NEW YORK (Reuters) - U.S. shale producers are locking in prices for their production as much as three years into the future in a sign that strong domestic crude pricing is nearing a peak, according to market sources familiar with money flows. U.S. crude prices for 2019 and 2020, based on an average of each year’s monthly contracts, have climbed this week above $68 and $64 a barrel, respectively, the highest levels in over three years. The rally comes even as front-month prices have dropped [Read more]
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Clearview Provides Update
Initial production ten-day average (“IP10”) of 500 barrels of oil per day from recently drilled Wilson Creek 15-20 Cardium horizontal well. Windfall 1-3 Bluesky horizontal well spud September 8th, 2018. Closed first tranche of private placement of common share equity. CALGARY, Alberta, Sept. 12, 2018 (GLOBE NEWSWIRE) -- Clearview Resources Ltd. (“Clearview” or the “Company”) is pleased to provide the following operations and corporate update. Wilson Creek Clearview’s previously announced [Read more]
150+ Operations leaders from Enbridge, Suncor, Irving Oil, SaskPower, HydroOne, Toronto Hydro, Andeavor and NASA set to share their OpEx journey in Toronto this November at the 2018 Operational Excellence in Energy & Utilities Summit
150+ Operations leaders from Enbridge, Suncor, Irving Oil, SaskPower, HydroOne, Toronto Hydro, Andeavor and NASA set to share their OpEx journey in Toronto this November at the 2018 Operational Excellence in Energy & Utilities Summit. This November 26-28 over 150 Operations, Operational Excellence, EH&S, Asset Management and Reliability leaders are meeting in Toronto to learn the latest strategies for managing change, increasing efficiency and optimizing productivity - without [Read more]
InPlay Oil Corp. Announces Non–core Asset Rationalization, Operational Update, Acceleration of 2018 Cardium Drilling Program and Increased Production Guidance
CALGARY, Alberta, Sept. 13, 2018 (GLOBE NEWSWIRE) -- InPlay Oil Corp. (TSX: IPO) (OTCQX: IPOOF) (“InPlay” or the “Company”) is pleased to announce that it has entered into a definitive agreement to sell certain non-core oil and gas properties in the West Pembina area of Alberta for cash consideration of $16.7 million, subject to closing adjustments customary in transactions of this nature (the “Disposition”). InPlay plans to utilize the proceeds from the Disposition to accelerate Cardium [Read more]
AltaGas announces the filing of a preliminary prospectus for the initial public offering of AltaGas Canada Inc. which includes AltaGas’ Canadian utilities and certain renewable power assets in Canada
AltaGas Expects to Own a Significant Minority Interest Upon Close of the Initial Public Offering CALGARY, Sept. 13, 2018 /CNW/ - AltaGas continues to execute on its strategy to reshape the company with a focus on Gas and U.S. Utilities AltaGas expects to hold approximately 37% to 45% of AltaGas Canada Inc. ("ACI") at the close of the Initial Public Offering ("IPO") Equity proceeds from the IPO, combined with the debt repayment by ACI to AltaGas, are expected to result in significant [Read more]
Top Six Montney Gas Play Type Curves by NPV10 with Natural Gas Liquids (NGL) Yields
Canadian Discovery’s Catalyst platform delivers NPVs for type curves in key Canadian resource plays with the Sproule Play Metrics module. Each resource play is split into detailed play areas, each of which has multiple ranked type curves called tiers. NPV10 is a useful estimate of the present value within a well, area or company asset. By estimating NPVs for type curves, it’s possible to understand what a typical well is worth at each tier. Accurate and reliable reporting on liquids is [Read more]
Blackbird Energy Inc. Announces Results From Its Independent Reserves Evaluation as at July 31, 2018 and Provides an Operational Update
CALGARY, Alberta, Sept. 13, 2018 (GLOBE NEWSWIRE) -- (TSX-V: BBI) Blackbird Energy Inc. (“Blackbird” or the “Company”) is pleased to announce results from its independent year-end reserves evaluation prepared by McDaniel & Associates Consultants Ltd. (“McDaniel”) as at an effective date of July 31, 2018 (the “McDaniel Report”) and provide a brief operational update. McDaniel prepared the evaluation in accordance with the standards set out in National Instrument 51-101 of the Canadian [Read more]
TSX falls as energy stocks fail to get lift from highest crude price in nine weeks
TORONTO - Canada's main stock market resumed its downward trajectory Wednesday as energy stocks failed to get a lift even though crude oil prices hit nearly a nine-week high. There was a disconnect as the overall market didn't benefit from higher commodity prices because of uncertainty over NAFTA negotiations, said Candice Bangsund, vice-president and portfolio manager for Fiera Capital. "We're not there yet and I think the market is just expressing a little bit of caution there and just [Read more]
NAFTA Issues & Resolutions, Carbon Tax and US Tax and Regulatory Reform – How will the New NAFTA affect Canadian Oil & Gas?
By mid-October 2018, NAFTA discussions will have a resolution and companies will need to analyze and strategize around the changes. The Petroleum Joint Venture Association presents Mr. David McLellan, Principal at Ridgeway Strategic Consulting Ltd. addressing the key NAFTA updates and Canada/US trade and tax & regulatory reform- increased US tariffs on steel or other concerns; Canadian responses, and recent developments in Carbon Tax at a Petroleum Joint Venture Association luncheon, [Read more]
Bellatrix Announces Closing of Debt Refinancing Transaction and Upcoming Investor Events
CALGARY, Alberta, Sept. 11, 2018 (GLOBE NEWSWIRE) -- Bellatrix Exploration Ltd. (“Bellatrix” or the “Company”) (TSX, NYSE: BXE) today announces that it has closed the debt refinancing transaction previously announced on July 26, 2018. The transaction immediately extends the maturity of over one-third of the Company’s existing unsecured senior notes due 2020 (the “2020 Notes”) by three years, reduces outstanding debt by approximately $10.5 million prior to any new money advances, and sets the [Read more]