Today’s energy market action: Oil prices take a step back, dragged lower by falling equity markets. Brent declines 0.6%, ending Monday just above US$70/bbl. WTI, Canadian Light and WCS also give back about 1%. Today’s treasury, currency and equity market action: China boosts tariffs on US imports, sending markets and…

We are tracking 41 Operators who had 144 new well permits approved last week.  The map below shows the permit count and location.  

Interesting News In the other new section we have lots of information, most of the Operators are reporting increased profits with the addition revenue focused on reducing debt versus production growth.  The exceptions are; Tamarack Valley anticipates that approximately 65% of its drilling program will occur in the second half…

Today’s energy and equity market update: Crude benchmarks little changed for the day. Cdn Light and WCS post fourth consecutive week of losses. Henry Hub gains over 2% for the week. Stellar jobs report helps loonie pair losses from earlier in the week. TSX energy sector logs third consecutive week of declines. SPX…

Today’s energy and equity market update: Brent and WTI move higher, reversing Tuesday’s losses. Canadian benchmarks rise over 1%, on par with WTI. Heating oil and gasoline gain 1%, while Henry Hub rises 3%. SPX energy little changed while TSX energy moves up almost 2%. US refining stocks worst hit subsector despite higher…

Texas Accounts First Well License Since Dec 1 2018 or Greater Triple S Gas, Inc._48546189_9_WICHITA COUNTY REGULAR Primary Field TEXAS SHALLOW OIL & GAS, LLC_50342429_9_YOUNG COUNTY REGULAR Primary Field TETTLETON, STEVEN B._33735470_9_MONTAGUE COUNTY REGULAR Primary Field PETROPLEX SWD SYSTEM, LLC_31742248_8_SPRABERRY (TREND AREA) Primary Field TDC ENGINEERING, INC_20732953_7_EIGHT HIGH (4800) Primary…

oday’s energy and equity market update: Traders dump stocks and commodities, as US/China trade talks fizzle. Brent drops 2%, and ends Tuesday below US$70. WCS drops 2%, as heavy oil discount widens to US$12.50. Gasoline gives back another 2.4%, falling below US$2/gal. TSX energy falls 1.3%, while SPX energy drops 0.6%. Today’s…

Today’s energy and equity market action: Crude benchmarks nudge up slightly. C5+ gains almost 1%, as differential to WTI narrows. Henry Hub gives back another 2%. Trump threatens major increase in Chinese import tariffs …… sending global equity markets for a wild ride. Energy sectors little changed on TSX/SPX. US refining…

Interesting News Plains Midstream Canada (PMC) today announced that it is constructing a new 50,000 barrel per day crude oil terminal in Mitsue, Alberta, on its Rainbow Pipeline system, supported by long-term commitments from area producers. Rangeland Midstream Canada, Ltd. announced its plans to design, construct and operate new crude…

ALBERTACdn Press • AER director quits ahead of being fired by KenneyCBC • Trident Exploration ceases operations and abandons 4,700 wellsBNN • Suncor CEO: Crude-by-rail ‘doesn’t make sense to us’PostMedia • Suncor urges peace with BC and end to curtailmentAB Gov’t • Bill C-69: Statement from Premier KenneyPostMedia • After 50 yrs of trying to diversify…