs remained at 79. View a full breakdown of western Canada’s rig activity. [Read more]
U.S. drillers add oil rigs for fifth week in six -Baker Hughes
U.S. energy firms this week added oil rigs for a fifth time in six weeks, keeping the rig count at its highest in over three years and crude production from shale basins at a record high.Drillers added two oil rigs in the week to Nov. 16, bringing the total count to 888, still the highest level since March 2015, General Electric Co's Baker Hughes energy services firm said in its closely followed report on Friday. After rig additions stalled at five during the third quarter, drillers [Read more]
Strategic Oil & Gas Ltd. Announces Third Quarter 2018 Financial and Operating Results
CALGARY, Alberta, Nov. 16, 2018 (GLOBE NEWSWIRE) -- Strategic Oil & Gas Ltd. (“Strategic” or the “Company”) (TSXV: SOG) is pleased to report financial and operating results for the three and nine months ended September 30, 2018. Detailed results and additional information are presented in Strategic's interim condensed consolidated financial statements and related Management's Discussion and Analysis ("MD&A") which will be available through the Company's website at www.sogoil.com and on [Read more]
Hello Ontario: Access Mat Provider, TerraPro Expands into Eastern Canada
TerraPro enters Ontario with a host of access matting services. Mount Albert, Ontario – November 2018TerraPro Inc, Canada’s second largest remote access matting company has officially opened their doors to the Ontario market with the creation of TerraPro East Inc. Through TerraPro East Inc, the company now offers access matting sales, rentals, and logistics to energy and utility companies within Ontario. They have also finalized an agreement with the International Union of Operating [Read more]
Questerre Doubles Kakwa Land Position
CALGARY, Alberta, Nov. 16, 2018 (GLOBE NEWSWIRE) -- Questerre Energy Corporation (“Questerre” or the “Company”) (TSX,OSE:QEC) reported today that it has completed a major expansion of its core acreage in the Kakwa area. The Company has acquired 34 (17 net) sections for the Montney Formation immediately offsetting its producing acreage at Kakwa and its acreage at Kakwa North. The lands are subject to an industry standard gross overriding royalty. Subject to the drilling of additional wells [Read more]
Questerre reports third quarter 2018 results
CALGARY, Alberta, Nov. 15, 2018 (GLOBE NEWSWIRE) -- Questerre Energy Corporation (“Questerre” or the “Company”) (TSX,OSE:QEC) reported today on its financial and operating results for the third quarter ended September 30, 2018. Michael Binnion, President and Chief Executive Officer of Questerre, commented, “We were very pleased with the results from the first farm-in well at Kakwa North. The second well is being tested and a third farm-in well could spud early next year. By this time next year, [Read more]