Capex budgets based on stronger commodity pricesAfter most Canadian energy companies reported their Q3 earnings, they began announcing capital expenditure budgets for 2018, often based on assumptions that oil and gas prices would continue to improve. MEG Energy’s capex budget calls for $510 million funded from internally generated cash flow and cash on hand (PG 1). Husky Energy announced plans to boost its 2018 capex 33% to a midpoint of $3.0 billion (PG 1). Enbridge Inc. announced a strategic...
Dec 13, 2017
Dealmakers (Short Stories; September 28)-Arcis Seismic Solutions said Luis ugo joined the company as geophysical advisor - business development South America, and Mike Cardell has joined the company as senior sales representative - surveys.
- Baytex Energy Corp. appointed Daniel Anderson as president of its wholly-owned subsidiary, Denver-based Baytex Energy USA Ltd.
- Britt Land Services appointed Brittney Ramsay president.
- Bucking Horse Energy Inc. appointed Vinko (Victor) Barcot Jr. to the company's board.
- C&C Energia Ltd....
Sep 28, 2011
Explorers (Short Stories; September 21)- Aroway Energy Inc. appointed Dave Contrada manager of engineering.
- Base Oil & Gas Ltd. intends to seek approval of shareholders at its September 13 annual meeting to change its name to Marquee Petroleum Ltd.
- Bayshore Petroleum Corp. appointed Anna Lentz CFO.
- Bengal Energy Ltd. appointed Garrett Wilson vice president, engineering and operations; John Jackson Australia country advisor; J.L. Narasimham advisor of Indian operations; Richard Edgar executive vice president and Gordon...
Sep 21, 2011
CS - Finance Briefs - December 11,2019DXI Energy Inc. placed 31,994,400 units privately with investors at $0.03 each for $944,184 in net proceeds, upsized from an initially contemplated $750,000 equity sale. The units comprised one common share and a warrant to buy another common share at $0.04 for one year. DXI, which focuses on the Peace River Arch and US Piceance Basin, will use net proceeds to convert its gas processing facilities at Woodrush, British Columbia, into a methanol production facility and for general working...
Dec 11, 2019
CS - People Briefs - March 05, 2019Cequence Energy has hired Allan
Mowbray as CFO, effective March 15.
Mowbray is a CPA with more than 25
years of experience. Most recently, he was
CFO at a publicly traded oil field services
company. Kevin Nielsen was interim
contract CFO during the company’s
financial restructuring in 2018. ClearStream Energy Services Inc.
named Karl Johannson to the company’s
board. Johannson has extensive
operational experience in upstream and
midstream, including natural gas pipelines
and in...
Mar 05, 2019
People Briefs - August 15, 2018Obsidian Energy named
Aaron Smith as the company’s VP,
Development. Smith has more than
20 years of engineering
expertise in positions of VP,
Production at a diversified
oil and natural gas company based in
Calgary. In addition, Mark Hodgson has
transitioned to the role of VP, Operations
and E&P Services, and Andrew Sweerts
has assumed the role of VPm, Business
Development and Commercial. Permex Petroleum Corp. has
named Peter Dorrins and Dianna
Goldstein as advisory board...
Aug 15, 2018
Drilling & Production Briefs - November 11, 2015• Blackbird Energy drilled, logged and cased its third 100% WI well at Elmworth at 2-20-70-7W. The well included a 2,000 m horizontal leg targeting the Middle Montney formation. It will be completed using NCS sliding sleeve frac technology, with 71 individual foam fracs over the horizontal. • Corridor Resources has restarted production from its gas wells in New Brunswick’s McCully field. The company shut in most of those wells in May because of low prices. Corridor expects volumes...
