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January 23, 2012 - January 27, 2012
Operators rig released 12,877 wells across Canada last year, up 6.4 per cent from 12,103 wells drilled in 2010.
EDMONTON -- While the prospect of low natural gas prices for the foreseeable future is not good news for the Alberta treasury, it is creating new opportunities for Alberta companies, says the head of an Edmonton-area industrial development group.
Cheap natural gas is fuelling what amounts to an industrial revolution and is even revitalizing some of the Rust Belt, says a commodities specialist.
Producers and brokers across Western Canada paid $4.13 billion in 2011 to secure land rights, the third highest bonus total in the history of the Canadian petroleum industry.
The environmental regulatory system for Canadian oilsands is similar in rigour to that of its peers, says a new case study by an energy consultancy.
United States and Canadian crude oil production will grow 3.1 million bbls per day or 36 per cent over the next five years, according to Colorado-based consultancy BENTEK Energy LLC, with much of Canada's growth coming from the oilsands.
Midstream companies have never had more opportunities than they do now, both from bitumen production growth and natural gas liquids (NGL) development in the Western Canadian Sedimentary Basin, agreed a panel of midstreamers at recent investors' conference.
Overcoming public fear and distrust is key to gaining acceptance of hydraulic fracturing, a U.S. energy executive told an oilpatch audience in Calgary yesterday.
Alberta brought in a combined $146.34 million at its two land sales in January after bagging a solid $82.9 million at its second sale of the month on Wednesday.
Federal Environment Minister Peter Kent this morning said new federal-provincial environmental oilsands monitoring program will be rolled out "in the very next few months."
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