Like New 24”x7’6” Sweet Foremost Separator 2 Phase Sweet Service 3” Sr. Meter Run 2 pen Dri flo Recorder Sur-flow BPCV 3” 600 Ansi Full Port ESD 2” Norriseal 2220 pneumatic dump valve PSHH and HLSD Shutdowns Methanol tank and pump 24”x24” Catadyne explosion proof heater $39,450.00 16”x 7’6” 1480 PSI Separators 1480 PSI 3 Phase dressed 2 Phase Fisher Control Valve w/ Fisher 4150 Methanol Tank and [Read more]
Headlines
Oil and gas professionals are attending this industry expo in droves. Here’s why.
No costly travel, No time restrictions, No hassle…just networking! The upcoming Industry Connect – Canada’s first virtual Oil & Gas expo – will bring together the biggest names in the industry on May 8-9, 2018 for a virtual trade show unlike anything the Oil & Gas industry has ever experienced. Unlike traditional trades shows that take up a lot of time, money, and resources, the Oil & Gas Industry Connect is going completely virtual. Our innovative trade show platform offers [Read more]
EIA Production estimates are way off the mark and so too may be future United States energy dominance
The term energy dominance has been eschewed by the US Department of Energy as the end game of the shale revolution with the resurgence of production to all time highs (oil, natural gas and NGL’s). Politicians and the media are singularly focused on when, not if US oil production will eclipse Russia (at 11.3 million bpd) and Saudi Arabia at (10.0 million bpd constrained). This viewpoint is understandable as oil is the largest hydrocarbon energy source and is fungible and easily transported. [Read more]
Private oil and gas company seeking drilling-ready prospects for 2018
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]
Vertex Resource Group Ltd. Fourth Quarter and Fiscal 2017 Financial Results Highlighted by 131% Increase in EBITDA per Share
Revenue of $35.8 million and EBITDA of $3.9 million fourth quarter 2017. Revenue of $118.4 million and EBITDA of $15.5 million in 2017. Sherwood Park, Alberta, March 19th, 2018 (TSX.V:VTX) - Vertex Resource Group Ltd. (Vertex or the Company) is pleased to report its financial and operational results for the fourth quarter and year ended December 31, 2017. The following should be read in conjunction with the Management Discussion and Analysis (“MD&A”) and the consolidated financials and [Read more]
U.S. actively looking into Venezuelan oil sanctions: official
WASHINGTON (Reuters) - The Trump administration is actively exploring options to impose sanctions on Venezuela’s oil sector, a senior U.S. official said on Monday, after the White House issued an executive order barring the use of Venezuelan cryptocurrencies. “We are considering all options, including oil sector sanctions options,” a senior administration official told reporters on a conference call. “We are actively considering what steps we want to take and what the best timing is to [Read more]
A small oil field in Oklahoma is seeing big bets from producers
A little-known shale oil play in Oklahoma is attracting more drilling and investment as risingout put from newer wells is enticing companies to boost production beyond the giant Permian basin in Texas. The Meramec formation is a part of what is called the STACK region - Sooner Trend Anadarko basin Canadian and Kingfisher counties - where companies such as Marathon Oil and Devon Energy bought up acreage following the oil slump in 2014. Those investments are now paying off as production [Read more]
Insignia Energy Ltd.: Non-Core Property Divestiture
Sayer Energy Advisors has been engaged to assist Insignia Energy Ltd. (“Insignia” or the “Company”) with the sale of its non-core oil and natural gas properties located in the Caroline, Birch-Mannville-Wildmere, Honeysuckle, Beaverhill Lake, Ferrier, Crystal, Thorsby, Crossfire, Doris-Corbett, and Widewater areas of Alberta, and the Ladyfern and Nig areas of British Columbia (the “Properties”). Total production net to Insignia from the Properties has averaged approximately 445 boe/d, consisting [Read more]
Point Loma Resources Announces 2017 Year-End Reserves and Year-End Reserve Evaluation of Recent Transaction
CALGARY, Alberta, March 19, 2018 (GLOBE NEWSWIRE) -- Point Loma Resources Ltd. (TSX VENTURE:PLX) (the "Corporation" or “Point Loma”) is pleased to report the results of its 2017 year-end reserves as evaluated by McDaniel and Associates Ltd. (“McDaniel”) and provide an update regarding its recently announced acquisition. Highlights: Total proved plus probable (“2P”) reserves of 4,452 mboe and proved (“1P”) reserves of 3,500 mboe for the Corporation, an increase of 119 percent and 128 [Read more]
TransCanada Expects No Material Financial Impact From Proposed Tax Actions by the Federal Energy Regulatory Commission
HOUSTON, March 19, 2018 (GLOBE NEWSWIRE) -- News Release – TransCanada Corporation (TSX:TRP) (NYSE:TRP) (TransCanada) released the following statement regarding the Federal Energy Regulatory Commission’s (FERC) recent pronouncements on income tax matters with respect to pipeline ratemaking: On March 15, 2018, FERC issued a Notice of Proposed Rulemaking (NOPR) and revised policy statement to address the treatment of income taxes for ratemaking purposes. There are two separate avenues for these [Read more]