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  • Wednesday, May 27, 2020

    Blue Star Helium: 3 Bcf Prospective Helium Resource

    Blue Star Helium has a prospective helium resource of three billion cubic feet (Bcf) for its two prospects in Colorado, US, the Australian exploration company said today. Global energy consulting firm Sproule calculated the resource […]

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  • Thursday, April 23, 2020

    Market Report: 2019 Lays Positive Foundations for Latin America’s Upstream Sector

    Evaluate Energy, the Daily Oil Bulletin and Sproule have partnered to provide a detailed overview of the key M&A trends in Latin America.  Access this free report and receive insights into all the major developments […]

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  • Monday, April 20, 2020

    Sproule Special Market Report: The Search for Balance

    The Search for Balance: Is the OPEC+ Supply Response Enough?   The record production cuts announced by OPEC+ earlier this month are expected to take effect May 1 and extend in some capacity into 2022. […]

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  • Monday, April 20, 2020

    Canadian Exemptions from Regulatory Filing Requirements as a Result of COVID-19

    On March 23, 2020, the Canadian Securities Administrators (CSA) published substantively harmonized temporary exemptions from certain regulatory filing requirements as a result of COVID-19. The CSA has implemented the relief through local blanket orders that […]

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  • Tuesday, April 7, 2020

    The Art of Price Wars: Sproule Webcast Evaluates Full Life Cycle Economics for Key U.S. Plays

    Webcast on Monday, April 15, 2020 | 10:00 AM MDT  The U.S. oil and gas market is at war with a most feared enemy—low prices. Following several years of crude prices between $50 and $60/bbl, […]

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  • Saturday, April 4, 2020

    Sproule Special Report: Demand Disruption to Dominate Crude Market Fundamentals

    According to a new Sproule report released this April 2020, countries around the world shift aggressively to isolation and lockdown in an attempt to limit the spread of the COVID19 virus. As a result, it […]

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  • Thursday, March 26, 2020

    Sproule Webinar: Weathering the Perfect Storm

    SPROULE COMPLIMENTARY WEBINAR Weathering the Perfect Storm Strategies for managing your E&P company amidst COVID-19, a Price War and the Energy Transition   Monday, March 30, 2020 11:00 AM MST    Already grappling with infrastructure […]

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  • Wednesday, March 25, 2020

    Volatile Times: Sproule Outlines Three Pricing Scenarios In Special Report

    Read the DOB exclusive as Sproule outlines three pricing scenarios during this challenging period in global crude markets.  The near-term impact of both COVID-19 and the Saudi-Russia oversupply tactics “will be significant, and a period […]

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  • Wednesday, March 18, 2020

    DOB Exclusive: Turning O&G Asset Liabilities Into Opportunities

    Read the Daily Oil Bulletin article on turning O&G asset liabilities into opportunities. In the article “Turning O&G Asset Liabilities Into Opportunities: Sproule’s Three-Phase Model” Randy Green comments on an opportunity to empower stakeholders.  According to […]

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  • Friday, March 13, 2020

    Message to Sproule Clients: COVID-19

    Sproule is actively monitoring the COVID-19 situation and we want to be transparent about what we’re doing as a company to protect our clients and employees. Many have found their businesses disrupted by the COVID-19 […]

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  • Tuesday, March 10, 2020

    Surge Energy Inc. Announces 2019 Fourth Quarter and Year-End Financial and Operating Results

    CALGARY, March 9, 2020 /CNW/ – Surge Energy Inc. (“Surge” or the “Company”) (TSX: SGY) announces its financial and operating results for the quarter and year ended December 31, 2019, and its year-end 2019 reserves, […]

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  • Monday, March 9, 2020

    Razor Energy Corp. Announces Third Quarter 2019 Results

    Razor Energy Corp. announced its third-quarter 2019 financial and operating results. Selected financial and operational information is now available in conjunction with Razor’s unaudited condensed consolidated interim financial statements and management’s discussion for the quarter […]

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  • Thursday, March 5, 2020

    Canadian Natural Resources Limited Announces 2019 Fourth Quarter and Year End Results

    CALGARY, Alberta, March 05, 2020 (GLOBE NEWSWIRE) — Commenting on the Company’s 2019 results, Steve Laut, Executive Vice-Chairman of Canadian Natural stated, “2019 marked the 30th anniversary of Canadian Natural as an Exploration and Production […]

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  • Thursday, March 5, 2020

    Crescent Point Announces 2019 Results and Reserves

    CALGARY, March 5, 2020 /CNW/ – Crescent Point Energy Corp. (“Crescent Point” or the “Company”) (TSX and NYSE: CPG) announces operating and financial results for the year ended December 31, 2019. Summary of Reserves The Company’s […]

