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Veren Inc T.VRN

Alternate Symbol(s):  VRN

Energy Oil & Gas E&P
Veren Inc. is a Canada-based oil producer with assets in central Alberta and southeast and southwest Saskatchewan. The principal activities of the Company are acquiring, developing and holding interests in petroleum and natural gas properties and assets related thereto through a general partnership and wholly owned subsidiaries. Its core operational areas include Kaybob Duvernay and Alberta Montney, Shaunavon and Viewfield Bakken. Its Kaybob Duvernay is situated in the heart of the condensate rich fairway, Central Alberta, which provides low risk drilling inventory. Its Alberta Montney assets sit adjacent to its Kaybob Duvernay lands, possessing similar resource characteristics including pay thickness and permeability in the volatile oil fairway of the reservoir. Its Shaunavon resource play is located in southwest Saskatchewan. The Viewfield Bakken light oil pool is located in Saskatchewan.


TSX:VRN - Post by User

Veren Inc
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Comment by koraion Aug 21, 2015 1:13pm
98 Views
Post# 24040505

RE:any news on rig count

RE:any news on rig count

The oil rig count climbed again last week, according to driller Baker Hughes.

Producers brought 2 oil rigs online, bringing the count to 674.  

Last week, oil rigs climbed for a fourth straight week, by 2 to 672. The gas rig count dropped 2 to 211, and the overall tally was unchanged at 884.

Crude oil is at a fresh six-year low. On Friday, West Texas Intermediate crude oil futures in New York fell 3% to as low as $40.03 per barrel.

As oil hovers over $40 per barrel, markets remain sensitive to any signals that the supply glut is worsening.


Read more at https://www.stockhouse.com/companies/bullboard/t.bte/baytex-energy-corp#DZQCu1QLJKhPcSuM.99
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