oil & gas assets

Canadian Scout

Serving the Canadian E&P market with news, analysis and business opportunities.

Canadian Scout
The Canadian Scout (blue banner report) covers news and analysis on the Canadian exploration and production (E&P) sector including new well discoveries, drilling activities, acreage sales, industry statistics (drilling results, activity permits & intents to drill) and technological updates. Besides composite E&P news, the Canadian Scout also carries market insight, analyst comments and respected featured interviews with leading E&P executives.

  • Covering exploration & production
  • Single copy pricing; Includes hard copy & email version
  • Increase market insight & deal flow
  • Every 3 weeks
  • Latest in exploration, discoveries, resource plans, land grabs, volumes, development projects & trends
  • Access to archives covering E&P
  • Phone request for prospects and lands listed for sale
  • Includes discounts for other PLS products & events


Sign Up For Report


 

 

Energy News Search

Search PLS' News Archive for complete oil & gas news for Canadian Scout .

View Sample Issue

See what it is about before you buy. View a sample issue of Canadian Scout.

Request More Information

Need more information? Click the button to recieve more details about the Canadian Scout
 
 

Opportunity is a reflection of information.
Call 713-650-1212 For More Information
 
Search Canadian Scout: Search Canadian Scout
Headline
Publication
News Date
CS - Pieridae acquires Shell’s southern Foothills assets for $190MM - July 2019
Pieridae Energy is poised to become a major player in the Alberta upstream and midstream industry after striking a $189.9 million deal on June 26 to acquire Shell’s assets in the southern Alberta Foothills region. The transaction will enable Pieridae to acquire additional gas supplies for its Goldboro LNG project in Nova Scotia, which it plans to make a final investment decision for late this year or early next. For Shell, the sale represents the divestment of its remaining upstream assets in...
Jul 10, 2019
CS - Imperial to work on new round of common stock buybacks - July 2019
Imperial Oil told employees it has returned $920 million to shareholders during the first five months of 2019, and its stock exchange approved a bid to return even more through share buybacks. The TSX-listed ExxonMobil affiliate announced June 21 that it received the green light from the exchange to start a normal course issuer bid to buy back more than 38 million common shares, representing 5% of its over 764 million shares outstanding as of June 13. The new plan takes over from the...
Jul 10, 2019
CS - Northleaf enfolds CSV, which buys Karr plant for $330MM - July 2019
Private equity firm Northleaf Capital Partners acquired 100% of Calgary-based CSV Midstream Solutions for $330 million, giving CSV the capital to buy Paramount Resources Ltd.’s Karr 6-18 gas facility in Alberta, which serves Montney and Duvernay operators in the Karr area. CSV will assume operatorship of the facility and complete its expansion in a project dubbed D2, which is currently in progress and scheduled to be commissioned in 2H20. CSV aims to bring the facility’s total capacity to 150...
Jul 10, 2019
CS - Poor outlook for Canadian oil and gas for remainder of 2019 - July 2019
Activity in Western Canada in 2019 has tracked well below previous years, dampened by policy concerns, infrastructure bottlenecks, and declining capital investment. According to the Canadian Association of Petroleum Producers’ 2019 crude oil forecast published in June, capital investment across the industry is expected to fall for the fifth consecutive year to $37 billion compared to $81 billion in 2014.In the oil sands, spending will likewise fall for the fifth straight year, to $12...
Jul 10, 2019
CS - ARC Resources adjusts 2019 capex downward to $700MM - July 2019
Citing reduced commodity prices, Montney- and Cardium-focused Arc Resources Ltd. reduced its 2019 capital expenditures to $700 million from $775 million and, while they were at it, decreased the 2020 capex budget to $550 million from an earlier contemplated $625 million. However, the company still plans to hit its previously announced production targets of 135,000-142,000 boe/d for the year. Expectations for 2020 production levels will likewise not change as the company moves forward with the...
Jul 10, 2019
CS - Murphy drills Gen 5 wells & swaps Duvernay assets with Shell - July 2019
Murphy Oil said its Kaybob Duvernay assets are “absolutely working” for the company, after announcing two, two-well pads with Generation 5 completions for the first time in Q2. At Kaybob North, the 05-23 2-well pad achieved a 24-hour initial rate of 1,400 boe/d, while at Two Creeks the 16-29 2-well pad saw a 24-hour initial rate of 2,250 boe/d (89% liquids for each). “The Duvernay shale is absolutely working for Murphy and you see here all the EURs that we have found in wells that are producing...
Jul 10, 2019
CS - Hemisphere launches southern Alberta drilling campaign - July 2019
Hemisphere Energy Corp. announced on June 27 the start of its 2019 drilling program in southern Alberta within its 100%-owned Atlee Buffalo area, completing the drilling of the first of a planned 16 wells. The well encountered ~750 meters of oil pay and is awaiting completion and tie-in to start producing in mid-July.The company has also started drilling the second well targeting the Glauconitic sandstones of the Mannville group. The program will more than double Hemisphere’s oil wells...
Jul 10, 2019
CS - Calima significantly boosts resources in BC Montney - July 2019
Australia-listed Calima Energy reported a significant increase in total resources within its 72,014-acre position in the British Columbia Montney. Best-estimate gross un-risked prospective resources are 497.3 MMboe, up from 475.8 MMboe in 2018. Gross un-risked 2C resources, a classification which the company is including for the first time, are estimated at 196.1 MMboe, and estimated ultimate recovery per well is 8.4 Bcf. “The inclusion of 2C and the uplift in estimated ultimate...
Jul 10, 2019
CS - Calima significantly boosts resources in BC Montney - July 2019
Australia-listed Calima Energy reported a significant increase in total resources within its 72,014-acre position in the British Columbia Montney. Best-estimate gross un-risked prospective resources are 497.3 MMboe, up from 475.8 MMboe in 2018. Gross un-risked 2C resources, a classification which the company is including for the first time, are estimated at 196.1 MMboe, and estimated ultimate recovery per well is 8.4 Bcf. “The inclusion of 2C and the uplift in estimated ultimate...
Jul 10, 2019
CS - Point Loma increases oil & NGL weighting at Wizard Lake - July 2019
South central Alberta-focused Point Loma Resources Ltd. said its Wizard Lake Rex oil discovery well produced ~4,280 bo over 555 operating hours in June, or an average of 185 bo/d. Peak oil production reached a 40-50% cut of fluid, or 200 to 250 bo/d, in the final 10 days despite weather conditions restricting pump rates. At current rates, the oil and NGL weighting for Point Loma has increased to ~40%. Operator Point Loma (50% WI) will look to increase pump rates as weather conditions...
Jul 10, 2019

Get more news for Canadian Scout