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  • Wednesday, March 4, 2020

    DOB Exclusive: New COGE Guidance On ADR Should Provide For More Clarity, Consistency

    Read more about the recent changes to reserves reporting in the new DOB exclusive “New COGE Guidance On ADR Should Provide For More Clarity, Consistency”. The changes relating to ADR in the COGE handbook were […]

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  • Monday, March 2, 2020

    DOB Exclusive: Reserve Reporting Practices, Capital Plans Continue to ‘Transition’ Away From A Growth Focus

    DOB Exclusive: Reserve Reporting Practices, Capital Plans Continue To ‘Transition’ Away From A Growth Focus According to an article published recently in the DOB “many oil and gas producers continue to evolve their reserve generation […]

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  • Monday, March 2, 2020

    Sproule Presents a New Machine Learning Procedure for Generating Synthetic Logs in the Montney

    Ilia Chaikine, Petroleum Engineer at Sproule and PhD 2020 candidate presented a study on the Montney at the Artificial Intelligence and Big Data Technical Meeting on March 2nd, 2020 in Houston, Texas. Ilia discussed a […]

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  • Thursday, February 27, 2020

    Coastal GasLink to help reduce global greenhouse gas emissions, launch Canada on a new energy path

    Sproule Senior Associate, Liam O’Brien commented on global LNG trade volume increases as a result of new projects on the U.S. Gulf Coast. “Primarily because of its growing use in Asia as cleaner, more reliable […]

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  • Thursday, February 27, 2020

    TORC Oil & Gas Ltd. Announces 2019 Fourth Quarter and Year-End Financial & Operating Results

    CALGARY, Feb. 27, 2020 /CNW/ – TORC Oil & Gas Ltd. (“TORC” or the “Company”) (TSX: TOG) announces financial and operating results for the three months and year ended December 31, 2019 and to provide 2019 […]

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  • Tuesday, February 25, 2020

    Enerplus Announces Fourth Quarter and Full Year 2019 Financial and Operating Results

    CALGARY, Feb. 21, 2020 /CNW/ – Enerplus Corporation (“Enerplus” or the “Company”) (TSX & NYSE: ERF) today reported fourth quarter 2019 cash flow from operating activities of $188.5 million and adjusted funds flow of $178.9 million.   Enerplus Announces Fourth Quarter […]

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  • Thursday, February 20, 2020

    Petrus Resources Announces Year End 2019 Financial, Operating and Reserves Results

    CALGARY – Petrus Resources Ltd. (‘Petrus’ or the ‘Company’) (TSX: PRQ) reports financial and operating results as at and for the three and twelve months ended December 31, 2019 and to provide 2019 year end […]

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  • Thursday, February 20, 2020

    Gear Energy Ltd. Announces 2019 Year-End Reserves

    Gear Energy Ltd. Announces 2019 Year-End Reserves Gear Energy Ltd. Announces 2019 Year-End Reserves      

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  • Thursday, February 20, 2020

    Kelt Reports Significant Increases in Oil & Gas Reserves and Net Asset Value per Share as at December 31, 2019

    Calgary, Alberta – Kelt Exploration Ltd. (TSX: KEL) (“Kelt” or the “Company”) reports on its oil & gas reserves and production for the year ended December 31, 2019. Kelt Reports Significant Increases in Oil & […]

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  • Thursday, October 31, 2019

    Sproule accelerates growth with the opening of a new office in The Hague

    CALGARY, AB, CANADA  – Sproule, a leading global energy consulting firm, is pleased to announce that it will open a new office in The Hague in November. This expansion enhances our ability to support global […]

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  • Wednesday, September 25, 2019

    Price Forecasters Continue To Monitor Impact Of Saudi Drone Strike

    The Daily Oil Bulletin recently released an article titled, “Price Forecasters Continue To Monitor Impact Of Saudi Drone Strikes”. Liam O’Brien, Senior Associate of Strategic Advisory and Insights at Sproule was interviewed on this topic. DOB Exclusive […]

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  • Friday, July 19, 2019

    Sproule Acquires U.S.-based MHA Petroleum Consultants

    CALGARY, Alberta, CANADA – July 19, 2019 – Sproule, a leading global energy advisory firm in the oil and gas sector, is pleased to announce the acquisition of MHA Petroleum Consultants. MHA is a Colorado-based […]

