CALGARY, Alberta, Aug. 21, 2018 (GLOBE NEWSWIRE) -- Baytex Energy Corp. (“Baytex”)(TSX, NYSE: BTE) and Raging River Exploration Inc. (“Raging River”)(TSX: RRX) are pleased to announce that shareholders of Raging River (“Raging River Shareholders”) and Baytex (“Baytex Shareholders”) have today approved their previously announced strategic combination (the “Transaction”). The Transaction will see the combined company emerge as a well-capitalized, oil-weighted company with an attractive growth and [Read more]
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Alberta to roll out automated oil project review system
Alberta is implementing a new automated system for assessing proposed energy projects that it says will speed up reviews and save industry money, with plans to have the system fully operational by 2021. It says the new system, known as an Integrated Decision Approach (IDA), will allow companies to submit one application to cover the life of a project, instead of separate applications for different project activities. The system, operated by the Alberta Energy Regulator (AER) and piloted [Read more]
New Oil and Gas Jobs From BOE Report Jobs
Here are the latest oil and gas job postings courtesy BOE Report Jobs. To search and filter all the latest jobs, visit the BOE Report job board. All job listings are free to post for companies. Sign up to create an account to post jobs; it’s simple and easy to use. Posting Date Job Title Company Location Aug. 20 Electrical Reliability Engineer Canadian Natural Resources Fort McMurray Aug. 20 In-Province Topsides Construction Planner Brunel St. John's Aug. [Read more]
East Duvernay 3D Block Diagram – Connate Water Solutions Inc.
“Society is demanding that companies, both public and private, serve a social purpose. To prosper over time, every company must not only deliver financial performance, but also show how it makes a positive contribution to society.” – Larry Fink, CEO of BlackRock Inc. This is a compelling statement coming from the CEO of the world’s largest asset management firm. As an innovative hydrogeology company, we decided to create an interactive 3D block diagram to address two potential hurdles to [Read more]
Point Loma Resources Announces Closing of Additional Working Interest in Recent Oil Acquisition
Calgary, Alberta (FSCwire) - Point Loma Resources Ltd. (TSX VENTURE: PLX) (the “Corporation” or “Point Loma”) is pleased to announce that it has closed the acquisition (the “Acquisition”) of an additional working interest in an oil property acquired in June 2018. The purchase price of the Acquisition is $270,000.00, before customary closing adjustments, and was paid with the issuance of 876,623 common shares of the Corporation. Highlights Point Loma has acquired an additional 50 [Read more]
Iron Bridge’s Dismal Second Quarter Results Show Material Underperformance and Financial Distress; Reinforce Velvet Energy’s Offer as the Superior Value Maximization Alternative for Iron Bridge Shareholders
Material underperformance underscores why Iron Bridge shareholders should tender to Velvet’s all-cash offer Several independent analyst reports note that Iron Bridge’s common shares would trade well below $0.75 per share, absent Velvet Energy’s offer Our premium, all-cash offer, provides shareholders with certainty of avoiding the dilutive impact of any financing alternative Iron Bridge might pursue absent Velvet’s Offer Shareholders are reminded that Velvet Energy’s offer is the only [Read more]
Monetization of NGLs has become an important component of WCSB producers’ profitability and competitiveness strategies in the North American market
Western Canadian NGL production volumes are increasing,and are expected to continue increasing over the long-term. Going forward, understanding the demand for Canadian NGLs across North America and in the global market will help determine the expected volumes of NGLs available for extraction in the WCSB. How does US Competition square up vrs Eastern Canada vrs Western Canada. Both Canada and the US analysts conclude that exports are required to keep North American NGL markets balanced- [Read more]
Blockchain transactions in oil and gas continue to be developed in Canadian trials
In Feb 2018 GuildOne Inc. announced the first execution of an Oil royalty smart contract using the Company’s new Royalty Ledger application for settlement and payment transactions. Guild 1 ‘s distributed royalty ledger is the first implementation of a smart contract in the oil and gas royalty sector and was delivered together with NAL Resources Management Limited, PrairieSky Royalty Ltd. and ATB Financial. Distributed ledger and Blockchain technology have the potential to greatly minimize [Read more]
Daily distortions: brainless media coverage of the oil and gas industry is ripe for consequence
I don’t know what it’s like to be the editor of a mainstream media news outlet, but it must be a miserable job. The popular information world has sort of gone off its rocker with the demands to be entertaining, insightful, current, hip, and wise, non-stop, all day long. It’s one thing to work on a story for days or weeks, as institutions like Reuters often do; the end result can be insightful journalism. Some institutions like Bloomberg however have resorted to the equivalent of painted [Read more]
U.S. Department of Energy offers 11 million barrels of oil for sale from SPR
NEW YORK, Aug 20 (Reuters) - The U.S. Department of Energy (DOE) is offering 11 million barrels of oil for sale from the nation’s Strategic Petroleum Reserve (SPR) ahead of sanctions on Iran that are expected to reduce global supplies of crude. The delivery period for the proposed sale of sour crudes will be from Oct. 1 through Nov. 30, according to Monday’s notice. The U.S. government has introduced financial sanctions against Iran which, beginning in November, also target the petroleum [Read more]