Canada’s largest and most comprehensive drilling research database now serves up data and insights for nearly 160,000 wells across the WCSB Calgary, AB, November 29, 2017 – Calgary data and software company XI Technologies Inc. announced today that their innovative drilling data share project, TourXchange (pronounced “tower exchange”), has grown by 4,619 wells since September 2017 and now includes digital well tour data for 158,719 wells. The enhanced drilling data in TourXchange coupled [Read more]
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Leucrotta Announces Q3 2017 Financial and Operating Results
CALGARY, Alberta, Nov. 29, 2017 (GLOBE NEWSWIRE) -- LEUCROTTA EXPLORATION INC. (TSXV:LXE) (“Leucrotta” or the “Company”) is pleased to announce its financial and operating results for the three and nine months ended September 30, 2017. All dollar figures are Canadian dollars unless otherwise noted. HIGHLIGHTS Increased production 216% to 3,123 boe/d in Q3 2017 from 989 boe/d in Q3 2016 (increased 19% from 2,629 boe/d in Q2 2017). Increased funds from operations 1,509% to $1.7 [Read more]
Cequence Energy Announces Credit Facility Amendment
CALGARY, Nov. 28, 2017 /CNW/ - Cequence Energy Ltd. (the "Company" or "Cequence") (TSX:CQE) is pleased to announce that the Company has completed its semi annual review of its senior credit facilities with its syndicate of lenders. As part of such review, the Company's borrowing base under the credit facilities has been reduced from $20 million to $12 million. The Company's credit facilities remain undrawn as of the date of this press release other than outstanding letters of credit of $4.1 [Read more]
Ironhorse Announces Q3 2017 Financial and Operating Results
CALGARY, Nov. 28, 2017 /CNW/ - Ironhorse Oil & Gas Inc. ("Ironhorse" or the "Company") (TSX-V: IOG) announces its financial and operating results for the three and nine months ended September 30, 2017. Financial and Operation Summary The Company's reported production declined 37% to 104 boe/d in the third quarter of 2017 compared to 165 boe/d produced in the second quarter of 2017. The current quarter production was impacted by unanticipated downtime and repair and maintenance work on [Read more]
Blackbird Energy Inc. Announces Year End 2017 Reserves, Financial and Operating Results
CALGARY, Alberta, Nov. 28, 2017 (GLOBE NEWSWIRE) -- (TSX-V:BBI) Blackbird Energy Inc. (“Blackbird” or the “Company”) is pleased to announce its reserves, financial and operational results for the year ended July 31, 2017. Blackbird’s audited consolidated financial statements, management’s discussion and analysis, annual information form and statement of reserves data and other oil and gas information, as mandated by National Instrument 51-101 – Standards of Disclosure for Oil and Gas Activities [Read more]
Prairie Provident Announces TSX Acceptance for Normal Course Issuer Bid
CALGARY, Alberta, Nov. 28, 2017 (GLOBE NEWSWIRE) -- Prairie Provident Resources Inc. ("Prairie Provident" or the "Company") announces that the Toronto Stock Exchange ("TSX") has accepted for filing the Company's notice of intention to make a normal course issuer bid ("NCIB"). Pursuant to the NCIB, Prairie Provident may repurchase from time to time up to a maximum of 4,900,000 common shares, at such times and in such quantities as the Company may determine, subject to applicable regulatory [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. Nov. 28 Contract Field Operator Roska DBO Hardisty Nov. 28 Nitrogen Operator (Fracturing Services) STEP Energy Services Red Deer Nov. 28 Supervisor (Fracturing Services) STEP Energy Services Red [Read more]
XI Technologies whitepaper cautions against using LLR to estimate ARO
Calgary, AB, November 28, 2017 – Calgary-based oil and gas data and software company XI Technologies Inc. has published a whitepaper outlining 5 key reasons why Alberta Energy Regulator’s (AER’s) Licensee Liability Rating (LLR) should not be used to estimate long-range Asset Retirement Obligation (ARO) for Alberta operating and non-operating oil and gas companies. Initially created in the early 2000s, LLR was never designed to be used for estimating ARO. Doing so could lead companies to overlook [Read more]
Saturn Oil + Gas Inc. Announces Asset Exchange Agreement and Operational Update
SASKATOON, SASKATCHEWAN--(Marketwired - Nov. 28, 2017) - Saturn Oil + Gas Inc. ("Saturn" or the "Company") (TSX VENTURE:SMI)(FRANKFURT:SMK) is pleased to announce it has entered into an Asset Exchange Agreement with a major Viking producer and successfully completed drilling operations on its first two Viking horizontal wells. Saturn has transferred 50% of its net working interest in one section of land in the Lucky Hills pool, with rights from surface to base Viking, in exchange for two [Read more]
TransCanada says it expects enough shipper support to advance Keystone XL
CALGARY - TransCanada Corp. (TSX:TRP) said Tuesday it has started to engage with Nebraska landowners along the alternate route of its Keystone XL pipeline approved last week. Speaking at an investor day in Toronto, Dean Patry, senior vice-president of liquids, said the company continues to review the regulatory approval from the Nebraska Public Service Commission, but has already started speaking with new stakeholders. "The alternate route would involve a number of new landowners [Read more]