9.5 million litres of toxic waste spills in Northern Alberta

petros

The Central Scrutinizer
Nov 21, 2008
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The band is a Corporation. There is nothing made up about that. If you PARTNER with an oil company, you are an oil company. There is no way around that.

So what we have here is one oil company slamming another oil company.
 

karrie

OogedyBoogedy
Jan 6, 2007
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bliss
*sigh* They didn't partner with an oil company, they partnered with a rig company.

" Dene Tha' will benefit financially through a 50/50 partnership affiliation with Lakota Drilling Limited in this $14.9 million project. EnCana Corporation has contracted with the partnership "
 

petros

The Central Scrutinizer
Nov 21, 2008
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Dene Tha' First Nation, EnCana Corporation and Lakota Drilling Limited Partnership are launching a historic joint venture...


to drill for apple juice., rainbows and lollipops?
 

karrie

OogedyBoogedy
Jan 6, 2007
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Dene Tha' First Nation, EnCana Corporation and Lakota Drilling Limited Partnership are launching a historic joint venture...


to drill for apple juice., rainbows and lollipops?

EnCana is contracting the natives to drill for EnCana's oil. The drilling company gets paid to drill, that is all. They do not own, control, or profit from a single drop of oil they find. Only the oil company does. The rig company only owns rigs.
 

petros

The Central Scrutinizer
Nov 21, 2008
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I get paid a percentage of what I find in cash or in shares as a bonus. That is common in mining and in oil and gas and it is called profit in they eyes of the bean counters.
 

karrie

OogedyBoogedy
Jan 6, 2007
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Because it seems to me if you owned the mineral rights wouldn't you be a gold/etc. company? Not just a 'mining' company?

I get paid a percentage of what I find in cash or in shares as a bonus. That is common in mining and in oil and gas and it is called profit in they eyes of the bean counters.


So who gets the rest?
 

karrie

OogedyBoogedy
Jan 6, 2007
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No. Where did you get that silly idea? More speculation it 'seems".

partners

YEah, I'm not familiar with the mining industry, that's why I'm asking questions.

What I am familiar with however, is the difference between drilling rigs and oil companies.

Hubby worked for a drilling company, and now works for a completions company. They are separate entities, contracted for a flat rate, from the oil companies who hire them to get their oil out of the ground.
 

petros

The Central Scrutinizer
Nov 21, 2008
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Another line from the article...

"It is also gratifying to see private industry like Lakota Drilling Limited and EnCana Corporation willing to partner in economic development projects with First Nations."

part·ner

/ˈpärtnər/

Noun
A person who takes part in an undertaking with another or others, esp.in a business or company with shared risks and profits.
Verb
Be the partner of: "he partnered her for the waltz and the tango".
Synonyms
associate - mate - companion - fellow - consort
 

karrie

OogedyBoogedy
Jan 6, 2007
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Doesn't change the fact that it clarifies they are 50/50 owners in two drilling rigs, contracted to EnCana.
 

karrie

OogedyBoogedy
Jan 6, 2007
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Not contracted PARTNERED

What language are you typing in? One that has a different meaning for partner?

lol. You're cherry picking your article.

The Lakota and Dene Tha do not own any portion of EnCana. They own two drilling rigs which EnCana has contracted (their words). Their spin speak patting themselves on the back for hiring natives doesn't change the reality of what the article states.... they have contracted them for a project.

*sigh* They didn't partner with an oil company, they partnered with a rig company.

" Dene Tha' will benefit financially through a 50/50 partnership affiliation with Lakota Drilling Limited in this $14.9 million project. EnCana Corporation has contracted with the partnership "

bump
 

petros

The Central Scrutinizer
Nov 21, 2008
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No I'm trying to explain reality to somebody with a bias. Partner means partner does it not?

What is a Joint Venture? It's a PARTNERSHIP with EnCana, Lakota and the Tha Dene nation.

You can't cherry pick the English language and add new means to words.
 

karrie

OogedyBoogedy
Jan 6, 2007
27,780
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No I'm trying to explain reality to somebody with a bias. Partner means partner does it not?


No, it doesn't. Partner has many meanings. It can mean we're working together, or it can mean I actually own shares in your company. One is reality here, in EnCana's own words, and one is not.

EnCana has said they have contracted the Lakota Drilling company.