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.

  • Saskatoon-based helium company makes massive discovery

    23 May 2021

    SASKATOON -- Saskatoon-based helium company Royal Helium Ltd., has discovered a large amount of the element in southwestern Saskatchewan.

    "The funny thing about it is, we found everything we expected to find, and then we found something much bigger below it," said CEO of Royal Helium Ltd., Andrew Davidson.

    Helium was discovered in 3,000 hectares of that land, in what Davidson calls a "small portion."

    The discovery happened near the Village of Climax, located about 429 kilometres south of Saskatoon.

    The drilling for the project takes up 50,000 hectares of land.

    In a May 12 news release the company said it estimates there is six billion cubic-feet of helium in the prospective area. 

    According to MarketWatch the discovery boosted the company’s stock up to $0.64 compared to this time last year of $0.08.

    Scott Moe celebrated the discovery on Twitter.

    When many people think of helium, they consider helium balloons. Davidson said there is much more use for the element.

    "Helium is used in everyone’s day-to-day life, whether they know it or not," Davidson said, adding helium is a major resource in tech manufacturing.

    "Microchips, semiconductors, fiber optic cables, LCD screens. All these things cannot be manufactured without helium," he said.

    Hospitals also use helium as the healthcare field accounts for 20 per cent of helium’s demand in North America.

    "In North America the largest use for helium is healthcare," said Davidson. "Helium is used in MRI machines to cool the magnets as they spin."

    It’s also used for rocketry, small-scale nuclear reactors and the cryptocurrency market has also found a use for it.

    "These Bitcoin mines are very energy-intensive and generate a lot of heat. The use of liquid helium as a coolant is preval...

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  • Goldman Goes All-In Commodities, Sees "Biggest Jump In Oil Demand Ever" Over Next 6 Months

    28 April 2021

    BY TYLER DURDEN
     

    It's time again for Goldman's commodity permabulls to rise again.

    Four months after the bank's strategists declared the start of a 

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  • Canada’s largest helium purification facility opens in Saskatchewan

    27 April 2021

    Saskatchewan is now officially home to the largest helium purification facility in Canada.

    Located near Battle Creek in the province's southwest, the new $32 million facility, owned a

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  • Saturn Oil & Gas Inc. Continues to Grow Land Position in Flaxcombe Area

    24 April 2021

    SASKATOON, SASKATCHEWAN – April 24th, 2018 - Saturn Oil & Gas Inc. (“Saturn” or the “Company”) (TSX.V: SMI) (FSE: SMK) is pleased to announce that the Company has

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  • Whitecap Resources to buy Kicking Horse Oil & Gas for $300 million

    5 April 2021

    Whitecap Resources to buy Kicking Horse Oil & Gas for $300 million

    April 5, 20216:24 AM Reuters0 Comments

    Whitecap Resources Inc said on Monday it will acquire&nbs

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  • Crescent Point Energy to acquire Shell’s Canadian shale assets

    18 February 2021

    Canadian oil and gas company Crescent Point Energy has agreed to acquire Royal Dutch Shell’s Kaybob Duvernay shale light oil assets in Alberta, Canada for $707m in a cash-cum-stock deal.

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  • Saskatchewan’s top 10 oil producers

    11 January 2021

    By Brian Zinchuk, Local Journalism Initiative reporterEstevan Mercury

    Regina – Husky Energy, which was acquired by Cenovus Energy, had been Saskatchewan’s top oil producer for

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  • U.S. refiners on course to digest excess diesel by March: Kemp

    5 October 2020

    LONDON — If they can maintain recent progress, U.S. oil refiners should be able to bring stocks of diesel and other middle distillates close to normal levels in the first quarter of 2021.

    Read More...
  • $12 Million Of Work Approved In First Tranche Of Well Abandonment Program

    16 July 2020

    Released on July 16, 2020

    The Government of Saskatchewan has approved its first parcel of work packages to be completed through the Accelerated Site Closure Program (ASCP).

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  • Which private sector industries ‘pay the bills’ for Canada?

