Industry is scrambling to determine how to move forward with maintaining their confidential mineral land rights. In response to AB Energy’s Information Bulletin 2018-02, Land Service companies and producers are forced to rethink who and how Crown mineral agreements are held. Recently, one of the long-standing Land Service companies in Calgary announced they will be discontinuing Crown Sales throughout Canada due to the implications of regulatory changes. AB Energy has confirmed this Bulletin [Read more]
Headlines
Trans Mountain to be discussed at Trudeau-Notley meeting in Edmonton
EDMONTON - Prime Minister Justin Trudeau will be in Edmonton today, where he'll face questions about his government's plans for the beleaguered Trans Mountain pipeline expansion. The prime minister's office says Trudeau will meet with Premier Rachel Notley this afternoon. A spokeswoman for Notley says the meeting will be about the pipeline, and that the premier hopes to discuss possible paths forward for the controversial project. The Federal Court of Appeal last week reversed a cabinet [Read more]
Crescent Point Announces Strategy Update and Appointment of President and CEO
CALGARY, Alberta, Sept. 05, 2018 (GLOBE NEWSWIRE) -- Crescent Point Energy Corp. ("Crescent Point" or the "Company") (TSX and NYSE: CPG) and the Board of Directors (the “Board”) are pleased to announce the appointment of Craig Bryksa as President and Chief Executive Officer (“CEO”), the adoption of a new clearly defined transition plan with measurable deliverables, the Company’s preliminary 2019 guidance and the appointment of Robert (Bob) Heinemann as the new Chairman of the Board. “Our Board [Read more]
Weinberger’s Weld/Fab & Piling Services Auction
AUCTIONEERS NOTE: This is the surplus assets of a major company in Red Deer that has recently realigned its operations. There will be a lot sold in bulks lots. Your attendance will be appreciated. For more information and pics see www.montgomeryauctions.com VIEWING: Tues. Sept. 11 9AM – 4PM REMOVAL: By Fri. Sept. 14 @3PM 10% Buyers Fee /13% on-line Subject to Addition & Deletions TERMS: CASH/C/CARD/BANK TRANSFER MONTGOMERY AUCTION SERVICES LTD. 1-800-371-6963 [Read more]
Grant Thornton via Energy Auctions Inc to sell Lexin Receivership Equipment
Grant Thornton Limited, in its capacity as the receiver of Lexin Resources Ltd., 1051393 BC Ltd., 0989 Resource Partnership, LR Processing Ltd. and LR Processing Partnership (the “Lexin Group”) is seeking offers to purchase the sour gas extraction equipment situated at various sites located in the Gladys area (“Gladys Equipment”) and has retained Energy Auctions Inc. as its exclusive Broker/Agent to assist in this process. All equipment sales will be on an "as is, where is" basis and will be [Read more]
Bolongo Ltd. expands operations into Mexico
August 28, 2018- Bolongo Ltd., the online market place for new and unused oil and gas materials is pleased to announce that it will be opening an office in Mexico City, Mexico effective immediately. Bolongo, in association with our partners and agent, Marcos y Asociados, will be taking advantage of its early positioning in establishing a market for oil and gas materials in the expanding Mexican energy sector. In conjunction with the head office in Calgary, the Mexico operations will market [Read more]
The newly updated Canadian Oil and Gas Evaluations Handbook (COGEH) is now available online
The Calgary Chapter of the Society of Petroleum Evaluation Engineers (SPEE) and industry professionals have updated the 3-volume COGEH handbooks into a single digital reference document for National Instrument 51-101 – Standards of Disclosure for Oil and Gas Activities. The combined document clarifies and streamlines existing guidelines and offers addition guidance on unconventional reserve evaluation and the management of abandonment and reclamation costs. Subscribe to the new digital [Read more]
MEG Energy Appoints Chi-Tak Yee as Chief Operating Officer
CALGARY, Sept. 4, 2018 /CNW/ - MEG Energy Corp. (TSX: MEG) ("MEG" or the "Company") is pleased to announce the appointment of Chi-Tak Yee, currently Senior Vice President, Operations, Resource & Technology Development, to the position of Chief Operating Officer (COO). Mr. Yee joined MEG in 2004, and has been instrumental in the Company's technical leadership and operational success in the thermal development of its Christina Lake asset. "Under Chi-Tak's leadership, MEG's operational [Read more]
Kinder Morgan to Apply Trans Mountain Proceeds to Debt Reduction
Announces Intention to Vote its Shares in Support of KML Board Proposals HOUSTON--(BUSINESS WIRE)--$KMI #KinderMorgan--Kinder Morgan, Inc., (NYSE: KMI) today announced its intention to vote in favor of the Kinder Morgan Canada Limited (TSX: KML) board’s proposals that will facilitate the distribution of approximately $2.0 billion of Trans Mountain net sale proceeds as a return of capital to KMI; and reiterated its intention to use the proceeds to pay down debt. As a result, KMI currently [Read more]
Cation Capital Comments on Continued Value Erosion at Crescent Point Energy
Letter to Shareholders Lays Out Continued Failures of Governance, Leadership and Accountability at Company Cation Calls for Board Chair Bannister to Resign or be Replaced, and for Urgent Search and Appointment of Experienced, External CEO Cation Will Host Town Hall Conference Call for all Crescent Point Shareholders to Express Concerns and Ideas Regarding their Investment CALGARY, Alberta--(BUSINESS WIRE)--$CPG #CPG--Cation Capital Inc. (together with its affiliates and associates, “Cation [Read more]