VICTORIA - The company that owns the natural gas pipeline that ruptured and burned earlier this month in central British Columbia says repairs should be complete by the middle of November. Enbridge says in a statement that work to fix the 91-centimetre pipeline is underway, and subject to regulatory approval, it should be back in service in November under reduced pressure. The pipeline ruptured on Oct. 9 at a rural location about 15 kilometres northeast of Prince George, causing an [Read more]
Headlines
Marksmen Announces Operational Update and Proposed Private Placement
CALGARY, Alberta, Oct. 19, 2018 (GLOBE NEWSWIRE) -- Marksmen Energy Inc. (TSX-V:MAH) (OTCQB:MKSEF) (“Marksmen” or the “Company”) is a 60% working interest partner in a Clinton Sandstone Horizonal (“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 well has been drilled and completed with a 12-stage fracking program. The final stage of remedial work, required due to technical difficulties encountered after [Read more]
Lacey: Stop being indifferent about differentials
There has been a lot of discussion of late in Alberta regarding the differentials and the impact on the energy industry. What surprised me was that most of the people whom I spoke with had a fundamental lack of knowledge of what exactly made up that differential. As such, it got me to sit down and try to put together a “Differentials 101” to help explain where we are today. The first thing that has to be answered is the question “what is a differential?” Simply stated, the differential is the [Read more]
Canada Weekly Rig Count Down 4 to 191
Western Canada’s fleet of drilling rigs decreased to a total of 191 according to data collected by Baker Hughes for the week of October 19th. From one week ago, Alberta rig counts went up 2 to 132. Saskatchewan's rig count decreased from 41 to 40. Oil drilling went from 127 to 123; natural gas rigs remained at 68. View a full breakdown of western Canada’s rig activity. [Read more]
U.S. rig count rises to highest since March 2015
U.S. drillers added oil rigs for a second week in a row this week, raising the rig count to the highest level since March 2015. Drillers added four oil rigs in the week to Oct. 19, bringing the total count to 873, General Electric Co's Baker Hughes energy services firm said in its closely followed report on Friday. The U.S. rig count, an early indicator of future output, is higher than a year ago when 736 rigs were active because energy companies have ramped up production to capture prices [Read more]
Bird River Resources Announces Resumption of Trading on the CSE
WINNIPEG, MB / ACCESSWIRE / October 18, 2018 / Bird River Resources Inc. (CSE: BDR) (the "Company") is pleased to announce that trading in the Company's common shares will resume at market open on Monday, October 22, 2018. During the halt trading period, the Company’s oil and gas operations have continued through its wholly-owned Alberta subsidiary, High Point Oil Inc. ("High Point"). High Point's drilling program has progressed successfully over the summer months and is now producing [Read more]
Shell’s name dropped from employee credit union as oilsands sale effects linger
CALGARY - Royal Dutch Shell's name is being removed from a tiny 65-year-old employee credit union as its visibility in the Alberta oil and gas industry continues to shrink in the wake of the sale of most of its oilsands assets last year. The rebranding of the Shell Employees' Credit Union as Spark the Energy Credit Union (a name chosen in part because the initials stay the same) was celebrated Thursday at its only branch on the main floor of Shell Canada's downtown Calgary headquarters. It [Read more]
Husky Energy Comments on MEG Directors’ Circular
No New Value Arguments in MEG Directors’ Circular Husky Reaffirms Commitment to Complete its Highly Compelling Offer Encourages MEG Shareholders to Act and Tender Shares CALGARY, Alberta, Oct. 18, 2018 (GLOBE NEWSWIRE) -- Husky Energy Inc. (TSX:HSE) (“Husky” or the “Company”) has reviewed the directors’ circular filed by MEG Energy Corp. (TSX:MEG) (“MEG”) in connection with Husky’s Offer to acquire MEG. “We continue to believe the proposed combination of Husky and MEG is a unique opportunity [Read more]
Trading in MEG mixed after it rejects Husky Energy’s hostile takeover bid
CALGARY - MEG Energy Corp. shares rose, fell and rose again Thursday morning after it formally rejected a hostile takeover offer from oilsands rival Husky Energy Inc. The target company said after markets closed Wednesday that the Husky offer is opportunistic and undervalues its assets and prospects, adding it intends to conduct a formal process that could identify a white knight to make a better offer. MEG shares rose by as much as 21 cents to $11 in morning trading on the [Read more]
Tidewater announces regulatory approval of Pipestone Montney Gas Processing Plant
CALGARY, Oct. 18, 2018 /CNW/ - Tidewater Midstream and Infrastructure Ltd. ("Tidewater" or the "Corporation") announces today that it received approval from the Alberta Energy Regulator to construct and operate the previously announced Pipestone Montney, Sour Deep-Cut Gas Processing Complex (the "Pipestone Plant"). The Pipestone Plant will be situated in the Pipestone area near Grande Prairie, Alberta and is designed to process approximately 100 MMcf/d of natural gas. "Tidewater is pleased [Read more]