Category Archives: Oil & Gas

Whitecap Reports Record Production in Q2

Whitecap Reports Record Production in Q2 Oil & Gas SouthWest Saskatchewan  Oil & Gas Production

We are pleased to report an exceptional second quarter with record average production of 75,813 boe/d which was approximately 2,300 boe/d above our forecast of 73,000 – 74,000 boe/d on development capital spending of C$66.3 million. Outperformance in the quarter was driven by strong results in southwest Saskatchewan and the Deep Basin Cardium program and our ability to reduce the impact of down-time due to scheduled turnarounds.

Source: Whitecap Reports Record Production in Q2

Canada To Buy Kinder Morgan’s Trans Mountain Expansion Project

Canada To Buy Kinder Morgan’s Trans Mountain Expansion Project Oil & Gas  Oil Pipelines Canada

The Government of Canada has reached an agreement with Kinder Morgan to buy the Trans Mountain Expansion Project and related pipeline and terminal assets for US$3.5 billion (C$4.5 billion), as the federal government stepped in to save the project after British Columbia’s fierce opposition to the project was threatening to derail it.

Source: Canada To Buy Kinder Morgan’s Trans Mountain Expansion Project

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