INDIAN OIL & GAS CANADA
IRC ANNUAL GENERAL MEETING
POWER TO CHOOSE SUPPORTING INDIGENOUS
2015-2016 ANNUAL REPORT
CONFERENCE SUMMARY
YOUTH IN STEM
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CANADA’S FIRST NATIONS ENERGY PUBLICATION
ND VENTURES SUMMER -2017
A STORY OF GROWTH
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Join Industry Leaders for this full day conference and trade show focused on equity and business opportunities BROUGHT TO YOU BY THE INDIAN RESOURCE COUNCIL
WEDNESDAY, OCTOBER 11, 2017 THE WESTIN HOTEL IN CALGARY, ALBERTA
For detailed event information, or to register for the conference, visit
www.EnergyEquityConference.com
CONTENTS
CANADA’S FIRST NATIONS ENERGY PUBLICATION
SUMMER - 2017 A MESSAGE FROM IRC PRESIDENT/CEO STEPHEN BUFFALO A MESSAGE FROM NEBCE WELCOME TO 2017
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STEVE SADDLEBACK DIRECTOR & EDITOR IN CHIEF NATIONAL ENERGY BUSINESS CENTRE OF EXCELLENCE INDIAN RESOURCE COUNCIL JAY AHENEKEW FUNK DIRECTOR OF SALES & MARKETING V STRATEGIES INC. CONCEPT, DESIGN AND LAYOUT
ND VENTURES A STORY OF GROWTH POWER TO CHOOSE SUPPORTING INDIGENOUS YOUTH IN STEM INDIAN OIL & GAS CANADA 2015-2016 ANNUAL REPORT (EXCERPT)
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BAY HORSE RIDER ENERGY MARKETING INC. A NEW APPROACH
INDIAN RESOURCE COUNCIL OF CANADA 235, 9911 CHIILA BOULEVARD TSUUT’INA NATION, ALBERTA T2W 6H6 T: 403.281.8308 F: 403.281.8351 W: www.irccanada.com www.elementsmagazine.ca COVER PHOTO PHOTO OF THE HARALIYA LP PARTNERSHIP BETWEEN ND VENTURES AND COLD LAKE FIRST NATION
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IRC ANNUAL GENERAL MEETING CONFERENCE SUMMARY IOGC SPOTLIGHT INTERVIEW WITH TRISH HUNTER THEBACHA A GIANT LEAP FORWARD
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Elements© is a quarterly publication distributed by the National Energy Business centre of Excellence (NEBCE) and IRC inc. Any use of content or duplication without written consent is not permitted
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A MESSAGE FROM STEPHEN BUFFALO, PRESIDENT/CEO IRC Tansi and Greetings to all our political leaders, industry supporters of IRC and friends. We are happy to bring you another edition of Elements that showcases successes and best practices of a few First Nations in the energy sector such as the recent Suncor-First MacKay partnership in Suncor’s $1B storage facility that is being built to serve Suncor’s Fort Hills’ Oilsands project. The IRC will continue to support and advocate on behalf of our members to seize these types of economic development pies wherever they are and in so doing develop critical financial and economic mass for the benefit of our people. The IRC was originally established to be an advocate of First Nations oil and gas development on Reserve lands. This mandate has quickly been revamped and modernized to reflect the reality of the times. Just like the mainstream E&P companies are adapting to changes in the oil and gas industry resulting from the slump in prices by adapting to new technology and entering the emerging alternative and green energy market, we too must adapt to these changing times. We can no longer continue to depend solely on oil and gas development on our lands, development that has seen the worst slump ever. Instead, we must seize the plentiful opportunities on our traditional lands in all aspects of energy including upstream, midstream, downstream and alternative and green energy. Many of our First Nations are doing precisely this through equity participation in pipelines, co-generation, wind power, solar and hydro production, to name a few. Traditional barriers that prevented us from realizing our full potential in this emerging industry – think lack of expertise, lack of capital, legislative and regulatory barriers including the infamous Indian Act, our own aversion to risk – are quickly coming down. The education levels of our people have increased tremendously in the last decade and with many of our youth – the fastest growing population in Canada - completing high school and entering university and college programs. Access to capital is still barrier, but we have many potential investors, including banks, private lenders and First Nations themselves, who are ready and willing to bring capital to the table. Finally, despite problems associated with the Indian Act, First Nations have found a way around this through optional legislation such as FNCIDA, the Lands Management Act and others that allow them to create and grow their own businesses. We now have the likes of Fort MacKay, Frog Lake, Blood Tribe, O’Chiese, Onion Lake, Whitecap FN, Osoyoos First Nation, West Bank FN and others who are on the cutting edge of this development. The IRC recently organized a pipeline gridlock conference where the issue of First Nations involvement in this industry was debated at length. At the end we all agreed on the motherhood issue of environment protection and “social license”, but we also agreed that FNs must have a significant equity participation in pipelines and other infrastructure development. The IRC will convene a one day conference in Calgary on this topic on October 11, 2017. Please note this important event in your calendars. Thank you once again for being great partners and supporters of IRC. Stephen Buffalo, B. Mgmt. ELEMENTS
President/CEO, IRC
