CALGARY, ALBERTA--(Marketwired - Sept. 20, 2017) - Questerre Energy Corporation ("Questerre" or the "Company") (TSX:QEC)(OSLO:QEC) reported today that the Ministry of Energy and Natural Resources in Quebec has published the proposed regulations to govern oil and gas activities in the province. A copy of the draft regulations can be found online at: http://www2.publicationsduquebec.gouv.qc.ca/dynamicSearch/telecharge.php?type=13&file=1738-A.PDF. Michael Binnion, President and Chief Executive [Read more]
Headlines
US shale oil reaching 10 million barrels per day is fiction
Any financial advisor worth their salt will caution you that past performance is not a guarantee of the same in the future. And so it is with US shale oil. Recent EIA estimates claim potential production of up to 10 million barrels per day (BPD). That projection is pure fiction and in this article I will explain why. Right off the bat, assuming annual declines of 2.0 Million BPD, wells having a 365-day average annual rate of 400 BPD requiring 5,000 wells and utilizing 330 rigs (with each well [Read more]
Manitok Energy Inc. Acquires Corinthian Oil Corp.
CALGARY, Sept. 20, 2017 /CNW/ - Manitok Energy Inc. ("Manitok") (TSX-V: MEI) is pleased to announce that it has completed its previously announced three-cornered amalgamation pursuant to an amalgamation agreement (the "Amalgamation Agreement") dated effective September 12, 2017 among the Corporation, Corinthian Oil Corp. ("Corinthian") and 2065718 Alberta Inc. ("Acquireco"), a wholly owned subsidiary of Manitok (the "Transaction"). Pursuant to the Transaction, Manitok has acquired, through [Read more]
Ikkuma Announces Executive Changes
CALGARY, Sept. 19, 2017 /CNW/ - Ikkuma Resources Corp. ("Ikkuma" or the "Corporation") (TSX VENTURE: IKM) announces the following Executive Team changes effective as of today: Dorothy Else retired as Executive Vice President of the Corporation. Ms. Else also joined the Board of Directors of the Corporation (the "Board"). We thank Ms. Else for her contribution to the Corporation as an employee and congratulate her on her new position as a member of our Board. Carrie Yuill has stepped [Read more]
Oilsands miner reports 123 birds killed in tailings pond incident
CALGARY - Oilsands giant Suncor Energy says it is mystified by the discovery Sunday of dead and dying birds at a nearly complete northern Alberta mine that hasn't produced its first official barrel of oil yet. On Tuesday, the Alberta Energy Regulator announced it was dispatching an inspector to the nearly completed Fort Hills oilsands mine north of Fort McMurray after Suncor reported finding 123 waterfowl and songbirds near a tailings pond. "On Sunday ... a group of birds were [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. Sep. 18 Frac Bulk Truck Operator Canyon Technical Services Red Deer Sep. 18 Labourer Strike Group Battleford Sep. 18 Quality Control Coordinator Strike Group Edson Sep. 18 Office Services [Read more]
Torxen Resources Ltd. leads bid to acquire major natural gas property from Cenovus
According to a Globe and Mail article, Torxen Resources Ltd, led by former Cenovus Energy Inc Chief Operating Officer John Brannan, is leading a bid to acquire a major Alberta natural gas property from his former employer. The Globe reported that the deal that could be worth up to C$600 million. Torxen is said to be the front-runner to acquire the Suffield property according to the Globe article. The transaction would be the second for Cenovus as part of a slate of assets sales that could [Read more]
U.S. natural gas prices rise as winter stocks look tight
LONDON (Reuters) - U.S. natural gas stocks look somewhat tight after low prices this summer worked off the excess stocks that built up in the first half of the year. Current stocks are in line with the five-year seasonal average but that may not be enough given the increase in exports and the number of additional combined-cycle power plants that have become operational in 2017. The last two winters have been exceptionally mild; if this winter proves colder, which is likely simply on the basis [Read more]
When It Comes to Logs, You Have Options
Are you looking for digital logs & need inexpensive ways to get key logs? Do you have a digital log subscription but they don’t have the log you are looking for? Do you wish you could get digital strip logs? Are you tired of fighting to download your logs and get them workstation ready? If you answered ‘yes’ to any of the above then we should talk. At Divestco our log library features over: 8.6 Million digital logs in the Western Canadian Sedimentary Basin 2.5 Million [Read more]
Don Gray Announces Acquisition of Common Shares of Petrus Resources Ltd.
CALGARY, ALBERTA--(Marketwired - Sept. 19, 2017) - Don Gray ("Mr. Gray") announces that between September 15, 2017 and September 18, 2017, he acquired 202,200 common shares ("Common Shares") of Petrus Resources Ltd. (the "Company" or "Petrus") on the open market through the facilities of the Toronto Stock Exchange at an average price of $2.49 per Common Share. The total consideration paid by Mr. Gray for the acquisition of the 202,200 Common Shares was $503,508. As at the date hereof, Mr. [Read more]