Western Divestments Inc. has been retained by Convega Energy Ltd. to assist in the sale of its 100% operated working interest at Cessford, Alberta in T24 R13/14 W4M. Located approximately 200 km east of Calgary, the property consists of just over 640 acres of crown land with P&NG rights from Surface to Base Mannville excl. NG in the Colorado and Blairmore Formations. There are no overrides and no ROFR’s associated with this property. There are seven wells on the property four of which [Read more]
Headlines
Oil price rise insufficient to boost Canadian oilpatch spending, analysts agree
CALGARY - A recent surge in oil prices will boost the bottom line of Canadian oil and gas producers but remains well below the minimum level needed to encourage increased investments in the oilsands or conventional oil and gas, energy analysts say. U.S. benchmark West Texas Intermediate crude prices recovered Wednesday to US$52.14 per barrel after sliding Tuesday but stopped short of the five-month-high close of US$52.22 per barrel on Monday, which was up more than 20 per cent from lows [Read more]
Court tells Ottawa to reconsider pipeline approval on B.C. reserve
VANCOUVER - The Federal Court of Appeal has set aside a government decision approving the expansion of Kinder Morgan's oil pipeline through the Coldwater Indian Band reserve south of Merritt, B.C. In a split decision, the three-judge panel ruled the federal minister of aboriginal and northern affairs failed to assess the impacts of a pipeline easement on the Coldwater band. The ruling says the minister had a continuing duty to protect the band's interests on its reserve from an [Read more]
New Canadian gas plant helps Encana recover production lost due to hurricane
CALGARY - Encana Corp. (TSX:ECA) says it will meet corporate production guidance this year despite losing an average of 3,500 barrels of oil equivalent per day in the third quarter from U.S. operations it suspended while hurricane Harvey rampaged through Texas. The Calgary-based oil and gas producer says the earlier-than-expected startup of a natural gas processing plant in B.C. this week will boost Canadian production enough to make up for the setbacks in Texas, as well as natural gas [Read more]
Heritage Royalty: Palliser Q3 2017 Prospects
Heritage Resource Limited Partnership referred to as “Heritage” is marketing fee simple mineral rights for Farmout/Lease with respect to a Mannville prospect on the Palliser Block. The prospect areas identify horizontal development opportunities in the Mannville Group by using subsurface analog data. Highlights Tide Lake North T18/19 R11/12 W4M 35.5 contiguous sections of available PNG in Mannville* Partial 3D/Full 2D Seismic coverage available for review. *Details found at [Read more]
Painted Pony announces executive appointment
CALGARY, Sept. 27, 2017 /CNW/ - Painted Pony Energy Ltd. ("Painted Pony" or the "Corporation") (TSX:PONY) is pleased to announce a key addition to the Painted Pony executive leadership team with the upcoming appointment of Mr. Rick Kessy as Chief Operating Officer. Effective October 1, 2017, Mr. Kessy will oversee all aspects of the Corporation's well activities and field operations, including drilling and well completion operations, production facilities and infrastructure, and production [Read more]
‘A huge boon:’ Alberta town hopes to pull new kind of energy from old gas well
EDMONTON - An Alberta town is planning to pull a different kind of energy from the abandoned oil and gas wells that ring its outskirts. Hinton, west of Edmonton on the edge of the Rocky Mountains, is teaming up with academic researchers and the private sector to install what may be Canada's first geothermal heating system in its downtown core. And some say it could change the ground rules for industry all over Alberta. "It would be a huge boon for the economy of this [Read more]
Encana delivers new Montney plant ahead of schedule; company continues to outperform five-year plan
CALGARY, Alberta, Sept. 27, 2017 (GLOBE NEWSWIRE) -- Encana (TSX:ECA) (NYSE:ECA) successfully started up the Tower processing plant ahead of schedule and under budget on September 20. The plant is the first of three Veresen Midstream facilities that support Encana's condensate-focused growth plan in the Montney. The Tower facility is in the process of ramping up. The two other new plants, Sunrise and Saturn, are also ahead of schedule and under budget with Sunrise expected to start up by [Read more]
Outstanding Duvernay Potential Available for Farm-in
Available for farm-in, a section of Crown P. & N.G. rights (Base Mannville to basement) located in the heart of high OOIP (AER/AGS Open file Report “Hydrocarbon Resource Potential of the Duvernay Formation in Alberta – Update” July 2017) with over 20 million barrels per section. With considerable open Crown available, these lands are ideally located for a well timed with a Crown posting. Contact Paul at jolifou@telusplanet.net. Paul M. Gagnon President Joli Fou Petroleums [Read more]
Veresen Announces Start-Up of Tower Rich Gas Processing Plant and Expects Remaining Processing Plants Currently Under Construction In-Service by Year-End
CALGARY, ALBERTA--(Marketwired - Sept. 27, 2017) - Veresen Inc. ("Veresen") (TSX:VSN) is pleased to announce the successful start-up of the Tower rich gas processing plant on September 20, 2017, ahead of schedule and under budget. The Tower processing plant has the capacity to process 200 mmcf/d of natural gas, and is the first of three Veresen Midstream facilities that support Cutbank Ridge Partnership's ("CRP") condensate-focused growth plan in the Montney in the Dawson region of Northeast [Read more]