CALGARY, Aug. 8, 2018 /CNW/ - Yangarra Resources Ltd. ("Yangarra" or the "Company") (TSX:YGR) announces its financial and operating results for the three and six months ended June 30, 2018. Second Quarter Highlights Reached 10,000 boe/d of production at the end of the quarter. Average production of 7,570 boe/d (60% liquids) during the quarter an increase of 1% from the first quarter of 2018 and 33% increase from the same period in 2017. Oil and gas sales were $29.9 million, an [Read more]
Headlines
TORC Oil & Gas Ltd. Announces Second Quarter 2018 Financial & Operational Results; Acquisition of Unconventional Midale Focused Company; and Increase to 2018 Guidance
CALGARY, Aug. 8, 2018 /CNW/ - TORC Oil & Gas Ltd. ("TORC" or the "Company") (TSX: TOG) is pleased to announce its financial and operating results for the three and six months ended June 30, 2018. The associated management's discussion and analysis ("MD&A") and unaudited interim financial statements as at and for the three and six months ended June 30, 2018 can be found at www.sedar.com and www.torcoil.com. Highlights Three months ended Six months [Read more]
Column: Death by Regulation
The writing is on the wall and the numbers are distressing to say the least. Foreign investment is fleeing from Canada and we are becoming an international investment pariah. Sadly, this trend should not surprise anybody as our national regulatory environment for large projects in the energy industry went from onerous to outright obscene. The Trudeau government is obsessed with adding unreasonable requirements for new business ventures and they have pushed things to the tipping point. Private [Read more]
Paramount Resources Ltd. Reports Second Quarter 2018 Results
CALGARY, Aug. 8, 2018 /CNW/ - OIL AND GAS OPERATIONS Paramount's sales volumes averaged 86,741 Boe/d in the second quarter of 2018. Liquids sales volumes averaged 31,057 Bbl/d and constituted 77 percent of total revenue. The Karr development averaged 54 percent liquids for the quarter and generated 55 percent of Paramount's total netback. The Company is on target to complete liquids handling projects that will increase Karr area raw liquids handling capacity to approximately 15,000 [Read more]
Journey Energy Inc. Reports its Second Quarter 2018 Financial and Operating Results
CALGARY, Aug. 7, 2018 /CNW/ - Journey Energy Inc. (JOY – TSX) ("Journey" or the "Company") announces its financial and operating results for the three and six month periods ending June 30, 2018. The complete set of financial statements and management discussion and analysis for the periods ended June 30, 2018 and 2017 are posted on www.sedar.com and on the Company's website www.journeyenergy.ca. SECOND QUARTER 2018 HIGHLIGHTS Highlights for the second quarter and to date are as [Read more]
Heavy crude differential narrows slightly
The Canadian heavy oil differential narrowed against the West Texas Intermediate (WTI) benchmark on Tuesday:* Western Canada Select (WCS) heavy blend crude for September delivery in Hardisty, Alberta, settled at $31.00 a barrel below the WTI benchmark crude futures , according to Shorcan Energy brokers. That compared with Friday's settle of $31.15 under WTI.* The differential has grown as U.S. refiners plan more extensive than usual downtime for maintenance this autumn, and pipelines are [Read more]
Saudi Arabian crude oil imports to Canada easy to replace, says energy economist
CALGARY - Canada can easily replace the oil it imports from Saudi Arabia should relations with the Middle Eastern kingdom deteriorate to the point that trade in crude is halted, says an energy economist. But this week's trade tension escalation means Canada will be on the sidelines as the Saudis try to diversify their economy away from its dependence on oil and gas, said Omar Allam, a Canadian consultant who specializes in advice on doing business in Saudi Arabia. Eastern [Read more]
Cost to twin Trans Mountain pipeline now $1.9B higher, Kinder Morgan says
OTTAWA - Kinder Morgan Canada documents say expanding the Trans Mountain pipeline will cost the federal government another $1.9 billion beyond the company's original construction estimate and will take another full year to complete. The figure is included in documents Kinder Morgan Canada filed Tuesday with the United States Security and Exchange Commission related to the company's plan to sell the pipeline to the Canadian government for $4.5 billion. Kinder Morgan has long said [Read more]
Canada’s takeover of Trans Mountain pipeline to close in late 2018 -proxy
Kinder Morgan Canada now expects a takeover of its Trans Mountain crude oil pipeline to close in late 2018, with the Government of Canada funding construction of the expansion project through closing, the company said in a proxy filed on Tuesday.Kinder Morgan Canada shareholders will vote on the Canadian government's proposed C$4.5 billion ($3.45 billion) takeover on Aug. 30, the company said in a July 27, 2018 letter to shareholders posted in the proxy. The Trans Mountain pipeline [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. Posting Date Job Title Company Location Aug. 3 Electrical, Instrumentation & Controls Technician TransCanada Oyen Aug. 2 Field Operator Roska DBO Fox Creek Aug. 2 Plant Operator / 2nd Class [Read more]