LONDON (Reuters) - The world’s biggest trading houses said on Wednesday they saw oil prices not falling below $65 per barrel and possibly breaking above $100 next year as U.S. sanctions on Iran reduce crude exports from the Islamic republic. Oil has rallied this year on expectations the sanctions, coming into force on Nov. 4, will test the ability of the Organization of the Petroleum Exporting Countries and others to fill the supply gap as shipments from OPEC member Iran decline. Brent [Read more]
Headlines
ISH Energy Ltd.: Non-Core Property Divestiture
Sayer Energy Advisors has been engaged by ISH Energy Ltd. (“ISH” or the “Company”) to assist with the sale of certain non-core assets located in the Kirby and Cecilareas of Alberta and the Edam area of Saskatchewan (the “Properties”). In the Kirby area of Alberta, ISH holds the P&NG rights from surface to basement, or from surface to the base of the Mannville Group, in 108.25 sections of Crown land, excluding the oil sands rights in the Wabiskaw and McMurray formations. ISH holds a 100% [Read more]
Prosper Petroleum Ltd – Meota Lake heavy oil property sale
Prosper Petroleum Ltd. has retained CB Securities Inc. as its exclusive advisor for the sale of the Meota Lake heavy oil property. Highlights 81% to 100% working interest in 3,200 contiguous acres Large heavy oil OOIP of ~118 MMBbls on interest lands It is only recently that the technology to produce this heavy oil has been utilized in the Lloydminster heavy oil area Prosper commenced development in the area in 2011 with horizontals Learning curve for Prosper, but Serafina [Read more]
Obsidian Energy Announces Operational Update and Investor Day Details
CALGARY, Oct. 10, 2018 /CNW/ - OBSIDIAN ENERGY LTD. (TSX – OBE, NYSE – OBE.BC) ("Obsidian Energy", the "Company", "we", "us" or "our") is pleased to announce an operational update and timing details for our third quarter results and Investor Day. Operational Update Obsidian Energy is on track to deliver meaningful 2019 light oil production growth from our Willesden Green Cardium program. The second half 2018 Cardium drilling program has been evaluated across a range of pricing and crude [Read more]
Most residents allowed home after pipeline explosion near Prince George, B.C.
PRINCE GEORGE, B.C. - Most residents of a northern B.C. community are being allowed back into their homes after a gas pipeline ruptured, sparking a massive blaze. RCMP say the explosion happened at about 5:30 p.m. PT Tuesday and forced about 100 members of the nearby Lheidli T'enneh First Nation from their homes. Officials say it was from an Enbridge natural gas pipeline in Shelley, B.C., about 15 kilometres northeast of Prince George. Police say residences within several kilometres [Read more]
geoLOGIC systems ltd. to Welcome BetaZi Co-Founders at its Annual Technical Showcase
Calgary, Alberta- October 4, 2018 — geoLOGIC systems ltd. is excited to welcome two of the founders of BetaZi LLC, Janette Conradson, CEO, and Dr. Heidi Kuzma, CTO, to discuss the science behind the basinINTEL joint product with staff and clients. The Alberta-California partnership brings together the strengths of Canadian data experts and those of Berkeley computer learning pioneers and geoscientists with basinINTEL, a data-driven, pre-run production forecasting solution for all of Western [Read more]
Upcoming CAPL Courses and Lunch & Learns
Here is the upcoming list of courses offered by CAPL. For more information, click on a course link below or visit landman.ca Date Course Category Status Oct 10 2018 Alberta Oil Sands Tenure (afternoon) Regulations closed Oct 11 2018 British Columbia Surface Rights (PSL®) Surface and Mineral open Oct 16 2018 Royalty Agreements (morning) Agreements and Contractual Issues closed Oct 16 2018 Royalty Calculations (afternoon) Agreements and Contractual [Read more]
24/7 Compression Ltd. and Belair Power & Production Equipment Inc. Announce Successful Merger
CALGARY, Oct. 10, 2018 /BOEReport.com/ – 24/7 Compression Ltd. (“24/7” or the “Company”) and Belair Power & Production Equipment Inc. are pleased to announce the successful merger between the two companies. “We are very excited to combine the two entities and continue on our growth path,” added President Rob Byzitter. “With the ongoing recovery in the WCSB, improved global energy prices and large scale LNG projects in Canada moving forward, this merger prepares us to offer our existing and [Read more]
Heritage Royalty: Palliser South – Princess Prospect
Heritage Royalty is currently marketing Fee Simple mineral rights for lease on its Palliser Block in Southern Alberta. Click here to view more detailed information Formations: Highly prospective for Mannville & Mississippian Interest Type: Fee Simple/Freehold Interest: 100% Currently Producing: No More information found at PNGexchange.com [Read more]
International Petroleum Corp. to Acquire BlackPearl Resources Inc. in Strategic Business Combination of High Quality, Long Life Producing Assets and Exciting Organic Growth Opportunities
CALGARY, Oct. 10, 2018 /CNW/ - International Petroleum Corp. ("IPC") (TSX, Nasdaq Stockholm: IPCO) and BlackPearl Resources Inc. ("BlackPearl") (TSX: PXX, Nasdaq Stockholm: PXXS) are pleased to announce that they have entered into an agreement under which IPC will acquire all of the shares of BlackPearl based upon a share exchange ratio of 0.22 shares of IPC for each BlackPearl share (the "Transaction"). Based upon a volume weighted average price (VWAP) of the IPC Shares for the last thirty [Read more]