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  • Tuesday, July 9, 2019

    Sproule Announces New President; as Firm Continues to Strengthen Operations and Enhance Global Growth

    Sproule, a leading global energy consulting firm, is pleased to announce the appointment of James “Jim” Chisholm, P.Eng. to President of Sproule, effective July 1, 2019. Mr. Chisholm will take over the role from Cameron […]

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  • Tuesday, March 12, 2019

    Sproule launches new Canadian NGL Report

    Sproule and GTI today announced a strategic partnership to deliver a jointly developed Canadian natural gas liquids (NGL) report to industry. The report provides an in-depth understanding of the economics of producing natural gas and […]

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  • Monday, February 4, 2019

    New Expanded Sproule Training Courses Available in 2019

    Sproule, a global energy consulting firm, has expanded its course offerings for 2019 to help meet corporate and individual professional development requirements, to help you adapt to a dynamic oil & gas industry. Individuals can […]

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  • Wednesday, December 19, 2018

    Oilsands Growth Fueled Pipeline Bottleneck, but Conventional Crude Helped Drive Production Curtailment

    The Canadian oilsands have fueled much of the production growth in the last several years resulting in the current pipeline bottleneck.  The unintentional consequences of this bottleneck on conventional producers helped prompt the government of Alberta […]

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  • Thursday, October 18, 2018

    Revisions to the 2018 Canadian Oil and Gas Evaluation (COGE) Handbook

    Effective immediately, based on industry feedback, the SPEE Updating Committee is releasing further revisions to the Revised COGE Handbook released September 4th, 2018. The revisions relate to Abandonment, Decommissioning and Reclamation Costs (ADR) and acquisition […]

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  • Thursday, September 27, 2018

    Tight Oil And Gas Drives Optimism As Oilpatch Tentatively Recovers: Market Insights From Sproule

    The technology disruption that led to the unconventional revolution has also unleashed the Montney and Duvernay – two Canadian plays that rival some of the greatest resource plays in the U.S. Sproule’s Steven Golko, Vice President […]

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  • Thursday, August 23, 2018

    Failure to Reverse Megaproject Lull May Lead to Oil Price Spike

    Another oil price spike could be on the horizon due to a pullback of investment of major projects through the downtown. Daily Oil Bulletin’s Maurice Smith sat down with Sproule experts Christoffer Mylde, VP Corporate Development and […]

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  • Friday, August 17, 2018

    The Changing Face of Reserves Evaluation in North America Webcast Available for Listening

    We were pleased to participate in the Oil & Gas Journal webcast featuring Sproule’s Steve Golko, Vice President Strategic Advisory and New Ventures. Host Quorum software led a group of panelists in a discussion on the changing […]

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  • Wednesday, July 25, 2018

    Canadian LNG Export Industry Hinges on First Major Project Go-Ahead

    Maurice Smith from the Daily Oil Bulletin sat down with Sproule’s Chris Mylde, VP Corporate Development, to discuss how the increasingly expected go-ahead of the first major liquefied natural gas (LNG) project on the West Coast […]

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  • Wednesday, June 13, 2018

    Sproule Opens Office in Mexico City

    Sproule, a leading global energy consulting firm, will open a new office in Mexico City on June 25, 2018 to accommodate business growth and leverage the country’s highly qualified pool of oil and gas professionals. […]

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  • Tuesday, May 29, 2018

    Huge Discovery Highlights Mexican Unitization Policy Requirements

    development and poor reservoir management. It can also lead to unnecessary duplication of facilities. The result tends to be lower resource recovery, higher overall costs, and lower overall profits. This means less revenue for government […]

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  • Friday, May 11, 2018

    Mexico Energy Reforms Spur Pemex Deals and Outside Investment

    Falling production, rising debt and reduced reserve life were among the chief issues facing Pemex, Mexico’s national oil company. Historic reforms were introduced by Mexico’s government in 2013 to try and spark a significant reversal […]

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  • Tuesday, April 24, 2018

    How Mexico is Attracting Major Explorers to E&P Projects

    Evaluate Energy, the Daily Oil Bulletin and Sproule have partnered in a new report highlighting details of the bid rounds, the key players involved and the implications for Pemex. The report includes commentary from Jim […]

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  • Tuesday, April 10, 2018

    Mexico’s Gas Storage Strategy is Smart Policy

    Hurricane Harvey didn’t hit Mexico, yet it exposed gaps in the country’s energy infrastructure. With more than a decade of sharply declining production coupled with increasing demand, Mexico’s gas storage strategy is an initiative of national […]

