2018 OCTG Forecast | What’s in the Cards for the Coming Year? 

Anadarko November 2017 Cover

Photo Courtesy Anadarko Petroleum Corp.

Susan Murphy PublisherEach November we examine numerous oilfield metrics to determine what might be in the cards for the coming year. Will the deck be stacked in favor of or against OCTG in 2018? Here’s our read.

On November 30, the powers that be (OPEC) met to determine whether to double down on the production quotas they ...

Marquee Energy Ltd. Announces Filing of Amended and Restated MD&A for the Year Ended December 31, 2016

 /NOT FOR DISTRIBUTION TO U.S. NEWS SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/ CALGARY, Nov. 30, 2017 /CNW/ – Marquee Energy Ltd. (“Marquee” or the “Company”) (TSXV: “MQX”) announces a refiling of its Management, discussion and analysis ('MD&A') for the twelve months ended December 31, 2016 due to a clerical error at the time. [Read More…]

Source: BOE Report

Contango Provides Corporate and Operational Update

HOUSTON, Texas, Nov. 30, 2017 (GLOBE NEWSWIRE) — Contango Oil & Gas Company (NYSE MKT:MCF) (“Contango”) announced today an update on corporate activity and operations on its Southern Delaware Basin acreage in Pecos County, Texas.        Corporate Activity Trading Volume Contango experienced an unusually high volume of trading in its shares yesterday (11/29/17), [Read More…]

Source: BOE Report

Keyera Corp. Announces $429.4 million Public Offering of Common Shares

CALGARY, ALBERTA–(Marketwired – Nov. 30, 2017) – Keyera Corp. (TSX:KEY) (“Keyera”) announced today that it has entered into a financing agreement with a syndicate of underwriters co-led by RBC Capital Markets and National Bank Financial Inc. under which Keyera will issue 12,200,000 common shares (“Common Shares”) on a “bought deal” basis at an issue price of [Read More…]

Source: BOE Report

Keyera Announces Natural Gas Handling Agreements and Capital Investments at its Simonette Gas Plant

CALGARY, Nov. 30, 2017 /CNW/ – Keyera Corp. (TSX:KEY) (“Keyera”) today announced that it has entered into 10-year gas handling agreements with Athabasca Oil Corporation (“AOC”) and Murphy Oil Company Ltd. (“Murphy”) to process natural gas production from their Montney and Duvernay operations west of Fox Creek, Alberta. Both gas handling agreements include take-or-pay commitments and [Read More…]

Source: BOE Report

Saturn Oil & Gas Inc. to Complete a $500,000 Non-Brokered Private Placement

SASKATOON, SASKATCHEWAN–(Marketwired – Nov. 30, 2017) – Saturn Oil & Gas Inc. (“Saturn” or the “Company”) (TSX VENTURE:SMI)(FRANKFURT:SMK) announces a non-brokered private placement (the “Private Placement”) of up to 3,333,333 units (the “Units”) at a price of $0.15 per Unit for gross proceeds of up to $500,000. Each Unit consists of a one common share [Read More…]

Source: BOE Report

Birchcliff Energy Ltd. Announces Declaration of Common Share Quarterly Dividend and Preferred Share Dividends

CALGARY, ALBERTA–(Marketwired – Nov. 30, 2017) – Birchcliff Energy Ltd. (“Birchcliff”) (TSX:BIR) is pleased to announce that its board of directors has declared the following quarterly cash dividends for the calendar quarter ending December 31, 2017: Shares TSX Stock Symbol Dividend per Share Common Shares BIR $0.025 Cumulative Redeemable Preferred Shares, Series A BIR.PR.A $0.523375 [Read More…]

Source: BOE Report

Arctic drilling hits speed bumps in U.S. tax bill

WASHINGTON (Reuters) – A quest by Republicans to open Alaska’s Arctic National Wildlife Reserve was slowed after a nonpartisan Senate official ruled late on Wednesday that the exploration was subject to environmental assessments by the Interior Department. Senator Lisa Murkowski, a Republican from Alaska and the head of the Senate energy panel, has been pushing [Read More…]

Source: BOE Report

Case Study: Project Management Service Utilizes Technologies to Deliver Wells Ahead of Schedule

Multi-team solutions improve drilling efficiencies, saving average of 72 days of rig time

Challenge – Formation problems along with drilling complexities were causing time delays and high costs for the customer. Halliburton was asked to implement its technologies, engineering services, and experience to optimize drilling and increase efficiency for the operator, as well as to unite its services and subject matter experts, through project management, to develop robust solutions.

Solution – The Halliburton project management team worked closely with the other Halliburton PSL teams to capture best practices and share lessons learned. Drill Bits & Services customized polycrystalline diamond compact (PDC) bits for each section in order to drill from shoe to shoe. Sperry Drilling replaced wireline logging with Logging-While-Drilling (LWD) tools, and cured losses with new technology that optimized BHA and mud motor selections. Baroid engineered and implemented drilling fluids that combated the formations that were susceptible to the losses, along with stability concerns, sulfurous water influxes, and shale swelling. With its Circumferential Acoustic Scanning Tool (CAST™) technology, the Cementing team provided the best bonding results for the production casing and liner. The Wireline and Perforating team and the Completion Tools team provided improvements in drilling optimization. This PSL collaboration produced drilling efficiencies that ultimately reduced both well delivery time and nonproductive time (NPT).

Download the case study (PDF) below to read more.

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Rimrock Energy Partners, LLC Announces Gas Gathering and Processing System in the Northwest Portion of the Wattenberg Field in the DJ Basin

DALLAS, Nov. 30, 2017 /PRNewswire/ — Rimrock Energy Partners, LLC (“REP”) is pleased to announce that it has commenced construction of a new natural gas processing facility and extensive gas gathering system in Weld County, Colorado (the “Pierce Plant & Gathering System”). The new gathering and processing system will serve producers in the northwest portion of [Read More…]

Source: BOE Report