Eagle Energy Assumes Operatorship Of Dixonville Properties In Alberta
Dixonville properties are a key legacy asset. Eagle Energy will bring on behind pipe production after infrastructure is upgraded, and will begin a field study evaluating waterflood and artificial lift.
Blackbird Enters Gas Handling Agreement For Elmworth Montney Gas
Blackbird's infrastructure solution will include a battery, a pipeline gathering system and a water disposal system that will support future production growth.
Athabasca Closes Canada Light Oil JV With Murphy Oil
Athabasca has appraised and developed its significant Duvernay and Montney land position in Greater Kaybob and Placid, drilling 26 Duvernay wells at Greater Kaybob and five Montney wells at Placid.
Repair Crews Assess Canada Wildfire Damage, Oil Firms Plan Restart
In one encouraging sign for the oil and gas industry, Shell said on May 9 it restarted production at a reduced rate at its Albian oil sands mining operation in Alberta, adding it plans to fly staff in and out.
Oil Rises After Canada Wildfire Knocks Out Production
The lost capacity is equivalent to well over a third of the country's typical daily production, and almost all of Canada's crude from oil sands is exported to the U.S.
Petronas Canada LNG Project Chief Sees Investment Decision In Months
Long considered a front-runner in the race to build Canada's first LNG export project, the consortium behind Pacific NorthWest pledged last June to start construction as soon as it was approved by regulators, eyeing the end of 2015.
Glacier Montney Production Increased To Record 200 Million Cubic Feet Equivalent Per Day
Advantage also said that Upper Montney wells will cost $4.5 million, and Lower Montney wells will cost $5.5 million, based on an average of 25 frack stages per well.
Alberta's Well Clean-Up Plan Puts Pressure On Small Producers
Consulting firm Deloitte has warned that a third of oil and gas producers could go bankrupt this year, prompting some observers to voice concerns the program may not have enough funds to cover the clean-up costs of the wells currently on the OWA's books.
Bank Of Canada: Oil Shock Recovery Will Take More Than Two Years
Deputy Governor Lynn Patterson said a simulation run by the bank suggested it would be several years before the economy found a new balance.
Canadian Spirit Resources To Shut-In Montney Gas Production
"This is an easy business decision. It makes no economic sense to produce our natural gas at a loss and at the same time deplete our reserves," said the company's CEO.