Western Canadian Sedimentary Basin

Distinction Energy Corp. Files First Quarter 2021 Results

Retrieved on: 
Tuesday, May 25, 2021
Western Canadian Sedimentary Basin, Duvernay Formation, Frasnian Stage, Calgary, Geography of Canada, Geology, Advantage Energy, Crew Energy

CALGARY, Alberta, May 25, 2021 (GLOBE NEWSWIRE) -- Distinction Energy Corp. (Distinction or the Company) announces that it has filed its first quarter financial statements and related managements discussion and analysis for the three months ended March 31, 2021 with the Canadian securities regulatory authorities on SEDAR.

Key Points: 
  • CALGARY, Alberta, May 25, 2021 (GLOBE NEWSWIRE) -- Distinction Energy Corp. (Distinction or the Company) announces that it has filed its first quarter financial statements and related managements discussion and analysis for the three months ended March 31, 2021 with the Canadian securities regulatory authorities on SEDAR.
  • Distinction is an oil and natural gas company based in Calgary, Alberta, focused on the exploration, development, and production of crude oil, natural gas and natural gas liquids produced primarily from the Montney and Duvernay formations.
  • Distinctions operations are concentrated in the Deep Basin of Northwest Alberta.
  • Distinction is headquartered in Calgary, Alberta.

Oil & Gas Deal Value Falls 88% in 1Q21 to $3.4 Billion

Retrieved on: 
Thursday, April 8, 2021
Geology, Sedimentary rocks, Bakken Formation, Western Canadian Sedimentary Basin

The report shows $3.4 billion in deal value was transacted an 88% decline from 4Q20.

Key Points: 
  • The report shows $3.4 billion in deal value was transacted an 88% decline from 4Q20.
  • Q1 deal activity largely focused on production-heavy assets in legacy oil plays.
  • Combined, the Bakken and Eagle Ford accounted for two-thirds of deal value.
  • A strong rally in crude oil prices improving cash flow from these more developed areas likely helped spur the additional buyer interest.

Distinction Energy Corp. announces changes to executive officers

Retrieved on: 
Tuesday, April 6, 2021
Western Canadian Sedimentary Basin, Early Triassic, Montney Formation, Triassic, Geology of Canada, Geology

CALGARY, Alberta, April 06, 2021 (GLOBE NEWSWIRE) -- Distinction Energy Corp. (Distinction or the Company) announces that, effective April 5, 2021 and pursuant to previously disclosed plans to rebuild Distinction from last years CCAA process, the executive officers of the Company have been reconstituted as follows:

Key Points: 
  • CALGARY, Alberta, April 06, 2021 (GLOBE NEWSWIRE) -- Distinction Energy Corp. (Distinction or the Company) announces that, effective April 5, 2021 and pursuant to previously disclosed plans to rebuild Distinction from last years CCAA process, the executive officers of the Company have been reconstituted as follows:
    Mr. Timothy Schneider has resigned as President and Chief Executive Officer and Mr. Patrick Carlson has been appointed President and Chief Executive Officer of the Company in his place.
  • The current membership of the board of directors of Distinction remains unchanged.
  • Distinction Energy Corp. is a leading junior oil and gas company focussed on liquids-rich natural gas produced primarily from the Montney formation.
  • The use of the barrel of oil equivalent (boe) measurement may be misleading, particularly if used in isolation.

ARC Resources and Seven Generations to Hold Special Shareholder Meetings on Proposed Business Combination

Retrieved on: 
Monday, March 1, 2021
Oil, Gas, Energy, ARC Resources, Calgary, Western Canadian Sedimentary Basin, Geography of Canada, Montney Formation, the Business Combination, the Companies

ARC Resources Ltd. ("ARC") and Seven Generations Energy Ltd. ("Seven Generations") announced today that they have filed a joint management information circular (the "Circular") dated March 1, 2021 and related meeting and proxy materials in connection with the proposed business combination (the "Business Combination") to create the premier Montney producer and leader in responsible energy development.

Key Points: 
  • ARC Resources Ltd. ("ARC") and Seven Generations Energy Ltd. ("Seven Generations") announced today that they have filed a joint management information circular (the "Circular") dated March 1, 2021 and related meeting and proxy materials in connection with the proposed business combination (the "Business Combination") to create the premier Montney producer and leader in responsible energy development.
  • View the full release here: https://www.businesswire.com/news/home/20210301005700/en/
    ARC and Seven Generations agreed to combine their respective businesses and entered into a business combination agreement dated February 10, 2021.
  • The voting directors of both ARC and Seven Generations have unanimously approved the Business Combination and ask that shareholders vote in favour of the resolutions.
  • Upon completion of the Business Combination, the combined company will operate as ARC Resources Ltd. and remain headquartered in Calgary, Alberta.

Construction set to start on the 2021 NOVA Gas Transmission Ltd. (NGTL) System Expansion Project

Retrieved on: 
Tuesday, October 20, 2020
Environment of Canada, Geography of Canada, Environmental issues in Canada, Wet'suwet'en, Fuel gas, Geology of Canada, Geology of Alberta, Western Canadian Sedimentary Basin, WCSB, Coastal GasLink Pipeline, Natural gas, TC Energy

NGTL expects that this approval will allow it to immediately progress construction activities in accordance with regulatory requirements, with compressor station field work expected to begin in December 2020 andpipeline construction activities expected to start inJanuary 2021.

