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Blackbird Energy Inc. Provides an Operational Update Including Significant Upper Montney Test Results, an Expanded Credit Facility, Estimated Monthly Sales Volumes and a Preliminary Northern Development Program
CALGARY, Alberta, March 13, 2018 (GLOBE NEWSWIRE) -- Blackbird Energy Inc. (TSX-V:BBI) (“Blackbird” or the “Company”) is pleased to announce test results from its 3-27-71-7W6 Upper Montney Delineation well, expansion of the Company’s credit facility to $20 million, estimated monthly sales volumes and productive capacity, preliminary plans for a development program north of the Wapiti River, and results from the Company’s 2018 Annual and Special Meeting of Shareholders (the “AGM”). “The [Read more]
Hedge funds resume liquidating bullish oil positions: Kemp
LONDON (Reuters) - Hedge funds have resumed liquidating their bullish long positions in crude oil and refined fuels amid more signs that the earlier rally in prices has fizzled out. Hedge funds and other money managers cut their combined net long position in the six most important futures and options contracts linked to petroleum prices by 50 million barrels in the week to March 6. The reduction largely reversed an increase of 68 million barrels the previous week, according to position [Read more]
U.S. states slow Trump offshore oil drilling expansion plan
HOUSTON (Reuters) - The Trump administration’s plan to broadly expand drilling in U.S. offshore waters is moving slowly due to opposition from coastal states and indifference from oil companies that have turned their focus to other opportunities. The administration hopes encouraging U.S. energy development outside of shale oilfields will further its goal of “energy dominance.” But existing Obama administration lease rules remain in place through 2022 unless the new rules gain approval. The [Read more]
NuVista Energy Ltd. Announces Year End 2017 Reserves, Financial And Operating Results
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]
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]