News

This page features up-to-date Tallman Geological Consulting Ltd. company information, energy industry updates, and the latest blog posts from members of our team. It pays to stay informed.

  • Saskatchewan advantage means oil activity surges while Alberta lags

    20 July 2017

    One mile away from the Alberta border, on land in Saskatchewan owned by the Onion Lake Cree Nation, BlackPearl Resources Inc. is building a second thermal heavy oil project while keeping its larger Alberta opportunities on hold.

    With a more welcoming business climate that includes no carbon tax, more efficient regulation and lower royalties, its thermal heavy oil projects in Saskatchewan are economic at US$45 a barrel oil, while those in Alberta using identical technology require US$55, said president John Festival.

    For decades, “Alberta has been very exciting for the oilsands because it’s been so big,” Festival said in an interview. “But at these prices, you can’t build new projects. In Saskatchewan we are doing a similar thing as we are doing in the oilsands of Alberta, except in smaller projects.”

    A surge in interest in Saskatchewan oil by companies like BlackPearl, motivated to get back to work after an extended oil price downturn, means the province is experiencing a healthy rebound in activity this year, while Alberta’s oilpatch continues to struggle as capital and companies move elsewhere.

    Saskatchewan is Canada’s second largest oil producer after Alberta.

    Capital spending

    According to the Canadian Association of Petroleum Producers, capital spending in Saskatchewan will bounce back to an estimated $6.1 billion in 2017, from $3.5 billion in 2016, $4.2 billion in 2015 and $6.7 billion in 2014.

    Meanwhile, investment in Alberta’s oil and gas is expected to recover modestly this year to an estimated $31.1 billion, compared with $27 billion in 2016, $39.9 billion in 2015, and down sharply from $60.6 billion in 2014.

    As many as 2,600 wells are expected to be drilled in Saskatchewan this year — c...

    Read More...
  • OPEC agrees to first oil output cut in eight years

    28 September 2016

    By Nayla Razzouk, Grant Smith and Angelina Rascouet

    OPEC agreed to cut production for the first time in eight years Wednesday, sending oil prices more than 6 percent higher, as Saudi Ar

    Read More...
  • Saskatchewan a hot market as oilpatch recovers

    4 July 2016

    Investor interest in Saskatchewan partly due to politics but mostly about economics

    A string of deals in the oilpatch suggests some investors are bullish on Saskatchewan

    Read More...
  • Liberal pipeline policy presents 3 key problems

    28 January 2016

    Prime Minister Justin Trudeau hopes that a new approach will provide the public support to finally cut through the Gordian knot that has tied up pipeline development. That was t

    Read More...
  • Lower For Shorter? Looking Back At The 1997-1999 Oil Price Downturn

    13 January 2016

    By Steve Smith, CA and Steve Ripplinger, CFA
    Norrep Capital Management Ltd.

    With oil prices currently hitting new post-2009 lows we wanted to provide some perspective.

    Read More...
  • The Full Alberta Oil Interview with Saskatchewan Premier Brad Wall

    2 September 2015

    When you get this country’s provincial and territorial leaders together in one place for an extended period of time, something interesting is bound to happen. That’s doubly true when th

    Read More...
  • Leaders clash over pipelines during 1st election debate

    6 August 2015

    Pipelines from Alberta's oilsands and Canada's energy exports made for contentious topics during Thursday night's federal leaders' debate.

    The leaders of Canada's four

    Read More...
  • Saskatchewan's Brad Wall questions equalization formula

    5 August 2015

    Saskatchewan Premier Brad Wall set off a debate about equalization — the revenue-sharing formula between Ottawa and the provinces — Wednesday.

    In a series of media interviews,

    Read More...
  • Saskatchewan drilling outlook improves slightly

    31 July 2015

    REGINA — Saskatchewan should see 1,660 oil and gas wells drilled this year, less than half the wells forecast last fall, but 155 more than forecast in April, the Petroleum Services Associatio

    Read More...
  • Premiers set to fast-track oil pipelines while cutting regulatory red tape

    13 July 2015

    Canada’s premiers are poised to sign an agreement to fast-track new oil sands pipelines while watering down commitments to fight climate change.