    1 July 2020

    JOCK FINLAYSON AND DAVID WILLIAMS
    CONTRIBUTED TO THE GLOBE AND MAIL
    PUBLISHED JULY 1, 2020

    ANDREW VAUGHAN/THE CANADIAN PRESS

    The Minster of Innovation, Science and

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  • Saudi Arabia Eyes Total Dominance In Oil And Gas

    30 June 2020

    By Julianne Geiger - Jun 30, 2020, 7:00 PM CDT

    Saudi Arabia’s Energy Minister Prince Abdulaziz claimed last week that the Kingdom will be the world’s biggest hydroca

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  • Oil's sudden rebound is exposing the Achilles heel of shale

    24 May 2020

    Oil prices have surged more than 75 per cent in the U.S. this month. But don’t expect a quick rebound in supply from shale explorers.

    The quick turnaround in oil markets is exp

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  • Elizabeth May is wrong about oil and gas

    22 May 2020

    By Robert Lyman

    Opinion: Between 2000 and 2018 Canada’s oil and gas production industry directly paid almost $240 billion to provincial governments and $66 billion to Ottawa

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  • Brad Wall on the COVID-19 crisis: How to help the oil and gas sector, now and in the long term

    7 April 2020

    We have an opportunity as a nation to become more self-sufficient, more agile and innovative, stronger on the other side of this

    Canada needs to become more secure by becoming more self-s

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  • TC Energy to proceed with Keystone XL pipeline after US$1.1 billion investment from Alberta government

    31 March 2020

    Alberta will also provide a $6 billion loan guarantee for the project, which is now expected to cost $14.4 billion to build

    CALGARY — TC Energy Corp. is proceeding with its long-del

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  • Saudis Start to Unleash Oil Wave Despite U.S. Pressure

    31 March 2020

    By Javier Blas and Brian Wingfield
    March 31, 2020, 6:46 AM CST Updated on March 31, 2020, 7:47 AM CST

    Saudi Arabia has made good on its pledge to ramp up oil ex

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  • The crisis facing Canada’s oilpatch isn’t just the industry’s problem, it’s everybody’s problem

    27 March 2020

    Peter Tertzakian

    Industry, government and all stakeholders must work together to minimize damage to our energy systems

    The Canadian oil industry's facing a systemic shock as

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  • Not another drop of OPEC oil, ever

    26 March 2020

    We’d be in much better shape if Energy East had been built. Build it right now

    Brian Zinchuk / Pipeline News

    It might be diffi

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  • Canadian drillers add most rigs in a week in five years

    13 January 2020

    Energy firms in Canada boosted the number of rigs drilling for oil and natural gas last week by the most since January 2015 as producers returned en masse from Christmas breaks to take advantage of

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  • Texas oil and gas sector contracts amid ‘challenging’ conditions

    27 December 2019

    Simon Caseyriglocator.ca). A total of 23 co

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  • New law would allow Alberta to restrict flow of oil and gas as Trans Mountain battle escalates

    16 April 2018

    Alberta has granted sweeping new powers to its energy minister as the province ups the ante in its trade war with British Columbia

    CALGARY — Alberta h

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  • Oil and gas spending drop linked to competitiveness gap with the United States

    28 February 2018

    CALGARY — Canada’s competitive disadvantage with the United States is being reflected in lower spending plans by oil and gas producers, and Tuesday’s

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  • We need pipelines - not barricades CAPP urges Ottawa as energy investors dump Canada

    26 February 2018

    For nearly four years, Canada’s oil and gas sector has kept a low profile while managing two devastating blows — the collapse in oil prices and the barrage of environmental policies by

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  • 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

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  • 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

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  • 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

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  • 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.

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  • 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

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  • 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

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  • 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,

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  • 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

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  • 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

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  • 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.

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  • 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.

    <
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  • 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.

    <
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  • 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

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  • '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

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  • 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

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  • 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

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  • 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

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  • 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

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  • 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

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  • 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

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  • 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

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  • 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

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  • 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

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  • 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

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  • 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

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  • 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

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  • 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

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  • 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

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  • 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

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  • 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

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  • 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

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  • 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

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  • 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

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  • 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

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  • 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

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  • 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

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  • 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

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