Sayer Energy Advisors has been engaged to assist Forge Oil & Gas Limited (“Forge” or the “Company”) with the sale of its prospective Duvernay oil rights located in the Huxley and Bonnie Glen areas of Alberta (the “Properties”). The Huxley lands are located within the Ghost Pine Embayment and the Bonnie Glen lands are within the Westerdale Embayment (collectively the “East Shale Basins”) of Alberta. Rights available consist of all P&NG from the Base of Mannville to Basement. In [Read more]
Headlines
Pengrowth Reaches Agreement to Sell Remaining Swan Hills Properties for $150 Million
CALGARY, ALBERTA--(Marketwired - Sept. 6, 2017) - Pengrowth Energy Corporation (the "Company" or "Pengrowth") (TSX:PGF) (NYSE:PGH) today announced that it has entered into an agreement for the sale of its remaining Swan Hills assets in North Central Alberta for total cash consideration of $150 million, subject to customary adjustments. When combined with the approximate $18 million deposit from the initial sales process which was terminated on July 11, 2017, total consideration for the sold [Read more]
Tidewater Midstream and Infrastructure Ltd. Extends and Increases Take-or-Pay Processing Agreement at Brazeau River Complex
CALGARY, Alberta, Sept. 06, 2017 (GLOBE NEWSWIRE) -- Tidewater Midstream and Infrastructure Ltd. ("Tidewater" or the "Company") (TSX VENTURE:TWM) is pleased to announce that in its ongoing effort to maximize utilization and secure long-term volumes it has extended the term of a take-or-pay processing agreement by an additional two years to December 2020 and increased the volume commitment by approximately 10 MMcf/d to 30 MMcf/d with provision to deliver volumes up to 45 MMcf/d throughout the [Read more]
Calgary energy brokers launch consolidated crude index
Two Calgary energy brokers have joined forces to start a Canadian crude index that consolidates their trading data and will be published by energy information firm Enerdata, the companies said on Wednesday. One Exchange and Marex Spectron say aggregating their indices into one will provide more clarity in the Canadian cash market, greater liquidity and more accurate benchmark pricing for trading financial contracts. At present the Canadian crude market is served by a number of brokers [Read more]
Trans Mountain announces contractors for expansion project
CALGARY, Sept. 6, 2017 /CNW/ - Kinder Morgan Canada Limited (TSX:KML) is pleased to announce that Trans Mountain has selected or signed memorandums of understanding with six contractors with experience delivering pipeline and major infrastructure projects in British Columbia and Alberta, in anticipation of planned construction activities in September 2017. The pipeline construction and associated terminal expansions are expected to take approximately 28 months to complete, with the work [Read more]
Harvey damage prompts TransCanada to extend pipeline open season
CALGARY, Alberta, Sept 6 (Reuters) - TransCanada Corp will extend the open season on its Keystone pipeline system by a month because of the unprecedented flooding and damage caused by Hurricane Harvey slamming into the Gulf Coast region in late August, the company said on Wednesday. Shippers will now have until Oct. 26 to sign up for committed capacity on the existing Keystone and proposed Keystone XL pipelines that will carry crude from Alberta’s oil sands to Cushing, Oklahoma and the Gulf [Read more]
Oilsands crude pellets touted as cure for industry’s bitumen transport ills
CALGARY - A new technology that transforms heavy crude oil into pill-sized pellets could cure the oilsands industry's transportation headaches, according to University of Calgary professor Ian Gates. The newly patented technique creates self-sealing balls of bitumen of various sizes that can then be moved in coal rail cars or transport trucks with less risk of environmentally harmful spills, thus reducing the need for new pipelines, he said. The technology was discovered [Read more]
Oil up after Harvey fallout, but Hurricane Irma heads to Caribbean
Oil prices rose on Wednesday as strong global refining margins and the reopening of U.S. Gulf Coast refineries provided a more bullish outlook after sharp drops due to Storm Harvey. Brent had gained 82 cents to $54.20 a barrel by 1215 GMT. U.S. West Texas Intermediate (WTI) crude futures were up 55 cents at $49.21 a barrel. "Prices are extending the momentum seen in the last few days due to a number of U.S. refineries restarting after Harvey," said Harry Tchilinguirian, head of commodity [Read more]
Corporate Divestiture: Jayhawk Resources Ltd.
Sayer Energy Advisors has been engaged to assist Jayhawk Resources Ltd. (“Jayhawk” or the “Company”) with a corporate sales process. The Company provides an attractive acquisition opportunity with existing low-decline, shallow natural gas production. Jayhawk currently has a high LLR rating, no debt, positive working capital and no severance obligations. Operated production from its main property in the Minnehik area of Alberta includes ownership in all associated facilities, which provides [Read more]
This Modern Sour Gas Facility is Now Shut Down; Who else can employ this?
10MMSCFD Sour Gas Facility For Immediate Sale! Save Millions of Dollars and Months of Time by Installing this Facility - Shut down Only 2 weeks ago! Quick Points: Shut down August 2017 - All Gas has been diverted to a 3rd Party Processor The Most Modern Plant on the Market - 26 Million Dollars spent by PennWest in 2012 in upgrading and new construction Good Throughput Capacity with room for expansion Excellent Condition - Passed detailed mechanical & I/E [Read more]