Tuesday, November 19, 2024
Analysis: Montney shale patch merger shines light on Canada's premier play- oil and gas 360

Analysis: Montney shale patch merger shines light on Canada’s premier play

Reuters CALGARY, Alberta – ARC Resources Ltd’s C$2.7 billion ($2.1 billion) bid to buy Seven Generations Energy Ltd will create the largest oil and gas producer in Canada’s Montney region, and may re-energize development in one of North America’s top shale plays.   The combined company will have more financial strength to develop its 1.1 million net acres of land

U.S. rig count had an increase of 1 this week, at 585- oil and gas 360

U.S. rig count increased by 5 this week, at 397

Oil and Gas 360 This week’s Baker Hughes rig count shows that U.S. had an increase of 5 over last week, resulting in a total count of 397 rigs. Canada had an increase of 5 over last week, resulting in a total Canadian count of 176 rigs. Breakdown by region Of the regions tracked by Baker Hughes, 3 regions, the

Graphic: Tighter oil market encourages destocking, contract rollover- oil and gas 360

Graphic: Tighter oil market encourages destocking, contract rollover

Reuters LONDON  – Optimism for a recovery in oil demand as COVID-19 vaccines are rolled out while producers rein in supply has pushed the market structure for Brent and U.S. crude into the deepest backwardation since the start of the pandemic. Backwardation means the current value is higher than prices for later months and encourages traders to draw down oil

Army Corps attorneys withdraw from Dakota Access Pipeline case- oil and gas 360

Army Corps attorneys withdraw from Dakota Access Pipeline case

Reuters The U.S. Army Corps of Engineers said two attorneys representing it in an ongoing legal battle involving the Dakota Access Pipeline are withdrawing from the case, according to court filings. Jeffrey Bossert Clark Sr and Eric Allen Grant, who represented the Army Corps, are withdrawing from the case between the Standing Rock Sioux Tribe and the Corps, the filing