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  • Monday, March 26, 2018

    Sproule Webinar Series: Chasing the Right Opportunities

    Sproule Webinar Series invites you to join us to discuss the balancing act between buyers and sellers’ expectations when chasing the right opportunities in the key resource plays across Western Canada. Register Now Chasing the […]

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  • Thursday, March 22, 2018

    Sproule Can Help You Gain Professional Development Credits For 2018

    Our 2018 training calendar is live. Refresh your knowledge or learn new concepts this year. Sproule courses can help you create a strategic economic and financial model for reserve-based play types, conduct a counterparty risk […]

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  • Thursday, January 25, 2018

    Why Major Investors are Now Being Drawn to Mexico: New Report

    Evaluate Energy, Daily Oil Bulletin and Sproule have partnered in a new report highlighting oil and gas upstream M&A activity in Latin America from 2014 to 2017. The report includes commentary from Sproule’s Jim Chisholm, […]

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  • Monday, January 22, 2018

    Sproule and AMESPAC Present Fundamentals of SPE-PRMS in Mexico

    Sproule and La Asociacion Mexicana de Empresas del Sector Petrolero A.C. (AMESPAC) are pleased to present a two-day workshop in Polanco, CDMX featuring the fundamentals of the Petroleum Resources Management System of the Society of […]

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  • Wednesday, January 17, 2018

    Brazil: New regulations spur offshore investment surge

    Evaluate Energy, Daily Oil Bulletin and Sproule have partnered in a new report highlighting oil and gas upstream M&A activity in Latin America from 2014 to 2017. The report includes commentary from Sproule’s Jim Chisholm, […]

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  • Tuesday, January 9, 2018

    Robust Deal Making in Latin America Bucks Global Trend

    Evaluate Energy, Daily Oil Bulletin, and Sproule have partnered in a new report highlighting oil and gas upstream M&A activity in Latin America from 2014 to 2017. The report includes commentary from Sproule’s Jim Chisholm, […]

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  • Monday, January 1, 2018

    Bid Rounds Give Both Mexico and Brazil Strong Starts to 2018

    Successful bid rounds in Mexico and Brazil during Q1 secured $3.1 billion in cash – a huge step forward for both countries in securing global interest in offshore development. Brazil 15th bid round in March […]

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  • Tuesday, December 5, 2017

    ‘Canada’s Not a Two-Trick Pony’: Going outside the Montney and Duvernay

    Deborah Jaremko of JWN Energy has summarized a presentation Steven Golko presented to industry in November on the oil and gas opportunity in Western Canada based on findings from Sproule Play Metrics, which shows “Canada’s […]

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  • Tuesday, November 28, 2017

    Declining Reserve Replacement Ratios Deceiving in Resource Play Environment

    The reserve replacement ratio is used as a quick reference for stakeholders to determine if a company is adding to its oil and gas reserves. If the ratio falls under 1. it indicates that additions […]

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  • Tuesday, November 14, 2017

    Lack of B.C. LNG Terminals Won’t Prevent Canadian Gas Getting to World Markets

    The North American natural gas market has emerged as the single largest and most liquid natural gas market in the world. However, it is only now that North America is becoming a major driver in […]

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  • Thursday, November 9, 2017

    Canadian Discovery and Sproule Partner to Deliver a Joint Energy Solution

    CALGARY, AB, CANADA – November 9, 2017 – Canadian Discovery Ltd. (CDL) and Sproule are pleased to announce a new strategic partnership to deliver a joint energy solution designed to leverage CDL’s geologic and technology […]

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  • Tuesday, October 24, 2017

    Canadianization of the Oilsands Fosters Moderate, Sustainable Growth

    Calgary-based Sproule estimates Canadian companies now operate approximately 70 percent of oilsands production, whereas back in 2013 the majority of high-cost oilsands productions in Canada was owned by foreign entities. The transition to local ownership provides greater […]

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  • Tuesday, October 10, 2017

    Sproule exhibits at SPE-ATCE 17

    Sproule is supporting SPE-ATCE 17 in San Antonio this week at booth 2852. Our representatives are on hand to discuss how Sproule can assist in identifying high-quality oil and gas assets and new profitability strategies. […]

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  • Tuesday, October 10, 2017

    Translating Cost Discipline into New Reserves in a Low Price Environment

    Many companies have seen a major drop in the net present value of their reserves since the sharp drop in commodity prices in 2014. Offsetting the negative impact of the oil price drop on reserve volumes and […]

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  • Monday, October 9, 2017

    Sproule Enters Mexico’s Oil & Gas Market

    Sproule, a leading global energy consulting firm, is pleased to announce the hire of Marcos y Asociados to provide local business development support in Mexico broadening Sproule’s ability to support Mexico’s oil and gas industry. […]

