Support in Canada for the expansion of Kinder Morgan Canada Ltd's contentious Trans Mountain pipeline is rising, according to a poll released on Wednesday, even as British Columbia said it would file a legal challenge by month-end. Two out of three Canadians now say that the government of British Columbia is wrong to try to block the $7.4 billion pipeline, according to a poll by the Angus Reid Institute, a 10-percentage point increase since February. Even in B.C., support for the pipeline [Read More…]
Headlines
U.S. oil inventories drop on strong demand
April 18 (Reuters) - U.S. oil stockpiles fell across the board last week with gasoline and distillates drawing down more than expected on stronger demand, sending crude prices to fresh three-and-a-half-year highs. Crude inventories fell 1.1 million barrels in the week to April 13, the Energy Information Administration said on Wednesday, compared with analysts’ expectations for a decrease of 1.4 million barrels. Gasoline stocks dropped by 3 million barrels, compared with analysts’ [Read More…]
Corporate Divestiture: WLA Investment Ltd.
Sayer Energy Advisors has been engaged to assist WLA Investment Ltd. (“WLA” or the “Company”) with the sale of the shares of the Company. WLA is a privately-held company with one shareholder. WLA currently holds interests in oil and natural gas properties located in the Pembina and Leduc-Woodbend areas of central Alberta (the “Properties”). The Company’s stable, low-decline oil production comes predominantly from its interests in the Blue Rapids Cardium Unit No. 1 and the Leduc Woodbend [Read More…]
Pengrowth Provides Clarification With Regards to NYSE Listing
CALGARY, Alberta, April 18, 2018 (GLOBE NEWSWIRE) -- Pengrowth Energy Corporation (TSX:PGF) (NYSE:PGH) is providing a clarification to its news release dated April 18, 2018 regarding the listing of shares on the New York Stock Exchange (NYSE). It is the intention of the Company to continue trading on the NYSE until the end of the compliance cure period, which is expected to be June 1, 2018. If at that time, the Company regains compliance through an increase in its share price, then the intent of [Read More…]
Pengrowth Provides Update to Exchange Listings to Align With Its New Focus
CALGARY, Alberta, April 18, 2018 (GLOBE NEWSWIRE) -- Pengrowth Energy Corporation (TSX:PGF) (NYSE:PGH) today announces that after careful consideration and in contemplation of the previous delisting notices received by Pengrowth from the New York Stock Exchange (NYSE), the Board of Directors of Pengrowth has decided not to take any further steps towards the implementation of a compliance plan, which would have included effecting a reverse stock-split of the Company’s common stock, in order to [Read More…]
The Big Melt is (finally) on! Want to know if your pipeline water crossings are going to be affected?
Did you know that there are over 314,000 pipeline water crossings in Western Canada? Do you know how many of them impact your pipelines? We can tell you. With the spring melt finally on (hopefully!) it’s time to bring pipeline water crossing management to the forefront of your overall integrity management program. Backed by Explore Integrity and GDM Pipelines, gX Insight offers the industry’s only complete crossing management solution. While other tools may help by identifying potentially [Read More…]
Birchill Canada – Success in the Spirit River
CALGARY, April 17, 2018 /CNW/ - Birchill Canada is pleased to report that its 100% owned shallow-cut gas plant was placed on production this past weekend. The gas plant is located in the Brazeau/Chambers area at 4-13-43-13W5 with current capacity of 45 Mmcf/d; expandable to 100 Mmcf/d. The plant is tied in via meter station directly to the NGTL main line. Birchill expects to operate the plant at capacity with natural gas/liquids sourced from its recently completed 100% WI drilling [Read More…]
Painted Pony announces discovery well test results on Beg block in northeast British Columbia
CALGARY, April 17, 2018 /CNW/ - Painted Pony Energy Ltd. ("Painted Pony" or the "Corporation") (TSX: PONY) is pleased to announce significant discovery test results for the first Montney horizontal well drilled on the Beg block (the "Well"). This production test provided early flow data and liquids yields, and increases Painted Pony's confidence in the potential of this block. Beg Well Test Results Painted Pony drilled an upper Montney horizontal test well to a vertical depth of 1,800 meters [Read More…]
Delphi Announces Adoption of Advance Notice By-Law
CALGARY, Alberta, April 17, 2018 (GLOBE NEWSWIRE) -- Delphi Energy Corp. (“Delphi” or the “Company”) (TSX:DEE) today announced the adoption by its Board of Directors of By-law No. 3 of the Company (the “Advance Notice By-law”), a by-law establishing a framework for advance notice of nominations of directors by shareholders of the Company (“Shareholders”). The Advance Notice By-law is similar to the advance notice by-laws adopted by many other Canadian public companies. Specifically, it [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. Posting Date Job Title Company Location Apr. 16 Service Rig Personnel High Arctic Energy Services Blackfalds Apr. 16 Snubbing Personnel High Arctic Energy Services Blackfalds Apr. 16 Nitrogen Pump [Read More…]
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