Storing the fluid in tanks that can handle 14.9 PSI allows all the vapours to be pushed to a flare stack without worrying about popping a thief hatch. Having a few PSI instead of a few ounces of pressure can be a huge help in controlling fugitive emissions. OSY sells, rents and offers rent to own options on all of our equipment. Tanks range from 400 to 850 BBLs. Click here to learn more Please contact Dallas or Greg with any questions. Dallas [Read more]
Headlines
Oil prices tumble as hedge funds quit crude: Kemp
LONDON, May 29 (Reuters) - Hedge fund managers were busy reducing bullish positions in petroleum well before OPEC and its allies indicated in the middle of last week that they would consider relaxing output curbs. Hedge funds and other money managers reduced their net long position in the six major petroleum futures and options contracts in each of the five weeks to May 22 by a total of 108 million barrels. The reduction has been concentrated in crude, where net long positions in Brent and [Read more]
Crescent Point Announces New President and CEO as Part of Transformation Plan
CALGARY, Alberta, May 29, 2018 (GLOBE NEWSWIRE) -- The Board of Directors (the “Board”) of Crescent Point Energy Corp. ("Crescent Point" or the "Company") (TSX:CPG) (NYSE:CPG) and Mr. Scott Saxberg are pleased to announce that Mr. Craig Bryksa has taken over as interim President and Chief Executive Officer (“CEO”) of Crescent Point. As part of the transition, Mr. Bryksa has also replaced Mr. Saxberg on the Board as a Director of the Company. The Board would like to express its gratitude to [Read more]
Velvet Energy Commences Previously Announced Premium All Cash Offer To Acquire Iron Bridge Resources; Issues Letter To Shareholders
Offers $0.75 in cash per common share, representing an immediate 58% premium to the closing price of the Iron Bridge common shares on the TSX on May 11, 2018Iron Bridge shareholders can tender their shares now by contacting Kingsdale Advisors at 1-866-879-7650 or by e-mail at contactus@kingsdaleadvisors.comOffer remains open until September 12, 2018 at 5:00 p.m. (Toronto time) CALGARY, Alberta, May 29, 2018 (GLOBE NEWSWIRE) -- Velvet Energy Ltd. (“Velvet” or “We” or “Us”) announced today [Read more]
Redwater will affect the way E&P’s estimate and manage Asset Retirement Obligations
The issue of Licensee liability in Alberta’s oil and gas sector has been an evolving one for many years. The Alberta Energy Regulator (AER) introduced changes to the Licensee Liability Rating (LLR) from 2013 through 2015, and then again in 2016. Further changes are expected in 2018, as is the ruling on the Redwater Energy Corp. (Redwater) case which will determine the degree of liability that must be assumed by receivers of defunct companies. No matter which way Canada’s Supreme Court rules, [Read more]
Pembina Pipeline Corporation Updates 2018 Guidance and Will Host Annual Investor Day
CALGARY, May 29, 2018 /CNW/ - Pembina Pipeline Corporation ("Pembina" or the "Company") (TSX: PPL; NYSE: PBA) announced an update to its 2018 guidance range and will host its annual Investor Day. Pembina announced today that based on strong year-to-date results and the outlook for the remainder of the year, the Company has updated its 2018 Adjusted EBITDA guidance range to $2,650 to $2,750 million. "We are seeing strong customer demand for our services, leading to increased utilization in [Read more]
geoSCOUT Version 8.7 includes new Data Analytics Module
geoLOGIC systems ltd. is pleased to announce geoSCOUT Version 8.7, available May 24, 2018. This exciting new release includes a new Data Analytics module, Ownership Analysis upgrades, Proprietary Production integration and new Frac Focus data. We’ve implemented 56 customer enhancements with upgrades to over 20 modules. geoSCOUT delivers optimized technical workflows and business intelligence analytics within a single, fully-integrated platform. With over 30 modules for all disciplines, [Read more]
Green Leader Elizabeth May gets $1,500 fine for contempt in pipeline arrest
VANCOUVER - Green Leader Elizabeth May pleaded guilty to a criminal contempt of court charge Monday, moments before a British Columbia Supreme Court judge said the MP exploited her position to encourage others to also break the law by violating his injunction at a Kinder Morgan work site. Justice Kenneth Affleck said May is also a lawyer and therefore had a responsibility to obey his order and to persuade others to do so. Affleck issued an injunction more than two months ago preventing [Read more]
Jaguar Announces Appointment of Chief Financial Officer
CALGARY, Alberta, May 28, 2018 (GLOBE NEWSWIRE) -- Jaguar Resources Inc. ("Jaguar" or the "Company") (TSX VENTURE:JRI) is pleased to announce Mr. Ian T. Tweedie, CA, CPA has succeeded Mr. Randy Boyd as the Chief Financial Officer. Mr. Tweedie who brings over 45 years of financial experience and a broad range of financial systems knowledge. Mr. Tweedie is an independent financial consultant with extensive financial and managerial experience in both public and private companies. He has [Read more]
Vermilion Energy Inc. Announces Closing of Acquisition of Spartan Energy Corp. and Credit Facility Extension and Increase
CALGARY, May 28, 2018 /CNW/ - Vermilion Energy Inc. ("Vermilion", "We" or "Our") (TSX, NYSE: VET) is pleased to announce that we have closed the acquisition of Spartan Energy Corp. ("Spartan") for total consideration of $1.40 billion, comprised of $1.23 billion in Vermilion shares (valued at closing price prior to announcement) plus the assumption of approximately $175 million in debt, pursuant to the terms of the previously announced arrangement agreement (the "Arrangement"). Under the terms [Read more]