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. . Expanding the Mission . . . Facilitating the Future PETROLEUM TECHNOLOGY ALLIANCE CANADA
PETROLEUM TECHNOLOGY ALLIANCE CANADA ANNUAL REPOR T 2007 . expanding the mission . facilitating the future PETROLEUM TECHNOLOGY ALLIANCE CANADA Mission PTAC facilitates innovation, collaborative research and technology development, demonstration and deployment for a responsible Canadian hydrocarbon energy industry. Technical Areas Enhanced Environmental Management Emission Reduction / Eco-Efficiency Energy Efficiency Resource Access Air Ecological Soil and Groundwater Water Improved Oil and Gas Recovery Conventional Oil and Gas Recovery CO2 Enhanced Hydrocarbon Recovery Coalbed Methane/Unconventional Gas Oil Sands Heavy Oil Reservoir Engineering Geosciences Cost Reductions/Operations Alternative Energy Production Engineering Facility Design Drilling and Well Completion Inactive Wells Instrumentation / Measurement E-Business Fundamental Research Health and Safety Innovation R&D Funding Security Telecommunications Upgrading, Refining, Petrochemical Technologies, and Transportation Hydrocarbon Upgrading Refining Petrochemicals Hydrogen Gasification Pipelines Integration Transportation ANNUAL REPOR T 2 0 0 7 . expanding oppor tunities . 2007 Key Accomplishments Message from the Board of Directors Established a new vision: to help Canada The hydrocarbon energy sector in Canada has experienced significant become a global hydrocarbon energy changes since PTAC was first established, and in 2007 our commitment to our technology leader. This vision is supported members led us to examine our organization and the role we play in the indus- by a broadened -
Annual Information Form 2014 March 9, 2015
ANNUAL INFORMATION FORM 2014 MARCH 9, 2015 TABLE OF CONTENTS Page SELECTED TERMS ..................................................................................................................................................... 1 ABBREVIATIONS ....................................................................................................................................................... 4 CONVERSIONS ........................................................................................................................................................... 4 CONVENTIONS ........................................................................................................................................................... 5 SPECIAL NOTES TO READER .................................................................................................................................. 5 BAYTEX ENERGY CORP. ......................................................................................................................................... 9 GENERAL DEVELOPMENT OF OUR BUSINESS ................................................................................................. 10 RISK FACTORS ......................................................................................................................................................... 11 DESCRIPTION OF OUR BUSINESS AND OPERATIONS ..................................................................................... 11 DIRECTORS AND OFFICERS ................................................................................................................................. -
Canadian M&A Perspectives
Canadian M&A Perspectives Ryder Scott Canada – Annual Reserves Conference May 10, 2016 TECHNICAL PIONEER AND Scotia Waterous GLOBAL LEADER IN OIL AND GAS M&A AUSTRALIA BAHAMAS BRAZIL CANADA CHILE CHINA COLOMBIA DUBAI FRANCE HONG KONG INDIA IRELANDJAPAN KOREA MALAYSIAMEXICO PERU SINGAPORE TAIWAN THAILAND UNITED KINGDOM UNITED STATES Scotia Waterous Scotia Waterous is the leading technically-focused upstream investment banking and M&A advisory firm, with global offices in Houston, London, Calgary and Hong Kong • Unrivalled market intelligence from conducting ~50 M&A mandates per year globally London Calgary Houston Hong Kong Scotiabank Oil & Gas Offices 1 Canadian M&A Perspectives – Where are all the deals?? 1. Setting the Scene – Macro Environment 2. Canadian M&A Market Update 3. Outlook – 2016 and Beyond Appendix I. M&A&D Activity II. Comparable Valuation Analysis 2 Setting the Scene – Macro Environment Section 1 The Canadian Energy Environment Today “Loonie surges to nine-month high as commodity prices add on gains” April 20, 2016 “Oil jumps despite glut, hits 2016 peaks on weak dollar” April 28, 2016 “Forget Justin Trudeau, it’s oil that’s driving this loonie rally” April 28, 2016 “Premier Rachel Notley talks carbon tax” March 3, 2016 “How Hillary Clinton’s tone has shifted on fracking” April 14, 2016 “TransCanada Fights Keystone Denial With $15 Billion Appeal” January 6, 2016 “Oil and gas sector says investment will drop by $50B” April 7, 2016 “Alberta sets out details for new oil and gas royalty framework” April 21, 2016 4 Significant -
Big Oil's Oily Grasp
