CALGARY, Alberta, March 12, 2018 (GLOBE NEWSWIRE) -- NuVista Energy Ltd. (“NuVista” or the “Company”) (TSX:NVA) is pleased to announce results for the three months and year ended December 31, 2017 and provide an update on our future business plans. For NuVista, 2017 was a very active and successful year with significantly increased adjusted funds flow, record production, and material reserves per share growth. These milestones were reached while advancing significantly on our 60,000 Boe/d five [Read more]
Headlines
Colorado based Well Master Corporation Acquires T-RAM Canada
Golden CO – January 5, 2018 - Well Master Corporation, headquartered in Golden, Colorado, is pleased to announce the acquisition of T-RAM Canada Inc. by Well Master Corporation. Well Master Corporation engineers, manufactures, and distributes the most durable and innovative plunger lift systems available in the United States including proprietary technologies for optimized horizontal well production. T-RAM Canada Inc. is a leading provider of optimization solutions in the western Canadian oil [Read more]
Two adversarial countries, a lawless bombed-out third, and a terrorist organization come together to build a pipeline, and Canada can’t
An Afghan, a Pakistani, an Indian, and a Turk..menistanian walk into a bar. No wait, into a pipeline meeting. No wait, this isn’t a joke, it’s…I don’t even know what it is. Perhaps just best to describe it as a profound illustration of how coagulated and paralyzed Canada has become. The group above - these four enemies/anarchies/survivors - found enough common ground to build a massive international natural gas pipeline at a cost of over $10 billion. It gets weirder; an elder statesman in [Read more]
Private oil and gas company looking for drilling-ready prospects
A private company with existing operation in Alberta is seeking for drilling-ready prospects for its 2018 drilling program. Medium-light oil, relatively shallow, high working interest and large inventory of locations are preferred. Transaction could be done in cash or GOR. Interested party please send email to 2018drilling@gmail.com and the company information will be provided in person. [Read more]
Questerre reports year-end reserves and resources
THIS NEWS RELEASE IS NOT FOR DISSEMINATION OR DISTRIBUTION IN THE UNITED STATES OF AMERICATO UNITED STATES NEWSWIRE SERVICES OR UNITED STATES PERSONS CALGARY, Alberta, March 12, 2018 (GLOBE NEWSWIRE) -- Questerre Energy Corporation (“Questerre” or the “Company”) (TSX:QEC) (OSE:QEC) reported today on the results of its December 31, 2017 Reserves Assessment and Evaluation of its oil and natural gas properties (the “Report”), as evaluated by McDaniel & Associates Consultants Ltd.(“McDaniel”) [Read more]
No change on Saskatchewan’s stand against carbon tax after meeting with prime minister
REGINA - The federal government and Saskatchewan are still deadlocked on a national climate change plan despite what the two sides call a constructive meeting on Friday. Saskatchewan Premier Scott Moe met with Prime Minister Justin Trudeau to talk about several issues, including climate change. But Moe said he hasn't changed his mind about the province being the lone holdout from Ottawa's Pan-Canadian Framework on Clean Growth and Climate Change. "Saskatchewan's stance with respect to [Read more]
Trans Mountain granted interim injunction against blockades at B.C. terminals
VANCOUVER - A British Columbia Supreme Court judge has granted Trans Mountain an interim injunction aimed at preventing anti-pipeline activists from protesting construction at two terminals in Burnaby. The company listed 15 individuals, along with John Doe, Jane Doe and "persons unnamed" in a notice of civil claim as part of its request to restrict protesters from coming within 50 metres of the facilities. Justice Kenneth Affleck agreed with that condition Friday and said the injunction [Read more]
Traverse Energy Ltd. Updates Duvernay Shale Basin Activity
CALGARY, Alberta, March 09, 2018 (GLOBE NEWSWIRE) -- Traverse Energy Ltd. (the “Corporation”) (TSX Venture:TVL) provides an update on its Chigwell Duvernay well (102/03-32-042-24W4) drilled in October 2017. The Corporation’s Duvernay horizontal well (100% working interest) was completed in late November and early December 2017. The well was completed utilizing the plug and perforate stimulation process. A horizontal length of 2,172 meters was stimulated with sand placed at a 1.6 tonnes per [Read more]
Notley threat to cut off oil to others not a new tactic for Alberta
CALGARY - Alberta Premier Rachel Notley's threat to reduce oil shipments to other provinces, the latest salvo in a recent pipeline dispute with British Columbia, carries on a provincial tradition of using its natural resources to reinforce its political positions. The energy-rich province has used its oil and gas exports as leverage at least three times in the past to win arguments with other levels of government, oilpatch historian and author David Finch said Friday. "Because the ... [Read more]
Heavy crude discount narrows, stays within recent range
The Canadian heavy oil discount narrowed on Friday against the West Texas Intermediate (WTI) benchmark,but remained in its tight recent range with no significant increase in takeaway capacity easing a supply build-up in the oil-producing province of Alberta. A significant reduction in the heavy oil discount may occur by mid-year, once railways have moved a grain backlog and can handle more crude, a Calgary industry source said. Western Canada Select (WCS) heavy blend crude for April [Read more]