Goldenkey oil inc calgary professional#

Officer, effective from September 1, 2017, but remained as an Executive Officer of the Corporation, will no longer serve as the Chief Executive Luo'), currently an Executive Director and Chief Executive Men's appointment as the Interim Chief Executive Officer, his officeĪs President and Chief Operations Officer of the Corporation ceased at the same

Goldenkey oil inc calgary professional#

He is also a member ofĬhartered Professional Accountants of Alberta with a public accountant Technology, as well as a Canadian CPA designation. Men has a Bachelor's Degree in Mechanical Engineering, is a ProfessionalĮngineer and an APEGA member. Men was the Chiefįinancial Officer and Vice President of each of Anterra Energy Inc. Men was Vice President of Goldenkey Oil Inc., a private oil and Serving in the capacity of the Interim Chief Financial Officer of theĬorporation since July 21, 2014. He was appointed as Chief Financial Officer of theĬorporation from Decemto October 19, 2016. He wasĪppointed as President and Chief Operations Officer of the Corporation on

Men, age 52, became an Executive Director on June 30, 2016. Operations Officer, has been appointed as the Interim Chief Executive Officer Men'), currently an Executive Director, President and Chief The Board is pleased to announce that with effect from September 1, 2017, Mr. Organization with the Corporation's future growth and development objectives. Management changes due to job reallocation and to better align its management

Or 'Sunshine') (HKEX:2012) wishes to announce the following executive 1, 2017) - Theīoard of Directors (the 'Board') of Sunshine Oilsands Ltd. Natural gas production from BC, AB, and SK totaled 15.17 Bcf/d in 2009 and 15.13 Bcf/d in 2016 (See NEB's natural gas production data).HONG KONG, CHINA and CALGARY, ALBERTA-(Marketwired - Sept. The NEB does not have data about well ownership and cannot calculate “owned production”. Therefore, “operated production” means production by the operating company. Footnote Footnote 1Īn oil and gas well in western Canada is always operated by a single company, though it can have more than one owner. ConocoPhillips was the third largest operator in both years. The second largest operator was Husky in 2009, but changed to Tourmaline in 2016, a relatively new operator that started operations in 2008. Canadian Natural Resources Limited has remained the largest operator, but its share decreased from 20% of total production in 2009 to 11% in 2016. The top operators accounting for 50% of production have also changed over the last eight years. This suggests that shrinking production from both the largest and smallest operators has been offset by growing production from medium-sized operators. Meanwhile, 103 operators accounted for 95% of production in 2009, while 81 operators accounted for 95% of production in 2016.

Meanwhile, large-size companies can still afford to drill, but often have competing investments, including oil sands projects.Įven though total production in 20 was almost the same, nine operators accounted for half of total western Canadian operated production in 2009, whereas eleven operators accounted for half in 2016. As a result, there are fewer smaller operators in western Canada in 2016 than there were in 2009. Modern gas wells are more expensive, since they are deeper, have long horizontal legs, and are stimulated with large applications of hydraulic fracturing.īecause these new wells are more costly, smaller operators generally cannot afford to drill new wells. Prior to 2009, the majority of companies in western Canada drilled relatively inexpensive vertical gas wells. In 2016, that number had fallen to less than 500 operators despite total natural gas production remaining the same over this period. In 2009, over 600 companies operated Footnote 1 natural gas production wells in western Canada. New technology has reshaped the upstream oil and gas sector. Please send comments, questions, or suggestions for Market Snapshot topics to date: