Keeping Readers Regionally Informed
FEATURE STORIES
June 29, 2009
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Energy Policy
Alberta has long benefitted from high tax, union-friendly governance in British Columbia and Saskatchewan, which pushed investors toward the province in the middle. But for northwestern Albertans, despite their abundant oil and gas resources, times have changed with shocking speed. While B.C. has reaped billions in royalties over the past two years from natural gas development in its northeastern region, activity levels in neighbouring Alberta have failed to keep pace. So what exactly has been going on, and can it be fixed?
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Saskatchewan Oil and Gas Show Guide 2009
Oil & Gas Prices
NYMEX-WTI
USD 69.31 / BBL
NYMEX Natural Gas
USD 3.80 / MMBTU
AECO/NGX Spot Price
CAD 2.98 / GJ
Imperial Light Crude
CAD 78.82 / BBL
Imperial Bow River (25 API)
CAD 74.85 / BBL
Flint Hills/Lloyd Blend
CAD 72.46 / BBL

Current Weather
Nickle's Profiler
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2009 will be a difficult year for almost all companies operating in the Western Canadian Sedimentary Basin (WCSB) but the lower cost structure that will emerge, coupled with enormous shale gas potential and the huge costs to run a much larger oilsands industry, should allow companies to withstand the difficult times, pending the inevitable upswing.
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Industry Commentary
People On The Move
Impax Energy Services Income Trust has announced the appointment of Karim Hirji as the chief financial officer as part of the senior management changes related to relocation of its head office from Toronto to Calgary.
Bronco Energy Ltd. has announced the appointment of Paul Belliveau, C.A. as vice president and chief financial officer effective June 16.
At a time when many oilpatch firms are cutting staff, Delphi Energy Corp. has added more.
...see the full list    
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