Canadians woke up yesterday to much the same picture in Parliament as they did when they went to bed: a minority Liberal government with the Conservatives in official opposition, and both the Bloc and NDP holding the balance of power.

Drilling rig activity in Western Canada and the Top 10 active operators as of Sept. 22, 2021 as reported this morning by Rig Locator.

Tourmaline Oil Corp.’s 2021 EP capital program has been increased to $1.375 billion with the 2H 2021 increase focused on liquids business/production increases and related liquids margin improvements, and the modest acceleration of drilling activities. 

While stakeholder engagement has always aligned with good governance, there is a heightened focus on ESG reporting and consultation that is bringing it into the spotlight.

Michelle Carr will be the new CEO and commissioner at the BC Oil and Gas Commission (OGC) following an extensive national search and review of both internal and external candidates led by the organization’s board of directors.

The Daily Oil Bulletin, Fluor Canada, and geoLOGIC systems are searching for the best and brightest in the Canadian oil and gas industry to be our Rising Stars of 2021. 

Emissions monitoring, methane mitigation, waste-heat utilization, fuel switching, and carbon capture utilization and storage projects are receiving funding from NGIF Industry Grants through its Round 6 Competition.

Altura Energy Inc.’s brokered private placement of subscription receipts of the company at a price of 18 cents per subscription receipt has been oversubscribed and accordingly, it has received subscriptions for an aggregate of 136.11 million subscription receipts for gross proceeds of $24.5 million.

2060547 Alberta Ltd. has applied to the Alberta Energy Regulator (AER) under the Public Lands Act to transfer ownership of dispositions MSL 982198, LOC5254, and LOC6110 from Sydco Energy Inc.

Altura Energy Inc. has closed a brokered private placement of an aggregate of 136.11 million subscription receipts of the company at a price of 18 cents per subscription receipt for gross proceeds of $24.5 million.

Kiwetinohk Energy Corp. is the new name for the combined Kiwetinohk Resources Corp. and Distinction Energy Corp.

Petrus Resources Ltd. has completed the previously announced transactions that will significantly reduce the company's total debt and also extend the maturity date of its senior secured credit facility.

Freehold Royalties Ltd. has completed its previously announced bought deal equity financing, issuing 19.07 million subscription receipts at a price of $9.05 per subscription receipt for gross proceeds of approximately $173 million, which included the full exercise of the over-allotment option granted to the underwriters.

Secure Energy Services Inc. has entered into an underwriting agreement to sell, pursuant to a private placement, $140 million aggregate principal amount of 7.25 per cent senior unsecured notes due Dec. 30, 2026 at an issue price of $100.75, representing a yield of approximately seven per cent.

Secure Energy Services Inc. has delivered conditional notices of redemption to holders of its outstanding US$400 million aggregate principal amount of 11 per cent senior second lien secured notes due 2025.