Part 1: What Are the Challenges Importance of hydraulic fracturing to industry The shale hydrocarbon reservoirs compromise a significant portion of the total unconventional resources in Canada. Duvernay and Montney are the principal western Canadian shale plays which have been estimated to have over 600 trillion cubic feet of natural gas and 5 billion barrels of oil of technically recoverable resources. Other major shale plays in Canada are the Horton Bluff Shale of New Brunswick and Nova [Read more]
Headlines
Delays at Sturgeon Refinery add to Alberta heavy oil price discount woes
CALGARY - A new refinery touted as part of the solution to Alberta's oversupply of heavy oil likely won't begin processing oilsands bitumen until year-end, several months later than expected. That means 80,000 barrels per day of diluted bitumen that would have been delivered to the $9.7-billion Sturgeon Refinery near Edmonton is instead joining the queue to be placed on overcrowded pipelines leaving the province. Multiple equipment failures have prevented the expected mid-2018 startup of [Read more]
Prairie Provident Confirms Shareholder Consent Process for Acquisition of Marquee Energy Ltd.
CALGARY, Alberta, Nov. 13, 2018 (GLOBE NEWSWIRE) -- Prairie Provident Resources Inc. ("Prairie Provident" or the "Company") (TSX:PPR) is pleased to confirm that, in connection with its previously-announced acquisition of Marquee Energy Ltd. ("Marquee"), the Company elected to obtain requisite approval of the Prairie Provident shareholders by written consent. The acquisition is proposed to be completed by way of statutory plan of arrangement under section 193 of the Business Corporations [Read more]
Storm Resources Ltd. (“Storm” or the “Company”) is Pleased to Announce Its Financial and Operating Results for the Three and Nine Months Ended September 30, 2018
CALGARY, Alberta, Nov. 13, 2018 (GLOBE NEWSWIRE) -- Storm has also filed its unaudited condensed interim consolidated financial statements as at September 30, 2018 and for the three and nine months then ended along with Management’s Discussion and Analysis (“MD&A”) for the same period. This information appears on SEDAR (www.sedar.com) and on Storm’s website (www.stormresourcesltd.com.) Selected financial and operating information for the three and nine months ended September 30, 2018 [Read more]
Energy Companies Gear up for Winter Construction with All-Weather Road-Building Materials.
Access to Energy Resources has Immense Challenges in Winter Conditions. In late fall, wet, muddy conditions can slow down access to energy sources in Western Canada’s oil sands region—making access by heavy trucks and equipment nearly impossible. So, energy companies wait for frozen ground before ramping back up on production. Even in winter, access to remote oil sites creates challenges—undeveloped roads, poor soil conditions and limited road building resources. Companies have relied on [Read more]
Cardium Light Oil, Drill Ready Prospect Available to Industry
Highlights: 12.5 sections (8,000 gross acres; 7,552 net). Average working interest across all lands is 94%. 100% owned existing surface lease with facilities and adjacent high grade road & NG pipeline tie-in, including a vertical Cardium Fm. producing oil well (7-12-59-25W5) Pad drilling from up to 5 existing surface leases allows for up to 23 horizontal locations (@ 4 wells per section spacing) with year-round access. Infrastructure and available capacity also in place. [Read more]
Recover Announces Successful Start Up of the Lodgepole Oilfield Waste Management Facility
Calgary, Alberta – November 14, 2018 – Recover Energy Services Inc. (“Recover”), is pleased to announce the opening of its first Oilfield Waste Management Facility in Lodgepole, Alberta. This facility is the culmination of ten years of research and development and will offer upstream oil and gas companies a cost competitive and more environmentally sustainable alternative to Class II landfills. This facility will provide a valuable service for our customers in the region and serve as [Read more]
Husky Energy Deploys Ambyint’s AI Technology across Rainbow Lake Field and Demonstrates Impact That IIoT Can Have on Operational Excellence in Oil & Gas
CALGARY, Alberta--(BUSINESS WIRE)--#AI--Ambyint, the emerging leader in AI-driven artificial lift and production optimization, in conjunction with Spartan Controls, Western Canada’s leading provider of industrial automation, today announced Husky Energy’s commitment to deploy its technology on all its wells in Rainbow Lake. The announcement comes after successful pilot deployments of Ambyint’s IIoT (Industrial Internet of Things) -enabled edge controllers and leading to full field [Read more]
Delphi Energy Corp. Reports Third Quarter 2018 Results
CALGARY, Alberta, Nov. 13, 2018 (GLOBE NEWSWIRE) -- Delphi Energy Corp. (“Delphi” or the “Company”) is pleased to announce its financial and operational results for the quarter ended September 30, 2018. Third Quarter 2018 Highlights Achieved the Company’s production guidance for the third quarter, producing 9,514 barrels of oil equivalent per day (“boe/d”) compared to 9,313 boe/d in the comparative quarter of 2017, despite curtailment of approximately 800 boe/d due to unscheduled third [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 Nov. 13 Business Systems Analyst- Accounting & Finance ARC Resources Calgary Nov. 12 Senior Tax Analyst TransCanada Calgary Nov. 9 New Graduate Business [Read more]