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Headwater Exploration Inc T.HWX

Alternate Symbol(s):  CDDRF

Headwater Exploration Inc. is a Canadian resource company engaged in the exploration for and development and production of petroleum and natural gas in Canada. The Company has heavy oil production and reserves in the Clearwater/Falher formations in the Marten Hills, Greater Nipisi and Greater Peavine areas of Alberta and natural gas production and reserves in the McCully field near Sussex, New Brunswick. The McCully Field is located approximately 10 kilometers (kms) northeast of Sussex, New Brunswick in the farming community of Penobsquis. It owns and operates a natural gas processing plant, with a processing capacity of approximately 35 mmscfpd, and a 50 km transmission line connected to the Maritimes and Northeast pipeline. The McCully Field is a winter producing asset connected to the northeast United States gas market. The Company drilled its first stratigraphic test and single-leg horizontal well, prospective for heavy oil, in Handel, Saskatchewan.


TSX:HWX - Post by User

Post by retiredcfon Apr 13, 2022 11:19am
160 Views
Post# 34600417

Senator Manchin

Senator Manchin

MANCHIN CHEERS CANADIAN ENERGY

Joe Manchin, the Democrat senator from West Virginia, said he wants to invite Alberta Premier Jason Kenney and a delegation from the province to testify before the Senate Energy Committee on Capitol Hill to inform U.S. lawmakers about “what you do…and how well you do it” in a bid to steer the U.S. away from oil imports from OPEC nations. Manchin, who has decried the Biden administration’s decision to effectively kill Keystone XL, also told reporters in Calgary late yesterday afternoon that he “can’t guarantee” any Canadian company would be willing to invest in a project like that again, nor that the White House would reconsider that type of cross-border pipeline. “That rubbed me wrong,” Manchin said about the White House looking to OPEC nations instead of North American oil sources.

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