Advantage Announces Glacier Gas Plant Expansion Update, Lowering Natural Gas Production & Increasing Liquids Rich Drilling

(TSX: AAV, NYSE: AAV) – CALGARY, April 19, 2018 /CNW/ – Advantage Oil & Gas Ltd. (“Advantage” or the “Corporation”) advises that as previously disclosed in our press release dated March 5, 2018, a production outage was scheduled at our 100% owned Glacier gas plant in April 2018 associated with expanding our plant capacity to 400 [Read More…]

Source: BOE Report

How A Flawed Study Turned Into A Billion Dollar Opportunity

Imagine an energy company spending 10 years exploring the Rawat oil concession in Sudan, Africa. During that time, they spent millions on shooting and acquiring 6,700 km of 2D seismic, shooting and interpreting 1,000 sq. km. of 3D seismic, and drilling 13 exploration oil wells. And while they did strike a little oil, incorrect seismic interpretation made them think that ...

Source: Oilprice.com

Trudeau Gives The Trans Mountain Pipeline Hope

Canadian Prime Minister Justin Trudeau said that Kinder Morgan’s Trans Mountain pipeline will be built, according to Reuters. “I have asked the finance minister to engage in discussions, financial discussions, with Kinder Morgan and that’s exactly what is going on,” he said. “We will ensure that this pipeline gets built in a way that upholds and protects the interests of ...

Source: Oilprice.com

Sanchez Energy Announces First Quarter 2018 Operating Results

HOUSTON, April 19, 2018 (GLOBE NEWSWIRE) — Sanchez Energy Corporation (NYSE:SN) (“Sanchez Energy” or the “Company”) today announced operating results for the first quarter 2018.  Highlights include: First quarter 2018 production of nearly 7.3 million barrels of oil equivalent (“MMBoe”), or 80,572 barrels of oil equivalent per day (“Boe/d”); The Company completed 73 gross wells, [Read More…]

Source: BOE Report

The One Man Who Could Send Oil To $100

The future of North Africa’s leading oil and gas producer Libya is once again under threat. International media reports that Libya’s strongman General Khalifa Haftar, leader of the LNA, the largest and strongest military power in the country, has had a stroke. Libyan and Arab news sites stumble over each other predicting the death or incapacitation of the Libyan military ...

Source: Oilprice.com

A Crisis At The Heart Of U.S. Shale

The bottlenecks in the Permian are starting to capture the attention of the oil market, raising the prospect that U.S. shale production does not live up to the hype. The frenzy in West Texas has predictably led to bottlenecks up and down the supply chain. Oil drillers are facing rising prices for labor, rigs, services and land. The lack ...

Source: Oilprice.com

Oil Cutoff Threatened as Canada Provinces Feud Over Pipeline (Thursday, 19 April 2018)

Canada’s inter-provincial fight over Kinder Morgan’s Trans Mountain pipeline escalated as oil-producing Alberta threatened to cut off fuel shipments to neighboring British Columbia.

Alberta on Monday introduced legislation allowing it to halt exports of oil and gas to B.C., ramping up pressure on the coastal province to drop its opposition to the pipeline expansion. Alberta Premier Rachel Notley ...

Source: The latest Oil and Gas Industry News - from oilandgaspeople.com

Cequence Energy Announces Asset Sale and Operations Update

CALGARY, April 19, 2018 /CNW/ – Cequence Energy Ltd. (“Cequence” or the “Company”) (TSX: CQE) is pleased to announce that it has disposed of its remaining assets located in north eastern British Columbia effective April 1, 2018, for nominal consideration. Upon closing of this transaction, Cequence becomes a pure Alberta operating entity with a corporate April, [Read More…]

Source: BOE Report

Senegal Has A Chance To Dodge The ‘Oil Curse’

Senegal is a newcomer to the oil industry, and as the international companies that ventured into the West African country and struck oil in 2014 are nearing final investment decisions on oil and gas projects, the key question for the future of Senegal’s economy and investment climate is: will the country escape the ‘resource curse’ that has plagued other countries ...

