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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.
By the time a steam assisted gravity drainage (SAGD) well reaches the blowdown stage, its life is effectively over. But shed no tears, it’s been a good life, and there may be a few more years of production left.
News
A group of mayors in the natural gas-rich region of northeastern British Columbia have forged a coalition to advocate for their communities in light of growing energy sector development.
While TransCanada Corporation’s proposed Energy East crude oil pipeline has the support of most of New Brunswick’s political parties, it’s a different story with shale gas as voters head to the polls Sept. 22 for a provincial election.
Tim McMillan, a former energy and resources minister in the Saskatchewan government, will become president of the Canadian Association of Petroleum Producers effective Oct. 1. 2014.
Editors’ Blogs
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C.W. DANIEL, president SHELL CANADA "new taxes on oil and gas revenues the excise tax on oil and gas production and the elimination of…
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