Strategic Oil & Gas Ltd. completed its first four-well pad in its West Marlowe prospect. The horizontal Muskeg 2-13 well tested at an average of 1,263 boe/d over the last 24-hr period and has produced more than 7,400 boe (54% oil) within the last 7 days, the company said in a press release. Source: […]

Light, sweet crude oil for both December and January delivery fell more than $1/bbl Nov. 2 to settle under $46/bbl after a weekly US government inventory report for oil and products showed the biggest estimated crude oil weekly gain in more than 30 years that records have been kept. Source: News

Dominion Midstream Partners LP has agreed to acquire Questar Pipeline LLC from Dominion Resources Inc. for $1.725 billion including debt. The deal has an anticipated effective date of Dec. 1. Source: News

US commercial crude oil inventories, excluding those in the Strategic Petroleum Reserve, surged during the week ended Oct. 28 with an increase of 14.4 million bbl compared with the previous week’s total. The higher-than-expected increase is the largest in 34 years in US Energy Information Administration data. Source: News

The minister responsible for the Alberta Climate Change Office has introduced legislation capping greenhouse gas emissions from oil sands work in accordance with the province’s Climate Leadership Plan announced a year ago. Source: News