CALGARY, Alberta, Jan. 15, 2018 (GLOBE NEWSWIRE) -- Tamarack Valley Energy Ltd. (TSX:TVE) (“Tamarack” or the “Company”) is pleased to announce its 2018 capital budget and full year guidance, along with an operational update, including record fourth quarter production volumes and a meaningful increase in oil weighting which is expected to continue through 2018. Based on December field numbers, the Company estimates its Q4/17 production averaged over 22,600 boe/d with an oil and liquids [Read more]
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Ikkuma Resources Corp. Announces Appointment of Chief Financial Officer
CALGARY, Jan. 15, 2018 /CNW/ - Ikkuma Resources Corp. (TSXV: IKM) ("Ikkuma or the Corporation") is pleased to announce that John Van de Pol has joined the Corporation's executive team as Senior Vice President and Chief Financial Officer, commencing January 15, 2018. John is a well-known professional amongst Calgary's energy companies and brings a wealth of experience to the team. During the transition period, Kim Benders acted as Interim CFO and Ikkuma wishes to thank Ms. Benders for her [Read more]
Why you need to incorporate ARO into your A&D analysis: An LLR vs ARO Case Study Presentation
XI Technologies invites Business Development, Finance, and Risk Management professionals working in the Alberta oil and gas sector to attend a free case study presentation outlining the key differences between the two most common methods of estimating the retirement liabilities of an asset during the M&A process. While capital markets appear to be loosening slightly in 2018, investors are keenly aware of the growing importance of Liability Management and will be insisting on a clear, [Read more]
Reprobates control climate discussions, so everyone yawns and goes shopping
“So: the paths we have tried to tackle global warming have so far produced only gradual, halting shifts. A rapid, transformative change would require building a movement, and movements require enemies.” - Bill McKibben, legendary environmentalist and author “The concept of global warming was created by and for the Chinese in order to make U.S. manufacturing non-competitive.” - Guess who…Donald Trump, leader of the free world “…with the fossil fuel-industry, wrecking the planet is [Read more]
Oil drillers in Canada boost rigs to 10-month high
Jan 12 (Reuters) - Energy firms in Canada almost doubled the number of rigs drilling for oil this week to the highest level in 10 months as producers returned en masse from Christmas breaks and crude prices remain around three-year highs. Drillers added 87 oil rigs during the week ended Jan. 12 bringing the total count up to 185, the highest level since March 2017, General Electric Co’s Baker Hughes energy services firm said in its closely followed report on Friday. That was the biggest [Read more]
Canada Weekly Rig Count up 102 to 276
Western Canada’s fleet of drilling rigs went up by 102 rigs to the current count of 276 actively drilling rigs according to data collected by Baker Hughes for the week of January 12th. From one week ago, Alberta rig counts increased from 129 to 190, the Saskatchewan rig count increased by 24 to 57. Oil drilling went from 98 to 185; gas rigs went up from 76 to 91. View a full breakdown of western Canada’s rig activity. [Read more]
U.S. drillers add most oil rigs in a week since June -Baker Hughes
U.S. energy companies added 10 oil rigs this week, the biggest increase since June, as crude prices rose to their highest levels in three years, prompting drillers to return to the well pad. The total rig count rose to 752 in the week to Jan. 12, the most since September, General Electric Co's Baker Hughes energy services firm said in its closely followed report on Friday. The U.S. rig count, an early indicator of future output, is much higher than a year ago when only 522 rigs were [Read more]
Oil retreats from 2014 highs but set for fourth week of gains
NEW YORK (Reuters) - Oil prices edged lower on Friday after hitting a three-year high the previous day, but the benchmarks remained on track for a fourth straight week of gains. A drawdown in U.S. inventories and a pullback in production, combined with steady demand and the extension of OPEC’s global supply cut agreement, has bolstered the oil-market rally for several weeks, helping push Brent crude through $70 a barrel for the first time since December 2014. Russia’s Lukoil Chief [Read more]
Column: Canadian Unconventional Drillers are a Yuuge Bargain
It is somewhat understandable that high quality Canadian unconventional drillers are being shunned when investors have the option of jumping into Bitcoin, or the late stage NYSE stock rally. Clearly, these latter two investment vehicles have no risk and are a guarantee of high returns as witnessed by one of the longest winning streaks on record. The price rise of Bitcoin speaks for itself. Taking my tongue out of my cheek, Iike many older folks who were around in 1987, 2000 and 2008/9, I am [Read more]
Chinese bitcoin miners eye sites in energy-rich Canada
China's Bitmain Technologies is eyeing bitcoin mining sites in Quebec, a company spokesman told Reuters, as expectations of a potential Chinese crackdown on cryptocurrency mining make the energy-rich Canadian province an attractive alternative. China has grown into one of the world's biggest sources of cryptocurrency mining but there are signs Beijing is increasing scrutiny of the sector's players and may ask local authorities to regulate their power use. Bitmain Technologies, [Read more]