The Energy Department gave a Texas-based energy company permission Tuesday to export liquefied natural gas (LNG) to countries with which the U.S. does not have free trade agreements. Golden Pass Products will build an LNG export terminal capable of shipping 2.21 billion cubic feet per day (Bcf/d) of natural gas around the world. It’s the first LNG export terminal approved by the Trump administration, adding to the already 19.2 Bcf/d of exports approved by the Obama administration. The export [Read more]
Headlines
Alberta Court of Appeal upholds Redwater Energy decision
A court decision that gave secured creditors priority over environmental cleanup in the case of bankrupt Redwater Energy Corp. has been upheld by the Alberta Court of Appeal. The lawsuit has been closely watched as a precedent-setting case as bankruptcies continue to afflict the oil and gas industry after more than two years of low commodity prices. In a 2-1 decision released Monday, the appeal court upheld the ruling in favour of Grant Thornton, Redwater’s trustee in bankruptcy, and its [Read more]
If you’ve never built anything, please sit down: some realities of transitioning away from fossil fuels
Many careers move along a common path, regardless of the level of schooling. We come into professions with whatever knowledge we possess, acquired from who knows where, and then we find out what the job is really about. It’s often not what we thought or were exactly trained for – many university grads acknowledge they remember the beer but little else of what they learned – and the unique characteristics of a given job can only be learned by doing it for a while. This progression is the [Read more]
Colorado Paper Asks Why Bombing Syria Is Okay But Blowing Up Oil Wells Is Wrong
A Colorado newspaper asked The Daily Caller News Foundation Saturday why Americans believe it is morally justifiable to bomb Syria but wrong to ask anti-fracking activists to blow up oil and gas wells. Boulder Daily Camera Executive Editor Kevin Kaufman believes conservatives and liberals who support President Donald Trump’s decision to bomb Syria should also consider allowing anti-fracking activists the right to blow up oil and gas wells. He told TheDCNF that the two issues are essentially one [Read more]
PrairieSky Announces First Quarter 2017 Results
CALGARY, ALBERTA--(Marketwired - April 24, 2017) - PrairieSky Royalty Ltd. ("PrairieSky" or the "Company") (TSX:PSK) is pleased to announce its first quarter operating and financial results for the period ended March 31, 2017. 2017 First Quarter Highlights: Average royalty production of 26,812 BOE per day, 49% liquids Funds from operations of $67.3 million or $0.28 per share, basic and diluted Revenues of $80.3 million including $73.5 million of royalty revenue Leased land for [Read more]
Energy Navigator to present full-day courses in Type Well Construction
SPE Distinguished lecturers Lee, Freeborn, and Sidle to teach course in Calgary and The Woodlands Calgary, AB, Canada, April 24, 2017 – Each year, companies use typical well production profiles (type wells) to support billion-dollar expenditures to buy and develop oil and gas resources. Unfortunately, these type wells can often have unrepresentative rate-time profiles and recoveries over-stated by as much as 50%. Recently published studies have identified those type well creation practices [Read more]
Canada Weekly Rig Count Down 19 to 99
Western Canada’s fleet of drilling rigs are slowing down on account of seasonality in the drilling business with only 99 actively drilling according to data collected by Baker Hughes for the week of April 21. 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 [Read more]
Delphi Energy Corp. to Strengthen Board With Three New Directors; Harry S. Campbell to Serve as Board Chair
CALGARY, Alberta, April 24, 2017 (GLOBE NEWSWIRE) -- Delphi Energy Corp. (“Delphi” or the “Company”) is pleased to announce three new candidates to join Delphi’s Board of Directors (the “Board”). Glenn Hamilton, Peter T. Harrison and Ian Wild will be proposed for election at Delphi’s Annual General Meeting (“AGM”) on May 18th, 2017. All current Board members will be standing for re-election at the AGM. Adding these individuals will increase the Board to nine and fills the three vacancies on the [Read more]
Zargon Oil & Gas Ltd. Announces Board of Directors Changes
CALGARY, ALBERTA--(Marketwired - April 24, 2017) - K. James Harrison has advised Zargon (TSX:ZAR)(TSX:ZAR.DB.A) that he does not intend to stand for reelection for the Zargon Board of Directors at the upcoming Annual and Special Meeting of Shareholders to be held on May 30, 2017. K. James Harrison has been a director of Zargon since 1995, and his energy and counsel over the years have been invaluable. On behalf of the management and Board of Directors of Zargon, we would like to thank K. James [Read more]
P2’s SVP & Canadian GM Talks About New Software Bundle That Helps Oil and Gas Startups Get up and Running Quickly, Cost-Effectively
Michael Danielewicz, P2 Energy Solutions’ Senior Vice President and Canadian General Manager, sat down with the BOE Report to answer a few questions about Qbyte All Access. QAA provides a new way for Canadian oil and gas operators to leverage the industry-leading Qbyte software applications. What exactly is QAA? QAA is our new, all-in-one software package that includes land, accounting, AFE management, production accounting, and all the associated reporting capabilities – the ERP for an [Read more]