CALGARY, ALBERTA--(Marketwired - Jan. 30, 2018) - BlackPearl Resources Inc. ("we", "our", "us", "BlackPearl" or the "Company") (TSX:PXX) (OMX:PXXS) is pleased to provide a construction update on its Onion Lake thermal expansion project and Q4 2017 production information, as well as, announce the results of its 2017 independent year-end oil and gas reserve and resource evaluation. Highlights and accomplishments included: Construction of the Phase 2 expansion of the Onion Lake thermal [Read more]
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Emerald Bay Provides Update on Kuhn Wells
Calgary, Alberta (FSCwire) - Emerald Bay Energy Inc. (TSX Venture: EBY) (the “Company” or “Emerald Bay”) announced today that the Company has completed the initial phase of production testing on the Kuhn 4 well at the Company's Wooden Horse project in Southwest Texas. This phase involved perforating only a one foot interval in the Buda formation in order to test the inflow of oil and the potential inflow of formation water. The well has been producing a continuous oil cut for twenty one [Read more]
Connacher Announces Bitumen Royalty Transaction, Full Repayment of Interim Revolving Credit Facility and Extension of CCAA Stay
CALGARY, Jan. 30, 2018 /CNW/ - Connacher Oil and Gas Limited ("Connacher" or the "Company") is pleased to announce that it has received approval from the Court of Queen's Bench of Alberta (the "Court") in its proceedings under the Companies' Creditors Arrangement Act ("CCAA") to grant a bitumen royalty to Burgess Energy Holdings, L.L.C. ("Burgess") on all of the lands (the "Royalty Lands") containing bitumen together with the oil sands rights and interests owned by Connacher (the "Royalty") for [Read more]
B.C. creates more uncertainty for Trans Mountain with bitumen restriction
CALGARY - The B.C. government has launched its latest effort to hinder development of Kinder Morgan Inc.'s Trans Mountain expansion project with a proposal to at least temporarily restrict increases in diluted bitumen shipments. Environment Minister George Heyman said Tuesday that the province plans to ban the increase of oil exports until it can determine through an advisory panel that shippers are prepared and able to properly clean up a spill. "Our proposal is to restrict the [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 Jan. 29 Plant Operator Roska DBO Fort St. John Jan. 26 Sales Representative High Arctic Energy Services Grande Prairie Jan. 26 Snubbing Personnel High Arctic [Read more]
Corporate Divestiture: Centennial Petroleum Company Ltd.
Sayer Energy Advisors has been engaged to assist Centennial Petroleum Company Ltd. (“Centennial” or the “Company”) with a strategic alternatives process. Potential outcomes include, but are not limited to, a sale of the shares of the Company, a sale of the assets of the Company, or a business combination with another entity, private or public. Any and all other forms of consideration will be entertained. Centennial is a private, junior exploration and development company which holds mainly [Read more]
Crude Observations: Canada’s oilpatch not out of the woods yet despite better oil and gas prices
This is one of those weeks where there was a lot of stuff getting under my skin or poking at me. Irritatingly tapping me on the shoulder to the point where I almost felt the need to turn around and scream “What!?!?!?!” until I realized of course that my co-workers might very well have me committed! That little voice in the back of my head was pretty insistent, but not overbearing and what it kept repeating over and over was the same phrase – “we’re not out of the woods yet, eh?” Yes I know [Read more]
Sproule can help you gain professional development credits for 2018
Our 2018 training calendar is live. Refresh your knowledge or learn new concepts this year. Sproule courses can help you create a strategic economic and financial model for reserve based play types, conduct a counterparty risk assessment, or understand the technical or financial components and techniques of evaluating global oil and gas properties. Register today for upcoming training classes hosted at Sproule’s Calgary office: Reserves-Based Economic / Financial Modelling & [Read more]
Gibson Energy Announces Corporate Strategy and Actions to Accelerate Transition to Focused Oil Infrastructure Growth Company
CALGARY, Alberta, Jan. 30, 2018 (GLOBE NEWSWIRE) -- Gibson Energy Inc. (“Gibson” or the “Company”), (TSX:GEI), announced today its corporate strategy to accelerate its transition to a focused oil infrastructure growth company. As part of that strategy, the Company will divest several non-core businesses and target competitive distributable cash per share and dividend growth. The key attributes of the go-forward strategy are: Oil Infrastructure Focus: infrastructure to comprise [Read more]
The PJVA is bringing its courses In-House!
Beginning this Spring 2017, the PJVA will be offering its Joint Venture Certificate of Achievement program in-house! Hosted downtown at Associations Plus, this lecture based program is both written and delivered by well respected and experienced Joint Venture professionals. The courses have been tailored to meet the needs of Canadian Joint Venture Departments, and are designed with those both within and outside of the Canadian Oil & Gas Industry. Beginning February 1 with “Joint Venture [Read more]