WELCOME TO GULL LAKE
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.
In southwest Saskatchewan, Crescent Point had three rigs, one at Rapdan, and another two at Leitchville, just northwest of Shaunavon. Two more rigs were working in close proximity at Dodsland…
Source: Saskatchewan rig count climbs as Crescent Point gets into the game
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