Big Oil’s Oily Grasp The making of Canada as a Petro-State and how oil money is corrupting Canadian politics Daniel Cayley-Daoust and Richard Girard Polaris Institute December 2012 The Polaris Institute is a public interest research organization based in Canada. Since 1997 Polaris has been dedicated to developing tools and strategies to take action on major public policy issues, including the corporate power that lies behind public policy making, on issues of energy security, water rights, climate change, green economy and global trade. Polaris Institute 180 Metcalfe Street, Suite 500 Ottawa, ON K2P 1P5 Phone: 613-237-1717 Fax: 613-237-3359 Email: [email protected] www.polarisinstitute.org Cover image by Malkolm Boothroyd Table of Contents Introduction 1 1. Corporations and Industry Associations 3 2. Lobby Firms and Consultant Lobbyists 7 3. Transparency 9 4. Conclusion 11 Appendices Appendix A, Companies ranked by Revenue 13 Appendix B, Companies ranked by # of Communications 15 Appendix C, Industry Associations ranked by # of Communications 16 Appendix D, Consultant lobby firms and companies represented 17 Appendix E, List of individual petroleum industry consultant Lobbyists 18 Appendix F, Recurring topics from communications reports 21 References 22 ii Glossary of Acronyms AANDC Aboriginal Affairs and Northern Development Canada CAN Climate Action Network CAPP Canadian Association of Petroleum Producers CEAA Canadian Environmental Assessment Act CEPA Canadian Energy Pipelines Association CGA Canadian Gas Association DPOH -
Impacts and Mitigations of in Situ Bitumen Production from Alberta Oil Sands
Impacts and Mitigations of In Situ Bitumen Production from Alberta Oil Sands Neil Edmunds, P.Eng. V.P. Enhanced Oil Recovery Laricina Energy Ltd. Calgary, Alberta Submission to the XXIst World Energy Congress Montréal 2010 - 1 - Introduction: In Situ is the Future of Oil Sands The currently recognized recoverable resource in Alberta’s oil sands is 174 billion barrels, second largest in the world. Of this, about 150 billion bbls, or 85%, is too deep to mine and must be recovered by in situ methods, i.e. from drill holes. This estimate does not include any contributions from the Grosmont carbonate platform, or other reservoirs that are now at the early stages of development. Considering these additions, together with foreseeable technological advances, the ultimate resource potential is probably some 50% higher, perhaps 315 billion bbls. Commercial in situ bitumen recovery was made possible in the 1980's and '90s by the development in Alberta, of the Steam Assisted Gravity Drainage (SAGD) process. SAGD employs surface facilities very similar to steamflooding technology developed in California in the ’50’s and 60’s, but differs significantly in terms of the well count, geometry and reservoir flow. Conventional steamflooding employs vertical wells and is based on the idea of pushing the oil from one well to another. SAGD uses closely spaced pairs of horizontal wells, and effectively creates a melt cavity in the reservoir, from which mobilized bitumen can be collected at the bottom well. Figure 1. Schematic of a SAGD Well Pair (courtesy Cenovus) Economically and environmentally, SAGD is a major advance compared to California-style steam processes: it uses about 30% less steam (hence water and emissions) for the same oil recovery; it recovers more of the oil in place; and its surface impact is modest. -
Public Notice Laricina Energy Ltd. Germain Project Expansion Proposed Terms of Reference for Environmental Impact Assessment
Public Notice Laricina Energy Ltd. Germain Project Expansion Proposed Terms of Reference for Environmental Impact Assessment Laricina is proposing the Germain Project Expansion to expand the Germain Project by 150,000 gross barrels per day (bbls/d) of bitumen production to 155,000 bbls/d. The primary zone of interest at Germain is the Grand Rapids Formation. Laricina has Grand Rapids oil sands rights in 63 (gross) sections which offer significant resource potential, containing an estimated 2.3 billion barrels of bitumen in place within the lease area. Current and future innovations of in situ technology will be utilized to develop Laricina’s oil sands assets at Germain. Laricina’s Energy’s total land base at Germain is 71 sections within Townships 83-85, Ranges 21-23 west of the 4th Meridian and is located within the west Athabasca Oil Sands region, approximately 46 km northeast of the community of Wabasca-Desmarais. The Director responsible for Environmental Assessment has directed that an Environmental Impact Assessment Report be prepared for the Germain Project Expansion. Laricina has prepared a proposed Terms of Reference for this Environmental Impact Assessment, and through this public notice, invites the public to review this document. Any comments filed concerning the proposed Terms of Reference will be accessible to the public. The proposed Terms of Reference and associated project information can be viewed at the following locations: Laricina Wabasca Office , 2155 Mistassiniy Road, Wabasca, Alberta T0G 2K0 Laricina Energy Ltd. Head Office, 4100, 150-6th Ave. SW, Calgary, Alberta T2P 3Y7 www.laricinaenergy.com Alberta Environment’s Register of Environmental Assessment, 111 Twin Atria Bldg., 4999 – 98 Avenue, Edmonton, Alberta, Attn: Melanie Daneluk; http://environment.alberta.ca/02313.html For further information on the Germain Project Expansion or copies of the proposed Terms of Reference and associated project information please contact: Laricina Energy Ltd Tel: 403-718-9300 4100, Suncor Energy Centre Fax: 403-263-0767 150-6th Ave. -
