The deluge of Canadian oil that’s adding to a global glut and driving prices lower is showing few signs of slowing.
Cenovus to Cut 800 Jobs, Freeze Wages After Oil Slide
Friday, 13 February 2015 10:26
Cenovus Energy Inc., the fourth-largest Canadian oil producer, will reduce its workforce by 15 percent, the first time in the company’s history it has cut jobs, to tackle an oil-price slump.
Southeast Leads in Land Sales Again
Monday, 09 February 2015 10:41
The numbers from the first land sale of the year are in, and once again, southeast Saskatchewan is leading the province. The Weyburn-Estevan area received the most bids.
The sales totalled more than $8.3 million. Of that amount, $2.7 million was spent by one company for 10 parcels, according to Royce Reazley, the manager of Crown Sales for the province.
"The top purchaser of acreage in this area was STOMP Energy Limited," Reazley said. The most for one parcel was just under $1.1 million. "This was for a 146 hectare parcel located withing the Pinto-Midale-Frobisher oil pools."
The next sale of Crown oil and gas rights is in April.
When the City of Weyburn and South-eastern Saskatchewan want local news, weather, and sports online and on-demand, they turn to Discover Weyburn. As Weyburn Saskatchewan’s website for local job listings, free classifieds, garage sales, family events, business directory and weather cancellations, Discover Weyburn is your connection to local information.