Key Points: 
  • NGTL expects that this approval will allow it to immediately progress construction activities in accordance with regulatory requirements, with compressor station field work expected to begin in December 2020 andpipeline construction activities expected to start inJanuary 2021.
  • Were pleased to be moving forward with this project, said Tracy Robinson, Executive Vice-President, President Canadian Natural Gas Pipelines and President Coastal GasLink.
  • In Canada, we have a very large natural gas source known as the Western Canadian Sedimentary Basin (WCSB) in addition to smaller natural gas sources.
  • According to the Canadian Gas Association, natural gas meets 35 per cent of Canadas energy needs through heat and power.

BNK Petroleum Inc. Announces First Quarter 2020 Results

Retrieved on: 
Thursday, May 7, 2020
BNK Petroleum, Petroleum, Natural gas, Nature, Universe, Western Canadian Sedimentary Basin

In this news release and the Company's other public disclosure:

Key Points: 
  • In this news release and the Company's other public disclosure:
    The Company's natural gas production is reported in thousands of cubic feet ("Mcfs").
  • The Company also uses references to barrels ("Bbls") and barrels of oil equivalent ("Boes") to reflect natural gas liquids and oil production and sales.
  • Forward looking information involves significant known and unknown risks and uncertainties, which could cause actual results to differ materially from those anticipated.
  • BNK Petroleum Inc. is an international oil and gas exploration and production company focused on finding and exploiting large, predominately unconventional oil and gas resource plays.

BNK Petroleum Inc. Announces First Quarter 2020 Results

Retrieved on: 
Thursday, May 7, 2020
BNK Petroleum, Petroleum, Natural gas, Nature, Universe, Western Canadian Sedimentary Basin

In this news release and the Company's other public disclosure:

Key Points: 
  • In this news release and the Company's other public disclosure:
    The Company's natural gas production is reported in thousands of cubic feet ("Mcfs").
  • The Company also uses references to barrels ("Bbls") and barrels of oil equivalent ("Boes") to reflect natural gas liquids and oil production and sales.
  • Forward looking information involves significant known and unknown risks and uncertainties, which could cause actual results to differ materially from those anticipated.
  • BNK Petroleum Inc. is an international oil and gas exploration and production company focused on finding and exploiting large, predominately unconventional oil and gas resource plays.

PIPESTONE ENERGY CORP. ANNOUNCES 2019 ANNUAL FILINGS AND APPROVAL OF LONG-TERM INCENTIVE AWARDS TO DIRECTORS AND MANAGEMENT

Retrieved on: 
Tuesday, March 17, 2020
Pipestone, Western Canadian Sedimentary Basin, PETRONAS Canada, Economy of Canada

It is expected the above noted RSUs and PSUs will be issued on or about March 20, 2020.

Key Points: 
  • It is expected the above noted RSUs and PSUs will be issued on or about March 20, 2020.
  • Pipestone Energy Corp. is an oil and gas exploration and production company with its head office located in Calgary, Alberta.
  • The company is focused on developing its pure-play condensate-rich Montney asset in the Pipestone area near Grande Prairie, Alberta.
  • Pipestone Energy is committed to building long term value for our shareholders and values the partnerships that it is developing within its operating community.

Growth of Sidetracking Market to be Impacted by the Production Optimization of Mature Oil and Gas Fields| Technavio

Retrieved on: 
Monday, March 16, 2020
Oil, Gas, Energy, Petroleum geology, Petroleum, Petroleum reservoir, Petroleum production, Unconventional oil, Western Canadian Sedimentary Basin, Navitas Land and Mineral Corporation

The production efficiency of oil from a mature oil and gas field starts declining when the field attains its production peak.

Key Points: 
  • The production efficiency of oil from a mature oil and gas field starts declining when the field attains its production peak.
  • However, an efficient oil and gas drilling operation can improve the success rate of projects involving oil and gas recovery from mature fields.
  • This is encouraging oil and gas companies to boost productivity and optimize oil and gas recovery by employing techniques such as sidetracking and EOR.
  • Thus, the need for production optimization of mature oil and gas fields will boost the growth of the market during the forecast period.

Leading Bakken Producer Turns to Cold Bore SmartPAD to Digitize Completion Operations

Retrieved on: 
Wednesday, January 22, 2020
Software, Technology, Energy, Oil, Gas, Geology of the United States, Petroleum, Bakken Formation, Western Canadian Sedimentary Basin, Hydraulic fracturing, Sedimentary rocks

Cold Bore Technology Inc. (Cold Bore), a leader in fracking completion optimization technology, announced today that one of the largest oil producers in North Dakotas Bakken Formation has integrated the companys proprietary SmartPAD technology.

Key Points: 
  • Cold Bore Technology Inc. (Cold Bore), a leader in fracking completion optimization technology, announced today that one of the largest oil producers in North Dakotas Bakken Formation has integrated the companys proprietary SmartPAD technology.
  • The SmartPAD platform allows for ultra high-resolution operations data to be captured, analyzed and acted on in real-time.
  • This results in higher levels of efficiency, increased transparency and a safer onsite environment for workers.
  • Cold Bore Technology Inc. (Cold Bore) is a global leader in completion optimization technology, developing the first Completions Operating System through Cold Bores SmartPAD service.