No one out there needs reminding of how difficult it is to produce petroleum in Canada these days. The regulatory quagmire and relentless attacks from well-organized opponents are the most visible obstacles. Other impediments are equally frustrating, like, for example, the media’s refusal to comment on just how valuable natural gas is to BC at this very moment, and how oddly backwards it is for many to be condemning fossil fuels at the very moment they are in grave danger of not having [Read more]
Headlines
Notley appoints group to engage industry for solutions to major oil price discounts
Alberta will come up with a plan to address painfully low crude prices within weeks, Premier Rachel Notley said on Monday, as she appointed representatives to start discussions with industry officials. At least five Western Canadian oil producers announced curtailments of heavy crude production in recent weeks, as price discounts for the region's oil grew to much higher than usual levels. Such discounts compared with North American benchmark light oil prices, are costing the Canadian economy [Read more]
Keyera Announces Executive Promotions
CALGARY, Nov. 19, 2018 /CNW/ - David Smith, President and Chief Executive Officer of Keyera Corp. (TSX:KEY) ("Keyera") is pleased to announce the promotion of Bradley W. Lock to Senior Vice President and Chief Operating Officer and the promotion of C. Dean Setoguchi to Senior Vice President and Chief Commercial Officer. With these appointments, Keyera is realigning its organizational structure along functional reporting lines. Field operations, engineering and corporate responsibility will [Read more]
Resource firm planning new N.B. wells if Tories lift fracking moratorium
FREDERICTON - A major player in natural gas development in New Brunswick is making plans for new wells if the province's new Tory government follows through on a pledge to lift a moratorium on fracking. Corridor Resources currently has 32 producing wells in the Sussex area and operates a 50 kilometre pipeline, a gathering system comprising 15 kilometres of pipe, and a natural gas processing facility. The company wants to expand but the previous Liberal government imposed a moratorium in [Read more]
Prairie Provident Announces Successful Evi Drilling Update
CALGARY, Alberta, Nov. 19, 2018 (GLOBE NEWSWIRE) -- Prairie Provident Resources Inc. ("PPR" or the "Company") (TSX:PPR) announces an operational update on successful drilling and completion results from its core Evi area in the Peace River Arch. Evi Drilling Exceeds Expectations As part of its light-oil Granite Wash drilling program, PPR recently drilled four exploration wells in its core Evi area. Two of the wells were successful, with an initial combined swab/flow test rate of about 300 bopd [Read more]
Point Loma Resources Announces Receipt of Well Licenses and Commencement of Drilling Program
CALGARY, AB / ACCESSWIRE / November 19, 2018 / Point Loma Resources Ltd. (TSX VENTURE: PLX) (the "Corporation" or "Point Loma") is pleased to announce, further to the Corporation's recent entrance into the Rex (Upper Mannville) oil play in the Leduc area of Alberta and additional work-up of a new Lower Mannville oil pool opportunity to the south of its existing Paddle River development, it has now received two well licenses, has commenced lease building activities in the field and intends to [Read more]
Saturn Oil & Gas Announces 1,000 bbls/d Production Rate and Provides Operational Update
SASKATOON, Saskatchewan, Nov. 19, 2018 (GLOBE NEWSWIRE) -- Saturn Oil & Gas Inc. (“Saturn” or the “Company”) (TSX.V: SOIL) (FSE: SMK) is pleased to announce that with the success of the recent drill program the Company has achieved a production rate of 1,000 bbls/d. Additionally, the Company has commenced drilling its Q4 of 2018 Viking horizontal program. Saturn currently has 16 gross (14 net) producing Viking horizontal wells and anticipates drilling 18 additional 100% working interest [Read more]
Canada Weekly Rig Count Up 1 to 197
Western Canada’s fleet of drilling rigs increased to a total of 197 according to data collected by Baker Hughes for the week of Novmeber 16th. From one week ago, Alberta rig counts went up 1 to 137. Saskatchewan's rig count increased from 37 to 39. Oil drilling went from 117 to 118; natural gas rigs remained at 79. View a full breakdown of western Canada’s rig activity. [Read more]
U.S. drillers add oil rigs for fifth week in six -Baker Hughes
U.S. energy firms this week added oil rigs for a fifth time in six weeks, keeping the rig count at its highest in over three years and crude production from shale basins at a record high.Drillers added two oil rigs in the week to Nov. 16, bringing the total count to 888, still the highest level since March 2015, General Electric Co's Baker Hughes energy services firm said in its closely followed report on Friday. After rig additions stalled at five during the third quarter, drillers [Read more]
Strategic Oil & Gas Ltd. Announces Third Quarter 2018 Financial and Operating Results
CALGARY, Alberta, Nov. 16, 2018 (GLOBE NEWSWIRE) -- Strategic Oil & Gas Ltd. (“Strategic” or the “Company”) (TSXV: SOG) is pleased to report financial and operating results for the three and nine months ended September 30, 2018. Detailed results and additional information are presented in Strategic's interim condensed consolidated financial statements and related Management's Discussion and Analysis ("MD&A") which will be available through the Company's website at www.sogoil.com and on [Read more]