The first boom here discovered oil in what's called the Spearfish Formation, rock formed 150 to 200 million years ago during the Jurassic Period. But the boom died out in the 1990s when oil companies extracted all the oil they could. The problem with the Spearfish Formation is it's "tight" in geologic terms, meaning it's highly impermeable, making it difficult for oil to flow. The technology combines what the mining industry calls 'fracing' (rhymes with cracking), a method of fracturing rock, with horizontal wells -- pipe that goes about a kilometre deep and up to a kilometre across. Horizontal wells produce exponentially more oil than traditional vertical wells. In Manitoba last year, 80 per cent of new wells were horizontal, versus 18 per cent in 2007. (Horizontal wells are twice as b...
The technology combines what the mining industry calls "fracing" (rhymes with cracking), a method of fracturing rock, with horizontal wells - pipe that goes about a kilometre deep and up to a kilometre across. An oil services company like Halliburton, which specializes in the technology, then uses extreme pressure to perforate both the pipe and surrounding rock with sand.
... resource, value is added by technology which contributes to the conversion of the resourc...
Ford said the recall involved 444,880 Escapes from the 2001-2004 model years in the United States, and about 75,000 Escapes in Canada, Mexico and Europe. The recall does not affect hybrid versions of the SUV, the automaker said. Rolland Energy Inc. (TSXV:ROE), a junior Montreal-based oil and gas and information technology company, has signed a deal to acquire the Scalion oil properties in southwestern Manitoba.
... but only vague hopes for future technology, it is not possible to consider that the recited a...
While this is the first time PCL has used BIM on a Manitoba project, [Sean Barnes] said it's used it on a number of major projects in other parts of the country. "We're moving away from the paper environment and the blueprints we're used to dealing with, and working with an electronic model (on major projects)," he said. Because Manitoba doesn't have as many large or complex projects, [John Schubert] said it's tough to predict how quickly BIM will catch on. "On average-sized projects, I'm not convinced we're going to see it. But it's a tool that looks like it has a lot of promise. Who's using it? A spokesman for the recently formed Canada BIM Council said the oil and gas industry has been using BIM technology for 20 or 25 years. But some Canadian architects only began using it about 10...
... could be profitable only if high-technology tools are used and oil prices remain over $100-$12...
For decades, this paid off nicely. Our resource sector went through the '70s and '80s with minimal share value increases. Mining and oil company shares only started to rise significantly in 2000, after the technology bubble burst. That's when the Canadian market turned a significant corner and became one of the hottest in the world, accompanied by a rising Canadian dollar. (Ironically, this was immediately after the government decided to eliminate the foreign content restriction on RRSPs.) From 2001 to early 2008, soaring commodity prices lifted Canada's resource sector up many fold. At the same time, Canada's financial sector rose along with the rest of the world's banks and insurance companies. As well, other Canadian industrial sectors had world-class champions, like RIM in technolog...
...(plants or other infrastructure); or 3) technology. This Commentary will show which provinces, in the...
Manitoba Science, Technology, Energy and Mines Minister Jim Rondeau called Tundra Oil and Gas Ltd.'s pilot project a "win-win-win" scenario for the environment, the oil and gas industry and the provincial economy while touring Sinclair, Manitoba's busiest oilfield, located 33 kilometres southwest of Virden.
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