    The Canadian Energy Strategy will be

    Read More...
  • Crescent Point Energy Corp solidifies its Saskatchewan play with Legacy Oil and Gas Ltd takeover set to close Tuesday

    29 June 2015

    CALGARY – Scott Saxberg has every confidence that his company’s $1.53-billion takeover of Legacy Oil and Gas Ltd. will go through as expected on Tuesday, and Crescent Point Energy Corp.

    Read More...
  • Alberta Energy Royalties and Carbon Policy Back Under Microscope

    27 June 2015

    A week of change brings uncertainty to the province's energy industry

    First, a change to the energy regulator, then a carbon tax change, now a royalty review. It was

    Read More...
  • Who are the takeover targets as energy money moves out of Alberta

    22 June 2015

    The uncertainty surrounding Alberta’s policy on oil and gas royalties has already caused several companies to shift capital into other provinces, and this should come as no surprise.

    <
    Read More...
  • Mexico takes on Major-League economic overhaul

    22 April 2015

    The uncertainty surrounding Alberta’s policy on oil and gas royalties has already caused several companies to shift capital into other provinces, and this should come as no surprise.

    <
    Read More...
  • Crescent Point Energy Corp. To Overhaul executive Compensation

    20 April 2015

    Crescent Point Energy Corp. is overhauling its approach to executive compensation as a result of a less-than-desirable outcome of a “say on pay” vote, as the movement increasingly chang

    Read More...
  • 'We are just good plumbers': The man who sold beaumont energy for half a billion despite oilpatch gloom

    24 March 2015

    Robert Chaisson may be the happiest man in Calgary.

    Amid the impenetrable gloom descending on Canada’s oil capital, the chief executive officer of privately owned Beaumont Energy In

    Read More...
  • Crescent Point Ready to Buy; Adds $1 Billion to Credit Line

    11 March 2015

    Acquisitive intermediate Crescent Point Energy Corp. said Wednesday it has added $1 billion in credit capacity as it announced production results from an active fourth quarter that matched analyst

    Read More...
  • Sask. Ranks 1st in Canada, 2nd in World

    25 February 2015

    By Bruce Johnstone, Leader-Post February 25, 2015

    Saskatchewan is the best place for mining investment in Canada - ahead of traditional mining powerhouses, like Ontario, Quebec and B.C. -

    Read More...
  • Under Pressure in the Alberta Oil Patch

    20 February 2015

    The letters began showing up at Pat Wilson’s central Alberta truck shop last month – demands from customers to cut rates in the face of rapidly sinking oil prices.

    About 60 pe

    Read More...
  • Impact of Falling Oil Revenues Likely Won't Be As Severe In Saskatchewan

    15 January 2015

    Saskatchewan has more going on than oil, so the impact of oil revenue losses won't be as severe here as it could be in Alberta.

    That's according to the Deputy Chief Economist of t

    Read More...
  • Seattle Seahawks Plenty Pleased with Regina-Born Punter Jon Ryan

    9 January 2015

    RENTON, WASH. - Don't think the punter can have a big impact on a football game?

    Think again. All you had to do was watch the NFC playoff games last weekend to notice that the guys wh

    Read More...
  • Sask. Ranked 3rd Most Attractive Place in World for Oil, Gas Investment

    20 November 2014

    Saskatchewan is the third most attractive place in the world for oil and gas investment, according to the Fraser Institute’s annual Global Petroleum Survey.

    The province topped the

    Read More...
  • Gas Prices Plunging in Saskatchewan

    29 October 2014

    It's a good time to fill up with gas in Saskatchewan.

    According to the website Gas Buddy, prices continue to plunge across the provinces, with Regina Messenger posting prices as low a

    Read More...
  • The Real Crazy Train: Moving Bakken Crude Oil By Rail

    27 October 2014

    GOP gubernatorial candidate Neel Kashkari likes to deride Gov. Jerry Brown’s high-speed rail plan as the Crazy Train, but the loonier rail proposal is the one that would carry explosive Bakke

    Read More...
  • Fall in Oil Prices Could Be Positive For Saskatchewan's Exporters

    22 October 2014

    SASKATOON – Low crude oil prices could have a positive effect on Saskatchewan’s manufacturing industry, according to one University of Saskatchewan professor.

    Rose Olfert, who

    Read More...
  • Collapse in Oil Prices Could Slam Canada's Resource Provinces

    10 October 2014

    Slumping crude prices won’t only affect Canada’s oil companies, but also the provinces they call home.

