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First—the good news. Although many oilsands developers are cutting their capital budgets, projects well under way will not only survive current and expected low oil prices but will also see their costs fall, say industry analysts.
The 2015 winter drilling season is over, and it’s been a bad one across the board for western Canadian service companies.
Crude-by-rail has emerged as a critical piece of the energy transportation landscape in North America, enabling meaningful growth in market access despite pipeline projects being stalled in the regulatory process. But the benefits of the opportunity don’t have to end with producers and rail operators: an Alberta government official sees a possible opportunity for market diversification for oilsands manufacturers, too.
This practical 3-day log workshop will illustrate log responses to rocks and their fluids. Once these simple relationships (common throughout the world) are understood, you can recognize permeability, hydrocarbons and identify rock and fluid types easily. The session will also include illustrated techniques for recognizing log validity. Participants are encouraged to bring their own logs to complement existing real-life case studies.
Dan Polley, president and CEO of Broadview Energy Ltd., has drafted an open letter to Premier-elect Rachel Notley containing a proposal for near-term investment stability. The letter was sent this week to shareholders of the Alberta-based junior.
Producers have spud 1,876 wells to the end of April, off about 50 per cent from 3,817 wells in the year-prior period.
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This Month in Oilpatch History
MID-CONTINENT OIL & GAS STANDARD OIL OF B.C's MID-CONTINENT No. 4 reached the Taber sand about 3,260 ft, made a drill-stem test with bottom…
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