Significant Energy Assets on the Market (SEAM) Database on IHS
Significant Energy Assets on the Market (SEAM) Database on IHS Connect IHS Energy has launched a new database tool that actively tracks all known energy assets on the market and independently values them in a transparent manner utilizing more than 40,000 comparable transactions from IHS’s M&A database dating back to 1988. Assets on the Market database features include: • Searchable and exportable database covering all global and regional • Source documents including offering memos, prospectuses, and locations and all resource segments, detailing valuations and full press releases. operational data including reserves, production and acreage. • Full opportunity set currently totals approximately $250 billion • Contact information for sellers and advisors. Canada $25 B+ Europe $30 B+ Sellers Key Assets for Sale (or JV) Sellers Key Assets for Sale (or JV) Apache Corp. 1 million acres in Provost region of east-central Alberta Antrim Energy Skellig Block in Porcupine Basin Athabasca Oil Corp. 350,000 net prospective acres in Duvernay BNK Petroleum Joint venture partner sought for Polish shale gas play Canadian Oil Sands Rejects Suncor offer; reviewing strategic alternatives BP 16% stake in Culzean gas field in UK North Sea Centrica plc Offering 6,346 boe/d (86% gas) ConocoPhillips 24% stake in UK’s Clair oil field. Considering sale of Norwegian Cequence Energy Montney-focused E&P undergoing strategic review North Sea fields ConocoPhillips Western Canada gas properties Endeavour Int’l. Bankrupt; to sell Alba and Rochelle fields in the UK North -
Advantage Energy Income Fund
BAYTEX ENERGY TRUST RENEWAL ANNUAL INFORMATION FORM 2003 May 10, 2004 TABLE OF CONTENTS Page GLOSSARY OF TERMS...................................................................................................................................................................1 ABBREVIATIONS ............................................................................................................................................................................5 CONVERSION...................................................................................................................................................................................5 SPECIAL NOTE REGARDING FORWARD LOOKING STATEMENTS .....................................................................................6 BAYTEX ENERGY TRUST .............................................................................................................................................................7 GENERAL DEVELOPMENT OF THE BUSINESS.........................................................................................................................8 DESCRIPTION OF THE BUSINESS AND OPERATIONS.............................................................................................................9 ADDITIONAL INFORMATION RESPECTING BAYTEX ENERGY TRUST............................................................................29 ADDITIONAL INFORMATION RESPECTING BAYTEX ENERGY LTD.................................................................................35 BAYTEX SHARE -
Asset Purchase Agreement
ASSET PURCHASE AGREEMENT DATED AS OF MARCH 1, 2016 BETWEEN QUICKSILVER RESOURCES CANADA INC., AS SELLER, AND CPC RESOURCES ULC, AS BUYER WSLEGAL\039944\00088\13233136v1 TABLE OF CONTENTS ARTICLE I DEFINITIONS 1.1 Definitions....................................................................................................................... 1 1.2 Other Definitions and Interpretive Matters ................................................................... 19 ARTICLE II PURCHASE AND SALE 2.1 Purchase and Sale ......................................................................................................... 20 2.2 Assumed Liabilities ...................................................................................................... 20 2.3 Excluded Liabilities ...................................................................................................... 21 2.4 Licence Transfers .......................................................................................................... 22 2.5 Specific Conveyances ................................................................................................... 22 2.6 Further Assurances........................................................................................................ 24 ARTICLE III PURCHASE PRICE 3.1 Purchase Price ............................................................................................................... 25 3.2 Deposit ......................................................................................................................... -
Financial Post GEOFFREY MORGAN September 4, 2020
