Tag: Western Canada
Alberta petrochemical demand for Western Canadian, US ethane at an all-time high
Alberta’s four petrochemical plants have total ethylene-producing capacity of 4.1 million tonnes per year Ethane is a natural gas liquid obtained as a by-product of natural gas processing and oil refining, according to a National Energy Board press release. Ethane is also the primary input for producing ethylene, a petrochemical used to manufacture plastics and […]
Fewer natural gas companies operating in western Canada – NEB
Total natural gas production in 2009 and 2016 was almost the same New technology has reshaped the upstream oil and gas sector. In 2009, over 600 companies operated natural gas production wells in western Canada, according to the National Energy Board. In 2016, that number had fallen to less than 500 operators despite total natural gas […]
Western Canadian drilling activity falls more than 75% from two years ago – NEB
More than 90% of today’s Western Canadian rigs are drilling horizontal wells Western Canadian rig activity typically peaks in the winter, when the ground is frozen and rigs can move into areas they normally cannot access during the rest of the year, acccording to a National Energy Board press release. Activity is lowest in the […]
Baytex Energy looks to reduce costs in Eagle Ford shale production
Baytex Energy suspending monthly cash dividend after Sept. 15 Baytex Energy Corp. (TSX:BTE) says it is “recalibrating” its business model by reducing costs in the Texas Eagle Ford shale and stoping drilling in the Peace River and Lloydminster areas in Western Canada for the rest of this year. Baytex Energy announced “difficult but necessary steps” to weather […]
Encana new strategy focuses on Texas oil fields, Western Canada shale
Encana may sell assets if low oil prices persist, says CEO Encana Corp. says continued low oil prices have forced it to trim its workforce by more than 200 over the past month, while concentrating two oil deposits in Texas and shale operations in Western Canada. The exploration and production company now has 1,400 fewer workers than […]
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