    BMO Nesbitt Burns has calculated the cost to Alberta, Saskatchewan and N

    Read More...
  • Multiple Refineries are in the Development Stages Throughout the Bakken Formation

    8 October 2014

    On September 15, 2014, Quantum Energy, Inc. based out of Tempe, AZ with an office in Williston, ND, entered into a Strategic Alliance with Bilfinger Westcon Inc. of Bismarck, ND, for the developmen

    Read More...
  • Crescent Point Completes Lighstream Acquisition

    6 October 2014

    Lightstream Resources (formerly Petrobakken Energy) has announced the completion of its previously announced agreement with Crescent Point Energy to sell the remaining assets in Lightstream's s

    Read More...
  • Musings: Challenges of Shale-Driven Boom - Will it Last Long?

    24 September 2014

    This opinion piece presents the opinions of the author. It does not necessarily reflect the views of Rigzone.

    Two items crossed our desk last week that drove us to look closer at what is

    Read More...
  • Former Saskatchewan Oil Minister to Lead Canada Oil Lobby

    18 September 2014

    (Reuters) - Tim McMillan, a one-time Saskatchewan energy minister now serving as its minister of rural health, will replace former Royal Dutch Shell Plc executive Dave Collyer as president of the C

    Read More...
  • Saskatchewan's Torquay Play Slowly Proving Up Its Potential

    16 September 2014

    It’s never enough. Whenever government-run geological surveys release estimates on the potential of the oil-bearing rocks underneath the plains of North Dakota and southern Saskatchewan, oper

    Read More...
  • Four Bakken-Like Plays Emerging Across the Nation's Midsection

    11 September 2014

    Bounded by the Appalachians to the east and the Rockies to the west, North America's midsection is a patchwork of shallow crustal basins separated by uplifts, gentle arches and domes. Over hund

    Read More...
  • Record Capital Stoking the Oil and Gas Industry

    10 September 2014

    Money is being shovelled into the Canadian oil and gas industry like coal into a furnace. Year to date, hot markets have already offered up $19.6-billion to oil and gas producers. By the end of the

    Read More...
  • Crescent Point to Buy Oil-Producing Assets in Saskatchewan and Manitoba

    3 September 2014

    Crescent Point Energy (TSE:CPG), a Canadian light oil producer, said it will acquire oil-producing assets in Saskatchewan and Manitoba as well as undeveloped land from Lightstream Resources Ltd. (T

    Read More...
  • Share Oil Production From Bakken, Eagle Ford Rose 3.4% in July: Platts' Bentek Energy

    21 August 2014

    HEADLINE2Total Production from Prolific Shale Plays Surpasses 2.6 Million Barrels Per Day

    DENVER and HOUSTON, Aug. 21, 2014 /PRNewswire/ -- Oil production from shale formations in North D

    Read More...
  • County Officials Roll Out Welcome Mat for Proposed Bakken Refinery

    20 August 2014

    Yellowstone county officials are rolling out the welcome mat for the developers of a proposed $500 million oil refinery being considered for the Billings area.

    “We’re glad you

    Read More...
  • Getting a piece of the Bakken Pie

    18 August 2014

    WILLISTON, N.D. — Just off Highway 1804, a high grassy slope offers a sweeping view of the epicenter of North Dakota's oil boom.

    Williston, a once-small town that now proclaims

    Read More...
  • Oil Sands Workers See Biggest Salary Raises

    18 August 2014

    CALGARY - For the biggest pay hikes in Canada, look no further than the oilpatch.

    The energy sector continues to lead the country in both actual and projected salary increases, according

    Read More...
  • Oil Production set to Rise in Sept

    12 August 2014

    Reuters reported today that the major plays in the United States are set to raise their production levels by 89,000 barrels per day (bpd) in September. According to the Energy Information Administr

    Read More...
  • Bakken's Impact Internationally

    11 August 2014

    JACKSON HOLE, Wyo. — Ward Koeser recently ended a 20-year run as mayor of Williston, N.D. Looking back, Koeser could see the evolution of the Bakken’s global appeal.

    He recall

    Read More...
  • Focus On Oil Expected To Result in North American Production Growth

    14 August 2011

    The focus on oil drilling in Western Canada and the United States is expected to help boost oil production in North America over the next five years, growth that is being fuelled by higher oil pric

    Read More...