• Petrobank Energy recently acquired Baytex Energy and Shell Canada’s respective 50% interests in the Kerrobert and Dawson projects. This acquisition adds 41 million barrels of conventional heavy exploitable oil to Petrobank’s reserves. The company has started development of its Kerrobert phase 1 expansion for which regulatory approval was received on August 6th. Production is projected to begin during the second quarter of 2011.  
  • The Energy Resources Conservation Board (ERCB) has approved the development plan put forth by BlackPearl Resources for its polymer flood project at Moonie. The company’s Black Rod project, a steam assisted gravity drainage (SAGD) project, was also approved. BlackPearl will begin its polymer injection during early 2011 and anticipates oil production 6 to 12 months thereafter.
  • Cenovus recently reported that its Foster Creek and Christina Lake in‐situ oil sands projects increased production by 25% in the third quarter of 2010 when compared to last year. Cenovus’ production before royalties at Foster Creek was 50,269 bpd of bitumen during the third quarter of this year, and is expected to rise to 52,000 bpd during the fourth quarter with a yearly average of 51,000 bpd. At the Christina Lake project, the company’s production before royalties was 7,838 bpd of bitumen during the third quarter, and is expected to average 7,800 bpd during the fourth quarter with a yearly average of 7,700 bpd. The company has also reported that it has received regulatory approval for the expansion of its project at Foster Creek, which will increase the production capacity at the project from 120,000 bpd of bitumen to 210,000 bpd. Additions at Christina Lake are estimated to add 40,000 bpd of bitumen production capacity.  
  • Southern Pacific Resource Corp. announced that its STP‐McKay thermal project has received government approval for expansion. The McKay project will be a 12,000 bpd bitumen design, utilizing SAGD as its recovery mechanism. The company reported that the estimated amount of proven plus probable reserves suggests a 50 year reserve life for the facility. The company stated that, having worked on McKay for almost 3 years, it is now prepared to move ahead with the final financing and construction of the project.  
  • Suncor reported that its oil sands production during September averaged approximately 264,000 bpd, with its year‐to‐date oil sands production averaging approximately 269,000 bpd at the end of September. The company is aiming to produce 280,000 bpd (plus or minus 5%) for the year 2010. Production numbers include upgraded sweet and sour synthetic crude oil and diesel, as well as bitumen, from all Suncoroperated facilities.  
  • SilverBirch Energy has announced plans to drill 40 to 50 wells starting in February 2011 on its Frontier and Equinox projects. The company will file regulatory applications for the projects in 2011.  
  • InterPipeline Fund announced that it has entered a 20‐year agreement to transport diluent to the Sunrise project being developed by Husky and BP. The company will invest $15 million to build a pipeline with 30,000 bpd capacity connecting the Sunrise project to the Edmonton market hub. InterPipeline Fund has also secured a similar contract with Imperial and Exxon Mobil for the Kearl project.