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The Alberta regulator takes aim at a growing backlog of inactive wells. Again.
Lloydminster heavy oil is one of the most profitable resource plays in North America, according Scotia Capital Inc.’s ranking of plays released in March.
Fracturing horizontal wells is an expensive proposition up front. In the emerging Duvernay shale play, Yoho Resources Inc. reported completion costs of $7 million per well—or a little over 58 per cent of the cost of drilling, casing and completing the well—this summer.
News
The City of Medicine Hat is suing the federal government for $42 million in response to the Emergency Order for the Protection of the Greater Sage-Grouse, and its impact on the city’s Manyberries oilfield interests.
JuneWarren-Nickle’s Energy Group (JWN) — a division of Glacier Media Inc. — is joining forces with Evaluate Energy, owners of the popular Canoils database, to expand the range of energy information intelligence and tools it offers its growing client base.
What the project’s owner is calling the world’s first post-combustion, coal-fired carbon capture and storage (CCS) project will be commissioned tomorrow near Estevan, Sask.
Editors’ Blogs
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Current Rig Activity
PROVINCE ACTIVE DOWN TOTAL
AB 304 261 565
SK 85 67 152
BC 49 17 66
MB 13 11 24
QC 0 1 1
Canada 451 357 808
Oil & Gas Prices
NYMEX-WTI
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NYMEX Natural Gas
USD 3.62 / MMBTU
AECO/NGX Spot Price
CAD 3.24 / GJ
This Month in Oilpatch History
And it’s equally clear that the energy ministry, above all others, will be counted on to generate much of the momentum towards renewed…
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