Wildfire is a reality in Alberta’s forests and grasslands and the impacts on oil and gas industry can be harsh and far reaching, as evidenced by many of the significant wildfires of the last 10 years. From the high-profile fires of Slave Lake, Fort McMurray and the massive fires of BC, to the many low-profile wildfires that have impacted oil and gas facilities, threatened personnel and even delayed production. As the impacts of these wildfires have taken their toll, the Government of Alberta has [Read more]
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Blackbird Energy Inc. Closes CDE Flow-Through Equity Financing for Gross Proceeds of $2.3 Million
CALGARY, Alberta, Oct. 10, 2018 (GLOBE NEWSWIRE) -- (TSX-V: BBI) Blackbird Energy Inc. (“Blackbird” or the “Company”) is pleased to announce that it has closed the second tranche of its previously announced non-brokered private placement by issuing 6,249,181 common shares ("Shares") on a "flow-through" basis in respect of Canadian Development Expenses ("CDE") at a price of $0.37 per Share, resulting in gross proceeds of $2.3 million (the "CDE Private Placement"). Proceeds from the CDE Private [Read more]
National Energy Board responds to Enbridge gas pipeline rupture
CALGARY, Oct. 10, 2018 /CNW/ - The National Energy Board (NEB) has deployed staff to the area of a sweet natural gas pipeline rupture on the Enbridge transmission pipeline near Prince George, B.C. Their role will be to oversee the company's response and to work with other emergency response agencies on site. Enbridge has indicated that the 36 inch pipeline ruptured at approximately 5:30 pm PDT on October 9 in a remote area, and no injuries have been reported. Residents of the nearby Lheidli [Read more]
Encana CEO says carbon taxes cost $100,000 per well in northeastern B.C.
The CEO of Encana Corp. says government policy is making Canada an increasingly uncompetitive place to drill for oil and gas. Doug Suttles says it costs his company about $100,000 in carbon taxes on the diesel required to drill and complete each well in northeastern British Columbia, a cost his competitors in similar plays in the United States do not pay. He told the Energy Roundtable conference in Calgary that Encana's wells produce clean-burning natural gas which is then processed in one [Read more]
World’s largest traders see oil at $65-$100 a barrel next year
LONDON (Reuters) - The world’s biggest trading houses said on Wednesday they saw oil prices not falling below $65 per barrel and possibly breaking above $100 next year as U.S. sanctions on Iran reduce crude exports from the Islamic republic. Oil has rallied this year on expectations the sanctions, coming into force on Nov. 4, will test the ability of the Organization of the Petroleum Exporting Countries and others to fill the supply gap as shipments from OPEC member Iran decline. Brent [Read more]
ISH Energy Ltd.: Non-Core Property Divestiture
Sayer Energy Advisors has been engaged by ISH Energy Ltd. (“ISH” or the “Company”) to assist with the sale of certain non-core assets located in the Kirby and Cecilareas of Alberta and the Edam area of Saskatchewan (the “Properties”). In the Kirby area of Alberta, ISH holds the P&NG rights from surface to basement, or from surface to the base of the Mannville Group, in 108.25 sections of Crown land, excluding the oil sands rights in the Wabiskaw and McMurray formations. ISH holds a 100% [Read more]
Prosper Petroleum Ltd – Meota Lake heavy oil property sale
Prosper Petroleum Ltd. has retained CB Securities Inc. as its exclusive advisor for the sale of the Meota Lake heavy oil property. Highlights 81% to 100% working interest in 3,200 contiguous acres Large heavy oil OOIP of ~118 MMBbls on interest lands It is only recently that the technology to produce this heavy oil has been utilized in the Lloydminster heavy oil area Prosper commenced development in the area in 2011 with horizontals Learning curve for Prosper, but Serafina [Read more]
Obsidian Energy Announces Operational Update and Investor Day Details
CALGARY, Oct. 10, 2018 /CNW/ - OBSIDIAN ENERGY LTD. (TSX – OBE, NYSE – OBE.BC) ("Obsidian Energy", the "Company", "we", "us" or "our") is pleased to announce an operational update and timing details for our third quarter results and Investor Day. Operational Update Obsidian Energy is on track to deliver meaningful 2019 light oil production growth from our Willesden Green Cardium program. The second half 2018 Cardium drilling program has been evaluated across a range of pricing and crude [Read more]
Most residents allowed home after pipeline explosion near Prince George, B.C.
PRINCE GEORGE, B.C. - Most residents of a northern B.C. community are being allowed back into their homes after a gas pipeline ruptured, sparking a massive blaze. RCMP say the explosion happened at about 5:30 p.m. PT Tuesday and forced about 100 members of the nearby Lheidli T'enneh First Nation from their homes. Officials say it was from an Enbridge natural gas pipeline in Shelley, B.C., about 15 kilometres northeast of Prince George. Police say residences within several kilometres [Read more]