Archive for the ‘International Unconventional’ Category
Encana Corp.,
Calgary, expects its Montney acreage in western Canada to produce
70,000 b/d of liquids, most of which will be condensate, as well as 1.2
bcfd of natural gas by 2019.
Cenovus signs $13.3-billion deal with ConocoPhillips for oil sands, other Canadian assets
March 30th, 2017 by Latest News
Cenovus Energy Inc., Calgary, has agreed to acquire ConocoPhillips’ 50% interest in the companies’ jointly owned Foster Creek Christina Lake (FCCL) oil sands partnership as well as the majority of the Houston independent’s Deep basin conventional assets in Alberta and British Columbia for $13.3 billion, including $10.6 billion in cash and 208 million Cenovus common shares valued at $2.7 billion.
Painted Pony to make Montney acquisition
March 20th, 2017 by Latest News
Painted Pony Petroleum Ltd., Calgary, will increase 2017 drilling in
the Montney play of British Columbia to 71 wells and 64 completions from
its previously planned 58 wells and 51 completions after acquiring UGR
Blair Creek Ltd. in a $229.6-million…
Shell to divest nearly all of its Canadian oil sands interests for $7.25 billion
March 9th, 2017 by Latest News
Royal Dutch Shell PLC has agreed to sell all of its in-situ and
undeveloped oil sands interests in Canada and reduce its share in the
Athabasca Oil Sands Project (AOSP) to 10% from 60% in exchange for $7.25
billion.
Royal Dutch Shell PLC and Argentina’s YPF SA have signed preliminary
terms and conditions of an agreement to develop a shale gas pilot
project in the Vaca Muerta shale of Neuquen province.
CNR plans increases in production, capex
December 19th, 2016 by Latest News
Canadian Natural Resources Ltd. (CNR), Calgary, said its overall production target for 2017 will range 833,000-883,000 boe/d compared with a 2016 average of 808,000 boe/d.
Athabasca Oil Corp. has agreed to buy the oil sands business of Statoil Canada Ltd.
Inter Pipeline Ltd., Calgary, plans to buy the 15% interest in Cold Lake Pipeline Ltd. held by Canadian Natural Resources Ltd. (CNRL). The transaction also includes purchase of CNRL’s 14.7% interest in Cold Lake LP.
Quebec assembly passes oil, gas legislation
December 12th, 2016 by Latest News
Quebec’s National Assembly has approved legislation hailed by oil and gas companies as vital to tapping potential of unconventional reservoirs but resisted by environmentalists.