Financial Post GEOFFREY MORGAN September 4, 2020 Endangered species: Canadian small oil and gas companies under pressure to merge or die (Financial Post) – Banks and creditors are running out of patience with a now six-year downturn in the Canadian oil industry. Small- and mid-sized oil and gas companies in Canada are going the way of the dodo bird. “The 20,000-barrel-per-day producer in Western Canada is an endangered species. We don’t see that changing for some time,” said Adam Waterous, CEO of the Waterous Energy Fund, which has been deploying private equity capital in recent years to buy up small oil companies, including the $750-million purchase of Pengrowth Energy Corp. in Nov. 2019. If the small oil producer is an endangered species, Waterous is the trophy hunter. In six transactions he has built a company now called Strathcona Resources Ltd. into one of the largest private-equity owned producers in North America with production of more than 60,000 bpd. Now, Strathcona is eyeing more underpriced assets in the Canadian oilpatch. Investors and analysts expect a mergers and acquisition wave as the oil price depression since last March and COVID-19 were just the latest in a series of crises that has squeezed the life out of many companies. It has come to a stage where banks and creditors are, in some cases, running out of patience with a now six-year downturn in the Canadian oil industry. Exasperated by paltry returns, they are cutting off funding in some cases and pushing companies to either restructure or sell out to larger companies. -
Proving Something Big – Laricina's Projects at Saleski and Germain
Proving Something Big Laricina's Projects at Saleski and Germain Presented by Sandeep Solanki Director, Germain Asset and Innovation November 14, 2012 2 Forward-looking statements advisory This Laricina Energy Ltd. (the “Company”) presentation contains certain forward-looking statements. Forward-looking statements may include, but are not limited to, statements concerning estimates of exploitable original-bitumen-in-place, predicted recovery factors, steam-to-oil ratios and well production rates, estimated recoverable resources as defined below, expected regulatory filing, review and approval dates, construction and start-up timelines and schedules, company project potential production volumes as well as comparisons to other projects, statements relating to the continued overall advancement of the Company’s projects, comparisons of recoverable resources to other oil sands projects, estimated relative supply costs, potential cost reductions, recovery and production increases resulting from the application of new technology and recovery schemes, estimates of carbon sequestration capacity, costs for carbon capture and sequestration and possible implementation schedule for carbon capture and sequestration processes or related emissions mitigation or reduction scheme and other statements which are not historical facts. You are cautioned not to place undue reliance on any forward-looking statements as there can be no assurance that the plans, intentions or expectations upon which they are based will occur. By their nature forward-looking statements involve numerous assumptions, known and unknown risks and uncertainties, both generally and specific, that contribute to the possibility that the predictions, forecasts, projections and other forward-looking statements will not occur. Although the Company believes that the expectations represented by such forward-looking statements are reasonable, there can be no assurance that such expectations will prove to be correct and, accordingly that actual results will be consistent with the forward-looking statements. -
Alberta Oil Sands Industry Quarterly Update
ALBERTA OIL SANDS INDUSTRY QUARTERLY UPDATE WINTER 2013 Reporting on the period: Sep. 18, 2013 to Dec. 05, 2013 2 ALBERTA OIL SANDS INDUSTRY QUARTERLY UPDATE Canada has the third-largest oil methods. Alberta will continue to rely All about reserves in the world, after Saudi to a greater extent on in situ production Arabia and Venezuela. Of Canada’s in the future, as 80 per cent of the 173 billion barrels of oil reserves, province’s proven bitumen reserves are the oil sands 170 billion barrels are located in too deep underground to recover using Background of an Alberta, and about 168 billion barrels mining methods. are recoverable from bitumen. There are essentially two commercial important global resource This is a resource that has been methods of in situ (Latin for “in developed for decades but is now place,” essentially meaning wells are gaining increased global attention used rather than trucks and shovels). as conventional supplies—so-called In cyclic steam stimulation (CSS), “easy” oil—continue to be depleted. high-pressure steam is injected into The figure of 168 billion barrels TABLE OF CONTENTS directional wells drilled from pads of bitumen represents what is for a period of time, then the steam considered economically recoverable is left to soak in the reservoir for a All about the oil sands with today’s technology, but with period, melting the bitumen, and 02 new technologies, this reserve then the same wells are switched estimate could be significantly into production mode, bringing the increased. In fact, total oil sands Mapping the oil sands bitumen to the surface.