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  • Monday, October 9, 2017

    Tight Timeline for High Upside in 30th Offshore UK Licensing Round

    Global Petroleum Firm Offers Support to Small to Midsize Players to effectively spot the numerous hidden opportunities The 30th Offshore UK Licensing Round offers small and midsize E&P companies the opportunity to take a stake in mature, attractive […]

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  • Monday, October 2, 2017

    Shedding Liabilities in a New Energy Paradigm

    The Canadian oil and gas industry is suffering from the effects of low commodity prices and shifting energy markets. Managing end of life assets in this environment is increasingly cumbersome and constraining for many producers. […]

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  • Tuesday, September 26, 2017

    Sproule Enters European Oil and Gas Market with Strategic Hire

    Sproule, a leading global energy consulting firm, is pleased to welcome Danilo Bandiziol, a senior energy executive, to lead client support and business development activities in Europe, the Middle East and Africa (EMEA). Danilo brings […]

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  • Wednesday, September 13, 2017

    Sproule Celebrates Team Leadership Appointments in Key Industry Associations

    Sproule is pleased to congratulate two key members of the team with leadership appointments to the American Association Petroleum Geologists (AAPG) Canada Region and the Society of Petroleum Engineers (SPE). Maren Blair, P. Geol., Geologist, […]

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  • Wednesday, August 30, 2017

    Sproule presents SPE-YP Webinar, September 13

    Sproule is pleased to support the upcoming SPE-Young Professionals Webinar: Assessing Canadian Heavy Oil and Oil Sands Resources, presented by Jason Robottom, Manager Reserves Certification at Sproule. The online session will be live on Wednesday, […]

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  • Thursday, August 17, 2017

    Sproule is pleased to participate in the 2017 CGEF Conference, Sept 27-28 in Calgary

    Sproule is pleased to participate in the 2017 Canadian Global Exploration Forum (CGEF) fall conference, September 27 & 28, at the Calgary TELUS Convention Centre.  This year’s conference will examine success measures in international and unconventional oil […]

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  • Friday, August 11, 2017

    Congratulations to Barry Hanson of Sproule becoming a 2017 SPE Distinguished Member recipient

    Sproule is pleased to announce Barry Hanson of Sproule has been elected to receive a Society of Petroleum Engineers (SPE) Distinguished Member award. Barry has dedicated his time over the past 25 years supporting the advancement […]

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  • Monday, April 3, 2017

    Sproule Acquires Niven Fischer

    Sproule, a leading geoscience and engineering advisory firm in the oil and gas sector is pleased to announce the acquisition of Niven Fischer. Niven Fischer is a Calgary-based oil & gas consulting firm, providing technical, […]

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  • Tuesday, February 7, 2017

    Sproule Enters Brazil’s Oil and Gas Market with Strategic Hire

    Sproule, a leading global energy consulting firm, is pleased to announce the addition of a new senior energy executive, Nelson Narciso Filho, to lead its business development efforts in Brazil. Mr. Narciso brings 35 years […]

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  • Monday, February 6, 2017

    Executive and board-level greenhouse gas strategy course to be hosted by Sproule and Synergy Risk Solutions

    Sproule announced today the partnership with Synergy Risk Solutions to host the Greenhouse Gas Strategy for Executives course, taught by the revered Christine Schuh, PhD, P.Eng, an international expert in GHG verification and validation. “Sproule […]

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  • Wednesday, February 1, 2017

    Sproule registered by Comisión Nacional de Hidrocarburos (CNH) to conduct petroleum reserve audits in Mexico

    CALGARY, Alberta – Jan. 23, 2017 – Sproule announces approval by the Comisión Nacional de Hidrocarburos (CNH) of Mexico to conduct reserve audits in Mexico. As a trusted advisor to global E&P companies, financial institutions […]

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  • Tuesday, January 17, 2017

    Sproule Launches New Type Curve Analysis Database and Report

    Sproule announces the launch of its new Type Curve Analysis database and report. An industry first, this powerful new offering can dramatically shorten the time spent: screening opportunities, evaluating producing wells and benchmarking performance—helping E&P […]

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  • Wednesday, November 16, 2016

    New Technical and Economic Feasibility Study from Sproule: Down-spacing in the Viking

    Optimize drilling programs and efficiently increase production through insight into the long term performance of multi-fractured horizontal wells in the Viking. This study assesses the impact of down-spacing on new and offset wells. It examines […]

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