Western Canada’s fleet of drilling rigs are slowing down on account of seasonality in the drilling business with only 85 actively drilling according to data collected by Baker Hughes for the week of May 19. Drilling activity is starting to slow down, but still very active in comparison to last year’s count. Will will see a continued drop in activity due to the upcoming spring breakup. Rigs activity will stay low likely until June, when activity will start to pick up again. From one week [Read more]
Headlines
Canbriam Energy Reports Emergency Incident at Altares b-24-H Natural Gas Processing Facility
CALGARY, May 18, 2017 /CNW/ - Canbriam Energy ("Canbriam") is investigating the cause of an isolated fire that started at approximately 12:30 am MT within its Altares b-24-H natural gas processing facility. The facility is located approximately 50 kilometers north of Hudson's Hope, British Columbia and 120 kilometers west of Fort St John, British Columbia. The b-24-H facility was immediately shut down and the site was evacuated as part of the Emergency Response Plan protocol. There were no [Read more]
Blackbird Energy Inc. Provides Operations Update Regarding Its Previous Completion Programs, Its Planned Capital Program at Pipestone and the Roll-Out of Stage Completions
CALGARY, ALBERTA--(Marketwired - May 18, 2017) - Blackbird Energy Inc. ("Blackbird" or the "Company") (TSX VENTURE:BBI) is pleased to provide an operations update regarding its previous completion programs, its planned fiscal 2017 / 2018 capital program at Pipestone and Stage Completions Inc.'s ("Stage") commercial roll-out, a company in which Blackbird owns a 10% minority interest. Completions Update In late 2016 and early 2017, Blackbird drilled and completed its 102/2-20, 3-28 and [Read more]
Jean and Kenney set out process to form United Conservative Party
EDMONTON, AB (May 18, 2017): Today, Wildrose Leader, Brian Jean, and PC Leader, Jason Kenney, signed a historic agreement in principle (AIP) that establishes the process to unify both parties into the United Conservative Party. The AIP sets out how the parties will wind down their respective operations once the membership of each party has ratified the unity agreement. Ratification votes will be determined by each party in the coming weeks. Should the memberships of both parties ratify the [Read more]
Toscana Energy Commences Normal Course Issuer Bid
CALGARY, Alberta, May 18, 2017 (GLOBE NEWSWIRE) -- Toscana Energy Income Corporation ("Toscana" or the "Corporation") (TSX:TEI) today announces that a Notice of Intention to commence its Normal Course Issuer Bid (the "Bid") has been approved by its Board of Directors (the "Board") and has been filed with and accepted by the Toronto Stock Exchange. The Corporation believes that the purchase of its shares at recent market prices is a worthwhile investment since, in its view, recent market prices [Read more]
BOE Report launches land sale results page
BOE Report is pleased to announce a new page that shows the map locations of historical and future land sales in Alberta, BC, and Saskatchewan. The data is provided by CWD Inc., one of North America's leading oil and gas data providers. The map is powered by Foxterra, a leading web map services company that specializes in configuring maps to be used internally or as a public facing page. The map was designed to be simple to use and for users to be able to search the results of future and [Read more]
Primavera Resources Corp. announces acquisition of Montney acreage and closing of equity financing by ARC Financial Corp.
CALGARY, ALBERTA (May 17, 2017) Primavera Resources Corp. (“Primavera” or the “Company”) is pleased to announce the closing of an acquisition of 18,400 net acres of Montney rights located in the Goose area of NE BC. Concurrent with the acquisition, Primavera closed an equity financing by ARC Financial Corp. (“ARC Financial”) that will support a strategy to delineate and develop the full potential of this high quality asset. Primavera is a private company focused on capturing and developing [Read more]
Leucrotta Exploration Inc. Announces Closing of Acquisition
CALGARY, ALBERTA--(Marketwired - May 17, 2017) - Leucrotta Exploration Inc. ("Leucrotta" or the "Company") (TSX VENTURE:LXE) is pleased to announce that, further to its press release dated April 5, 2017 wherein the Company announced that it had agreed to acquire 18.5 net sections of undeveloped land (the "Lands") located within the Corporation's core area encompassing 116 gross (105 net) sections of the Lower Montney Turbidite Light Oil Resource Play pursuant to a purchase and sale agreement and [Read more]
Painted Pony Announces Name Change
CALGARY, May 17, 2017 /CNW/ - Painted Pony Energy Ltd. ("Painted Pony" or the "Corporation") (TSX:PPY) is pleased to announce that its name has changed from "Painted Pony Petroleum Ltd." to "Painted Pony Energy Ltd.". On May 11, 2017, shareholders authorized an amendment to the Articles of the Corporation to change the name of the Corporation by filing articles of amendment, in the prescribed form, with the Registrar under the Business Corporations Act (Alberta). The certificate of [Read more]
ConocoPhillips Completes Sale of Foster Creek Christina Lake Partnership Interest and Western Canada Deep Basin Gas Assets to Cenovus
HOUSTON--(BUSINESS WIRE)--ConocoPhillips (NYSE: COP) today completed its previously announced transaction with Cenovus (TSX: CVE) (NYSE: CVE) to sell its 50 percent nonoperated interest in the Foster Creek Christina Lake (FCCL) oil sands partnership, as well as the majority of its western Canada Deep Basin gas assets. ConocoPhillips Canada retains its operated 50 percent interest in the Surmont oil sands joint venture and its operated 100 percent Blueberry-Montney unconventional acreage [Read more]