Western Canada’s fleet of drilling rigs went down 2 to 81 according to data collected by Baker Hughes for the week of June 1st. From one week ago, Alberta rig counts decreased 1 to 57 Saskatchewan's rig count increased from 9 to 24. Oil drilling went from 35 to 56; gas rigs went from 46 to 43. View a full breakdown of western Canada’s rig activity. [Read more]
Headlines
U.S. drillers add oil rigs for second week in a row
(Reuters) - U.S. energy companies added oil rigs for a second week in a row even though crude prices have declined about 7 percent over the past two weeks and analysts do not expect any big changes in the rig count for the rest of the year. Drillers added two oil rigs in the week to June 1, bringing the total count to 861, the highest level since March 2015, General Electric Co’s Baker Hughes energy services firm said in its closely followed report on Friday. That was the eighth time [Read more]
Upcoming CAPL Courses and Lunch & Learns
Here is the upcoming list of courses offered by CAPL. For more information, click on a course link below or visit landman.ca Date Course Category Status Jun 05 2018 Facilities Overview (PSL®) Surface and Mineral open Jun 06 2018 Water Management fo Landmen in BC Luncheon Surface and Mineral open Jun 07 2018 Surface Rights Law (PSL®) Regulations closed Jun 13 2018 Groundwater: Issues & Impacts for Surface Landmen (PSL®) (morning) Surface and [Read more]
Trans Mountain seeks stricter injunction at terminals in British Columbia
VANCOUVER - Lawyers for Trans Mountain will be back in court today to ask a British Columbia judge to amend an injunction order limiting people from protesting within five metres of two work sites in Burnaby. B.C. Supreme Court Justice Kenneth Affleck granted the order in March, when he turned down a request for a 50-metre exclusion zone at the Burnaby Terminal and the Westridge Marine Terminal. Trans Mountain says in its notice of civil claim that protesters have changed their tactics to [Read more]
TransGlobe Energy Corporation Announces Intention to List on AIM
THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS RESTRICTED AND IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO AUSTRALIA, JAPAN, SOUTH AFRICA OR ANY OTHER JURISDICTION IN WHICH IT WOULD BE UNLAWFUL TO DO SO. THE DISTRIBUTION OF THIS ANNOUNCEMENT IN OTHER JURISDICTIONS INCLUDING (WITHOUT LIMITATION) JAPAN, AUSTRALIA, OR THE REPUBLIC OF SOUTH AFRICA (OR TO ANY RESIDENT THEREOF) MAY BE RESTRICTED BY LAW AND THEREFORE PERSONS INTO [Read more]
Gear Energy Ltd. Announces Appointment of Board Director
CALGARY, May 31, 2018 /CNW/ - Gear Energy Ltd. ("Gear" or the "Company") (TSX: GXE) is pleased to announce that effective June 1, 2018, Ms. Bindu Wyma has been appointed to the Board of Directors of Gear and will also serve on the Company's Reserves Committee. Ms. Wyma has over 30 years of experience in the oil and gas industry with extensive experience in acquisitions and divestitures underpinned by a background in reservoir engineering and reserves evaluation. During a 20 year career at [Read more]
ConocoPhillips fined $180,000 for 2016 leak of condensate in northwest Alberta
CALGARY - Oil and gas producer ConocoPhillips Canada is being fined $180,000 for a 2016 pipeline leak that spilled a light petroleum liquid into a remote area of northwestern Alberta. The leak of 380,000 litres of condensate resulted in 38 observed fatalities to unspecified species of wildlife and hundreds of potential wildlife deaths as it affected nearly three square kilometres of land as well as nearby waterways, the Alberta Energy Regulator said on its website. The AER assessed a [Read more]
Altura Energy Inc. Closes the Sale of its East Central Alberta and Saskatchewan Assets for Gross Proceeds of $28.4 Million
CALGARY, Alberta, May 31, 2018 (GLOBE NEWSWIRE) -- Altura Energy Inc. ("Altura" or the "Corporation") (TSXV:ATU) is pleased to announce the closing of its previously announced sale of east central Alberta and Saskatchewan assets (the "Transaction"). After closing adjustments, net cash consideration received by Altura under the Transaction totaled approximately $27.9 million. With the closing of the Transaction, Altura has the financial resources to aggressively develop its Leduc-Woodbend [Read more]
Brent hits largest premium to U.S. crude since 2015
NEW YORK (Reuters) - U.S. crude oil futures recovered some losses on Thursday after a larger-than-expected decline in inventories, but U.S. futures remained under pressure in comparison to global Brent crude, which rallied to push the spread between the two to the highest level in more than three years. U.S. oil inventories fell by 3.6 million barrels in the week to May 25, the U.S. Energy Information Administration said, exceeding expectations for a decline of 525,000 barrels. Gasoline and [Read more]
U.S. crude inventories fall, products build as refiners ramp up: EIA
(Reuters) - U.S. crude oil stockpiles fell more than expected last week, while gasoline and distillate inventories posted surprise builds as refiners ramped up their activity to the highest since January ahead of Memorial Day weekend, the Energy Information Administration said on Thursday. Crude inventories fell 3.6 million barrels in the week to May 25, compared with analysts’ expectations for a decrease of 525,000 barrels. The drawdown assuaged some worries from U.S. traders who have [Read more]