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Focus on British Columbia JANUARY/FEBRUARY 2020 | $6 EXPLORATION DRILLING COMPLETION PRODUCTION FOCUS ON BRITISH COLUMBIA Despite Facing Delays and Opposition, LNG Soldiers On SAM HOLDINGS SERVES NOTICE to Ridley Island Propane Export Terminal Joint COME VISIT US AT WWW.ROUGHNECKMAG.COM Venture Owners 2 WWW.ROUGHNECKMAG.COM READ 50 Years of Service to the LPG Industry From Producer to Burner Tip, We Cover it All For Information on Promotions, Subscriptions, and Advertising, Call George at 1-800-526-4177 or Calgary 403-263-6881 George Miller - [email protected] www.northernstar.ab.ca 500-900 6 Ave SW Calgary AB T2P 3K2 THE ROUGHNECK | JANUARY/FEBRUARY 2020 3 DEPARTMENTS JANUARY/FEBRUARY 2020, VOLUME 68, NO. 2 www.roughneckmag.com EDITORIAL PUBLISHER Scott Jeffrey | [email protected] 6 THE DOUGLAS DIATRIBE MANAGING EDITOR Heather Douglas | [email protected] Alberta’s Competitive Advantage Few Understand ADVERTISING 8 MONEY MATTERS SALES George Miller | [email protected] A Potential Opportunity for First-Time Home Buyers PRODUCTION 10 BRITISH COLUMBIA PRODUCTION Krista Jestican | [email protected] Despite Facing Delays and Opposition, LNG Soldiers On SUBSCRIPTIONS Sam Holdings Serves Notice to Ridley Island Propane Export Terminal Joint RECEPTION/CIRCULATION Dawn Clough | [email protected] Venture Owners CANADIAN SUBSCRIPTIONS Where's the Trans Mountain Expansion Project? In Court, Again 1 Year - $35 | 2 years - $55 | 3 years - $70 See our website for other subscription options. 21 DRILLING ADVANCES www.northernstar.ab.ca Automated Slide Drilling Goes Both Granular & Precise ASSOCIATED PUBLICATIONS Energy Processing Canada, Propane Canada, Case Study: Horn River, BC Gas Play The Canada Gas Plant Directory, The Roughneck Joke Book, The Super Roughneck 25 2020 OUTLOOK OFFICE CER Forecasts Fossil Fuel Consumption — 2019-2040 500 - 900 6 Avenue SW, Calgary, AB T2P 3K2 Phone: (403) 263-6881 | Fax: (403) 263-6886 President Trump Beats Anti-Oil Pipeline Protesters Toll free: 1-800-526-4177 Email: [email protected] Website: www.northernstar.ab.ca 27 TECHNOLOGIES EDITORIAL POLICY H2S in Liquids Analyzer for Lab Allows Quick & Simple Analysis The Roughneck was founded in 1952 as the voice of the Canadian oil community. The mag- 28 JOKES azine reports on the people and events of that community - both past and present - that have 29 RIG COUNT made the oilpatch in Canada what it is today. The Roughneck analyzes political events that 30 AD INDEX affect the industry and profiles people and businesses that are a part of it. The magazine covers the news that others miss because it Over the past couple of is a part of the industry about which it writes. Opinions expressed herein are those of the decades, British Columbia, staff writers and may not reflect those of the and especially the magazine's readers or advertisers. northeastern portion of the Canadian copyright 1992 by Roughneck province, has become a real Publications. U.S. Copyright 1996 by Scott Jeffrey. Entire contents copyrighted. Nothing powerhouse in the Canadian may be reproduced in whole or in part without energy supply chain, with the written permission of the publisher. prolific discoveries of natural Printed by Winnipeg Sun Commercial Print Div. Canada Post Canadian Publications gas, liquids, and oil in fields Mail Service Product Agreement Number 40070131 like the Montney, Ring Border, RETURN UNDELIVERABLE CANADIAN ADDRESSES TO: Bullmoose, Horn River, Liard 500 - 900 6 Avenue SW, COVER Calgary, AB T2P 3K2 Basin, and Taylor. email: [email protected] ISSN: 0048-864X Cover photo courtesy of www.altagas.ca. THE DOUGLAS DIATRIBE Alberta’s Competitive Advantage Few Understand The Challenge is How to Protect it from the Globalists oil only makes jet fuel. Alberta has millions of barrels of LIGHT As the world turns to heavy oil in-place. Although selling at a electric planes, this fuel will become terrific discount today, these barrels will less important. Natural gas only makes be worth billions of dollars — if allowed natural gas. As the world switches to be produced and transformed into to windmills and solar panels, it will medical prothesis, drugs, clothing, read- become less valuable. But heavy oil is ing glasses, the bodies of driverless cars, the feedstock used to make thousands computers, printers, and thousands of of consumer products. It’s a stable other equally useful products. Because product and, if the Canadian oilpatch heavy oil is so utterly predictable, stable, can keep the federal government’s and responds precisely the same way grimy fingers off it, this province is every time, companies are not looking to guaranteed a return to the heady days replace it as feedstock. of long-term economic boom. That’s the nub. No one, except the glo- It’s a big if. balists, want to replace it. The globalists, like former Bank of Can- Canadian heavy oil and oil sands ada Governor, Mark Carney, want to shut reserves are estimated to be the third down all fossil fuel production. They want largest in the world, after the now reserves left in the ground — unused and defunct Venezuela and the politically deemed ‘of no value.’ Carney, recently unstable Saudi Arabia, whose regime is promoted to United Nations special envoy built on light, mostly sweet crude. The on climate change and finance, wants to eco-justice warriors, aided and abetted preserve the environment against the rav- by the elites in the globalist camp, want it ages of climate change. banned, shut down, and rendered worth- 6 WWW.ROUGHNECKMAG.COM less. Justin Trudeau is a globalist, as is is also a federalist. Do they want Ameri- Chrystia Freeland (deputy PM), Seamus can help? They’re facing a strong and O’Regan (energy), Jonathan Wilkinson growing WEXIT (Western exit) support. (environment), most American Demo- Does this make a difference? crats, the European Union, and the Com- Investment in the oilsands declined munist Party of China (presuming they from 2014’s peak of $33.9 billion to $12.0 get to lead it). billion in 2019, reports the Canadian Asso- ciation of Petroleum Producers (CAPP). Alberta has millions of barrels of There is a quiet resurgence of Cana- dian energy stocks, which are outper- heavy oil in-place. Although selling at forming their American counterparts. a terrific discount today, these barrels The keenest market watchers have taken will be worth billions of dollars — note and think that perhaps Canadian if allowed to be produced... heavy oil and oil sands, along with pipe- lines, will outperform everything in 2020. If the Democrats win back the White The globalists have been helped by House in 2020, they’re promising to European banks (such as HSBC Plc ban fracking, which would really put a and BNP Paribas) who announced they dent into the Permian Basin’s prosper- would reject oil sands investments. ity. Would American refiners look north, Large pension funds on both that con- making our barrels more valuable? tinent and this one, have rejected heavy Let’s fight the feeling of being unfairly oil investments and are trying to divest targeted by all the antis, naysayers, and themselves of those portfolios. vocal opponents of oil and gas. It’s true, The globalists are a formidable group. we’ve been scrutinized more than all our Who are the nationalists? The biggest competitors combined. And yes, we’re is U.S. President Trump and the second being unfairly penalized, greater than is British Prime Minister Boris Johnson. any other producing basin. They both swagger on the international We’re sitting on a wonderful resource. scene thumbing their noses at the elites. We just need to protect it from the glo- Trump has a keen interest in Canadian balists until the nationalists can regain heavy oil and oil sands. He understands power. Heavy oil should nicely carry the ramifications of protecting it from Alberta through to the 22nd century. the rapacious hoards. The White House is aware of the battle Albertans are wag- By Heather Douglas, President ing to protect this invaluable resource. & CEO, Strategic Public Affairs The Americans understand Canadian Ltd. & CEO Platinum Round- sovereignty. They know to keep their fin- table Heather's wealth of experience and gers away from the pot. They are smart unique perspective provides our read- enough not to mention it in international ers with thought provoking and timely issues of value to the Canadian, and circles. But they’re ready to lend a help- world oil and gas industry. Ms. Douglas ing hand, should Alberta decide to ask. drafts business and communication plans, while helping executives from a variety We’re not sure where the Alberta gov- of industries grow into great leaders. She ernment stands. Our premier, Jason Ken- spent more than 30 years working in the ney, is a federalist at heart. His right-hand oilpatch holding a number of senior roles. Fittingly, she has won numerous awards for her strategies, programs, business woman, Sonya Savage (energy minister), acumen and public policy recommendations. THE ROUGHNECK | JANUARY/FEBRUARY 2020 7 MONEY MATTERS A POTENTIAL OPPORTUNITY for First-Time Home Buyers has been a long, hard haul in home was about $454,000. In 2014, the energy producing provinces average price of a condo was $299,000. It since 2014. We have watched Today that condo goes for $229,000 multi-national energy firms pull out of There are some small rays of hope, how- the region and many jobs have gone ever. While still high, Avison Young reports with them. Fewer jobs means less com- Calgary’s downtown core vacancy rate mercial space requirements. Altus Group has been reduced to about 23.5 per cent. reported Calgary has been the hardest Edmonton is sitting at 14 per cent. Cana- hit centre in Canada, with the downtown dian energy companies are starting to find core having a vacancy rate that peaked their way into investment fund managers at 27 per cent in March 2018.
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