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Marksmen Announces Update on Leaman 1-H Horizontal Well

CALGARY, Alberta, Feb. 14, 2018 (GLOBE NEWSWIRE) -- Marksmen Energy Inc. (TSXV:MAH) (OTCQB:MKSEF) (“Marksmen” or the “Company”) and Its wholly owned subsidiary, Marksmen Energy USA, Inc. are pleased to announce the following update on its Leaman 1-H Clinton Sandstone Horizontal well in Hocking County, Ohio.  The well is being drilled in conjunction with our working interest partners and is operated by Hocking Hill Energy (“HHE”). Drilling of this well has been slower than expected due to very [Read more]

U.S. crude oil, gasoline inventories rise: EIA

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(Reuters) - U.S. crude stocks rose less then expected last week, while gasoline stocks rose by more than analysts had forecast as refineries cut output, data from the Energy Information Administration showed on Wednesday. Crude inventories rose by 1.8 million barrels in the week to Feb. 9, short of analysts’ expectations for an increase of 2.8 million barrels. “With a big drop in refining activity as we descend deeper into maintenance season, we have seen a third consecutive build to crude [Read more]

Surge Energy Inc. Announces 2017 Year End Reserves; Over 10 Percent Increase in Net Asset Value to $6.06 Per Share; 9 Percent Increase in Reserves Per Share; Reinstitution of Share Buy Back

CALGARY, Feb. 13, 2018 /CNW/ - Surge Energy Inc. ("Surge" or the "Company") announced the results of its independent reserves evaluation (the "Sproule Report") effective December 31, 2017, as prepared by Sproule Associates Limited ("Sproule"). Surge is pleased to announce an increase in the Company's year-end 2017 net asset value ("NAV") of more than 10 percent per share over 2016, to $6.06 per share. Sproule's 2017 year end price forecast has 2018 WTI crude oil prices below current average [Read more]

Oil and gas leaders collaborate using blockchain technology to help cut costs

After oil and gas prices took sharp declines in the latter part of 2014, the following years forced production companies to rethink how their business operated. With tight capital budgets, razor thin profit margins (for the lucky few), and no sign of improving oil and gas economics, organizational efficiency became imperative. How were oil and gas companies to streamline their operations and somehow generate a return for their shareholders? At some point, even the best hedges from $100 oil [Read more]

Column: With a tanking share price and layoffs, this energy executive still made $20 million

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How much money did you make last year? According to 2017 filings, Ryan Lance the CEO of ConocoPhillips, made nearly $20,000,000 USD. In 2015, the year ConocoPhillips laid off hundreds of employees in Calgary, Ryan Lance made approximately $21,000,000 USD. Hardly seems fair does it? Odds are that you probably know someone who lost their job at ConocoPhillips and is still recovering from the financial and psychological implications. For example, it is not uncommon to hear stories of [Read more]

GuildOne’s Royalty Ledger settles first royalty contract on R3’s Corda blockchain platform

CALGARY, ALBERTA – (GLOBE NEWSWIRE – Feb. 14, 2018) - GuildOne Inc. (“GuildOne” or the “Company”) is pleased to announce the first execution of a royalty smart contract using the Company’s new Royalty Ledger application on R3’s Corda blockchain platform. The announcement was made at the Blockchain, IoT and Machine Learning in Oil and Gas Conference on February 14th in Calgary, Alberta. Utilizing blockchain technology, Royalty Ledger successfully executed an oil royalty contract settlement and [Read more]

Divestco Logs: 50 Years’ Experience and going Strong

Since 1968 Divestco and is subsidiaries have been an integral part of the logs and well data in Western Canada and the world. Whether you are looking for: Off the shelf and ready to go data: Our database includes over 6.3 Million Digital Logs, 2.6 million Raster Logs, 90 Thousand Directional Surveys, 5.4 Thousand Digital Strip Logs, 1.5 Million Scanned Well Documents. High Quality Digitizing: We have digitized over 1,000,000 logs in Western Canada and the World with 50 years of [Read more]

Chinook Energy Inc. Announces Its Unaudited 2017 Year End Results and Reserves

CALGARY, Alberta, Feb. 13, 2018 (GLOBE NEWSWIRE) -- Chinook Energy Inc. ("Chinook" or the "Company") (TSX:CKE) today announced its unaudited 2017 year end results and the results of its year end reserve evaluation effective December 31, 2017 as prepared by its independent evaluator.  Chinook's audit of its 2017 annual consolidated financial statements is not yet complete and accordingly all financial amounts referred to in this news release are unaudited and represent management's [Read more]

Yangarra Announces 2017 Year End Corporate Reserves Information

CALGARY, Feb. 13, 2018 /CNW/ - Yangarra Resources Ltd. ("Yangarra" or the "Company") (TSX:YGR) releases the results of 2017 year end oil and gas reserves evaluation. Reserve Report Highlights: The independent reserves report prepared by Deloitte LLP is effective as of December 31, 2017 ("2017 Reserve Report").  All reserves information contained in this press release is based on the 2017 Reserve Report. Unless specifically indicated, all financial and operational information in this [Read more]