Saskatchewan Expects ‘Softening’ In Producers’ Capital Budgets This Year, Before Rebound In 2020
Saskatchewan hasn’t been immune to the challenges facing the oil and gas sector.
Saskatchewan hasn’t been immune to the challenges facing the oil and gas sector.
The April public offering of Saskatchewan’s Crown petroleum and natural gas rights held on April 9, the first offering of the 2019-20 fiscal year, raised a total of $1.56 million for the province and was focused on the Swift Current area.
Chevron Corporation unveiled a US$33 billion takeover of Anadarko Petroleum Corp. on Friday, bolstering its position in shale oil and liquid natural gas production with the biggest industry merger since Royal Dutch Shell plc bought BG Group in 2016.
Energy industry analysts are supportive of Chevron Corporation’s announcement Friday morning that it is buying shale resource major Anadarko Petroleum Corp. for US$50 billion, saying it gives Chevron a dominant position in the Permian and in the deepwater Gulf of Mexico.
Drilling rig activity in Western Canada and the Top 10 active operators as of April 12, 2019, as reported this morning by Rig Locator.
Several companies announced upcoming drilling projects this week, including Cardinal Energy Ltd., Chevron Canada Resources Limited, Husky Energy Inc., Painted Pony Energy Ltd. and Paramount Resources Ltd.
Technical disruption causes a change in the way we work. Maybe not today or even tomorrow, but eventually. Or we risk getting left behind.
Cardinal Energy Ltd. is increasing its 2019 budget guidance to $52 million, up $5 million from the initial $47-million capital budget announced in March.
Gordon Trainor is the new chief operating officer of Connacher Oil and Gas Limited.
Derek Feener has been appointed director of business development at Scott Land & Lease Ltd., announces Gregg Scott, president of the company.