GFM Network News



Alberta to buy rail cars for oil

Ottawa | Reuters — The Alberta government is in talks to buy rail cars to transport 120,000 barrels per day of crude oil and expects a deal to conclude within weeks, Premier Rachel Notley said Wednesday, as the province takes actions to move oil stuck in the region because of a lack of pipeline capacity. […] Read more






Prairie farmers keep growing more canola — but world markets want it all.

THE GOLDEN CROP: The story for canola keeps getting better

Near-record crush and increasing global demand show that canola’s successful run is far from over

Canola is king across Alberta — and there’s no reason to think it won’t have a long and healthy reign. “Canola offers a leading and consistent mix of superior agronomics and strong demand,” said Greg Kostal, president of Kostal Ag Consulting. “Yeah, it has its ups and downs, and there’s little micro-reasons for it. But […] Read more


Macquarie to buy Cargill’s global oil business

Houston | Reuters — Australian bank Macquarie Group is planning on buying Cargill’s global oil business, according to people familiar with the matter, marking the second energy business the global commodities trader has shed this year. Terms of the deal have been agreed upon, but the integration could take several weeks or longer, one of […] Read more

A record number of oil companies aren’t paying their rent to landowners, nor the taxes they owe to municipalities.

Oil lease defaults hit new record

Landowner compensation claims more than doubled last year and have already doubled again this year

For the second year in a row, the number of claims against oil companies defaulting on rental agreements has smashed records. Under Section 36 of the Surface Rights Act, landowners can apply for compensation from the provincial government if an oil company hasn’t paid their surface rental lease. From 2003 to 2014, the board has […] Read more


In the last year, the Surface Rights Board has received more than 750 new applications from producers who haven’t been paid for their oil leases.

Oil companies bucking their commitments

Farmers are struggling to get oil companies to pay their leases and complete reclamation work on abandoned wells

There’s a wet spot originating from an oil well in Anthony Bruder’s pasture that his cows won’t drink from. “I’ve seen cows walk up to it, sniff it, and then walk a half-mile to the other end of the field to drink from the lake,” said Bruder, who farms near Twin Butte. “If the cows […] Read more

Oil bust could mean skyrocketing property taxes

Some Alberta municipalities are being hit hard as oil companies stop paying

With oil prices bottoming out around $30 a barrel, oil companies are scrambling to save money — sometimes at the expense of farmers. “Some companies are just deciding not to pay the annual rentals,” said Daryl Bennett, who represents the Action Surface Rights Association in southern Alberta. Last year, the Surface Rights Board had more […] Read more