Source: Oilprice.com

Interior Department takes step toward drilling in Alaska’s Arctic National Wildlife Refuge

WASHINGTON — The Trump administration will take its first step toward oil and gas drilling in Alaska’s Arctic National Wildlife Refuge this week when it officially launches a 60-day review process for holding a lease sale in the pristine area.

A noticed to be published Friday in the Federal Register will start the environmental review process for setting up an oil ...

Source: Roseland Oil & Gas

Texas Oil And Gas Is Facing A Worker Shortage

A Texas oil and gas regulator says the industry can’t hire enough workers largely because of public perception.

Railroad Commissioner Wayne Christian spoke at state house hearing on Wednesday.

“The biggest threat is the misunderstanding of the oil and gas industry and the acceptance of the politically correct-driven, environmental, anti-oil and gas science,” explained Christian.

CLICK HERE TO READ THE ...

Source: Roseland Oil & Gas

Is OPEC Underestimating U.S. Shale?

The oil production cuts and healthy oil demand growth have helped the global inventory surplus to nearly vanish and it certainly looks very much like OPEC and allies have a “mission accomplished” within reach. That’s the verdict of the International Energy Agency (IEA), which said last week that OECD crude oil stocks at end-February were just 30 million barrels above ...

Source: Oilprice.com

How High Can Trump Push Oil Prices?

Saudi Arabia wants $100 oil and Donald Trump might help them achieve that goal. Behind the scenes, Saudi officials are eyeing $100 per barrel as a goal, which would help plug a chronic fiscal deficit, but more importantly, it would inflate the value of Saudi Aramco ahead of the company’s IPO next year. Up until only recently, it seemed that ...

Source: Oilprice.com

Cactus Announces Timing of First Quarter 2018 Earnings Release and Conference Call

HOUSTON–(BUSINESS WIRE)–Cactus, Inc. (NYSE: WHD) (“Cactus” or the “Company”) today announced that it will issue its first quarter 2018 earnings release after the market closes on Wednesday, May 9, 2018. The Company will host a conference call to discuss financial and operational results on Thursday, May 10, 2018 at 9:00 a.m. Central Time (10:00 a.m. [Read More…]

Source: BOE Report

USA Compression Partners, LP Announces First Quarter 2018 Distribution; First Quarter 2018 Earnings Release and Conference Call Scheduled for May 9

AUSTIN, Texas–(BUSINESS WIRE)–USA Compression Partners, LP (NYSE: USAC) (the “Partnership”) today announced a cash distribution of $0.525 per common unit for the first quarter of 2018, which corresponds to an annualized distribution rate of $2.10 per unit, flat from the fourth quarter’s distribution rate. The distribution will be paid on May 11, 2018, to unitholders [Read More…]

Source: BOE Report

Advance Notice of First-Quarter Financial Results for Shell Midstream Partners, L.P.

Houston, April 19, 2018 (GLOBE NEWSWIRE) — Shell Midstream Partners, L.P. (NYSE: SHLX) will host a conference call on Thursday, May 3rd at 8:30am CT to discuss 2018 first-quarter financial results. Shell Midstream Partners’ participants will be Kevin Nichols, president and chief executive officer and Shawn Carsten, chief financial officer.  Interested parties may listen to [Read More…]

Source: BOE Report

SHARC International Announces Non-Brokered $2.5 Million Private Placement

VANCOUVER, British Columbia, April 19, 2018 (GLOBE NEWSWIRE) — SHARC International Systems Inc.  (CSE:SHRC) (FSE:IWIA) (OTCQB:INTWF) (“SHARC”) is pleased to announce a Non-Brokered Private Placement (the “Private Placement”) and will be issued in connection with the creation and issue of an aggregate of 6,250,000 Units (“Units”) or 8,750,000 Units, if the Over-Allotment Option (“Over-Allotment”) is [Read More…]

Source: BOE Report