Nov 11, 2015
Drilling & Production Briefs - November 11, 2015• Blackbird Energy drilled, logged and cased its third 100% WI well at Elmworth at 2-20-70-7W. The well included a 2,000 m horizontal leg targeting the Middle Montney formation. It will be completed using NCS sliding sleeve frac technology, with 71 individual foam fracs over the horizontal. • Corridor Resources has restarted production from its gas wells in New Brunswick’s McCully field. The company shut in most of those wells in May because of low prices. Corridor expects volumes for...
Nov 11, 2015
Production Briefs - Apr. 26, 2012• Alberta Star Development Corp.'s newly drilled well (50% WI) on its Landrose property in west central Saskatchewan has been producing at 140 bpd (net of a 7% water cut). The company has also applied for a license to re-enter a shut-in well (50% WI) in the Landrose area during Q2 12. Alberta Star plans to target the untapped MacLaren formation.• Arcan Resources Ltd. drilled 16 wells since the beginning of its 2011/2012 Ethel winter drilling program, including 11 wells drilled in 1Q12....
Apr 26, 2012
People Briefs - April 26, 2012• Africa Hydrocarbons Inc. appointed Gordon McKay as a director and Charidy Lazorko as CFO.• Bonterra Energy Corp. said CEO Randy Jarock will retire for personal reasons effective June 30. He will become a member of the board.• Cougar Oil and Gas Canada Inc. said Glenn Watt resigned as president to pursue other interests internationally. Watt will continue to serve on the board and as a consultant while the company is in CCAA. Wm Tighe has assumed the role of interim...
Apr 26, 2012
People Briefs - March 30, 2012• Baytex Energy said Michael Kaluza, formerly vice president of planning, has been promoted to vice president of corporate development and planning. Kendall Arthur has been named vice president of the company's newly-created Saskatchewan business unit. Rick Ramsay, formerly vice president of the company's heavy oil business unit, has been appointed vice president of the Alberta/British Columbia business unit.• CanElson Drilling Inc. appointed Ronald Barmby as vice-president and...
Mar 30, 2012
People Briefs - March 14, 2012• 3MV Energy Corp. appointed Brian Radiff as vice-president, corporate development, and Tom Campbell as vicepresident, land. Alex Francoeur has been appointed to its board of directors.• Almont Emissions Inc. has appointed Darren Bezubiak as manager, sales and marketing.• Butte Energy Inc. appointed Ty Pfeifer as vice-president, business development.• CanElson Drilling Inc. appointed Ronald Barmby as vice-president...
Mar 14, 2012
Earnings Briefs - December 01, 2011- Border Petroleum Corp. booked a net loss of $772,223 in the company's fiscal second quarter compared with a loss of $220,749 for the same period last year. Oil and gas revenues were $873,376 compared with $220,209 last year. Quarterly production was 236 boe/d compared with 40 boe/d. Border is increasing the size of its previously announced offering to 81 million common shares at $.21 per share and 24 million flow-through shares at $.25 per share for aggregate gross proceeds of ~$23...
Dec 01, 2011
Earnings Briefs - October 07, 2011- Bellamont Exploration Ltd. recorded petroleum and natural gas sales of $13 million in 2Q11, up 37% compared with $9.5 million in 2Q10. Net income for the quarter was $1.8 million compared with a loss of $684,000 last year. Bellamont's production averaged 2,549 boe/d in the second quarter, essentially flat compared with last year's second quarter. The company has spent $8.4 million to date on building its new core land positions and plans to announce an updated capital program and guidance in...
Oct 07, 2011
People & Company Briefs - October 07, 2011- Greenfields Petroleum Corp. appointed David Gullickson to the position of corporate senior vice-president, finance, treasurer and CFO.
- At Hemisphere Energy Corp.'s August 31 general meeting, management's nominees for director; Don Simmons, Charles O'Sullivan, Frank Borowicz, Bruce McIntyre, Greg Sadler and Gregg Vernon, were re-elected.
- ILI Technologies (2002) Corp. changed of the name of the company to Cdn Oilfield Technologies & Solutions Corp.
- Petrodorado Energy Ltd. president...
Oct 07, 2011