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Tansi, Welcome to an new exciting year! As we look back, 2016 was a busy year. Here are just a few things we were up to; Re-design and re-launch of Elements magazine, a new NEBCE website, a cross country outreach on IRC and NEBCE initiatives and the pipeline gridlock conference. 2017 is already shaping up to be an equally busy year with new tools, projects and events planned that you will want to keep an eye out for. To give you a sneak peek here’s some things we will be working on this year. NEBCE will be launching a National GIS procurement service database, a return of Chief to Chief meetings for those involved and interested in the energy industry and new training courses with pipeline 101 kicking off 2017. Follow us on twitter @NEBCE1 and on Facebook at the National Energy Business Centre of Excellence. Keep an eye on our website and join our mailing list to have our events and announcements delivered directly to you. We thank you for your support over the past years and look forward to partnering with you again in the upcoming year! All the best, Steve Saddleback Director, National Energy Business Centre of Excellence (NEBCE)
ELEMENTS
ND VENTURES A STORY OF GROWTH ND Ventures is the Project Management and Consulting division of Cerilon Group. Under the Cerilon umbrella, we are collaborating with indigenous groups for various projects in Canada. Cerilon is currently working on developing alternative energy (renewables, cogeneration plants etc), gas-toliquids (GTL) facilities, downstream gas processing facilities and chemical projects in various parts of Canada. We are collaborating with Indigenous groups and the Indian Resource Council (IRC) to develop these projects with meaningful engagement from and shared ownership with the indigenous community. Cerilon will further support these business ventures through securing financiers and industry leading technology suppliers to provide sustainable and reliable returns on investment to the indigenous communities involved. I PAGE 6
n addition to industrial projects, we are also developing solutions for meeting community needs for housing, business development, people skills development, power distribution, energy independence, water supply, telecommunications and reducing environmental impacts. In these projects ND Ventures seeks out and places high value on indigenous participation and collaboration. We continue to seek partners in further development of these projects. As Project Management Consultants, ND Ventures, under the Cerilon umbrella, has provided project development and execution capability to various indigenous groups. NDV also believes in and supports development of skills capacity and local workforce within the communities we work with to promote self-sustainability. We believe that the most qualified personnel to look after a community owned business are the community members themselves.
ND Ventures Ltd. (NDV) is a unique project management company that brings together companies, investors, engineering services, technology providers, suppliers and people to provide an integrated solution to business and project development. ND Ventures aims to build successful collaboration of multiple stakeholders to support development of businesses that provide growth and sustainability opportunities. We have the capability to take an idea and develop it into a viable business by leveraging our relationships with industry leaders, investors and suppliers. NDV achieves these goals with the application of industry experience, strategy driven innovation, lean execution principles and successful delivery of new ventures. Combined, NDV personnel have over $45 billion worth of project development and execution experience. We continue to have the privilege of providing this expertise to various indigenous groups in Canada in development of projects and businesses.
ND Ventures has developed a number of projects successfully for Indigenous groups. The ND Ventures integrated project approach provides the full management of all the services required for the success of each project. This includes the scoping, financing, insurance, quality assurance, design and construction management through various client directed suppliers. This ensure that the client can rest assure that the best service quality is provided and that it could move forward quickly. ND Ventures set up an Environmental Consulting company, Nu Nenne Environmental, and get its systems up and running. ND Ventures ensured that Nu Nenne was compliant with client requirements for insurance, health & safety and billing. We implemented electronic timesheets, direct deposit for payroll and banking systems. NDV pursued and secured additional work for the Joint Venture as well. Nu Nenne was started up in a record time, managed and supported until stable operation and successfully transferred
over to the community to manage further themselves.
to publish the financial viability of the project. ND Ventures is managing various stakeholders to secure franchise approvals and full project financing on behalf of the McKay Métis. By developing long-lasting, truly collaborative partnerships, we benefit not only our clients but also the communities they represent. As an example, in partnership with the Cold Lake First Nations (CLFN) and ND Ventures Ltd., Harailya Corp LP was formed to foster development for Cold Lake First Nations members, families, and community by supporting long-term environmentally responsible economic growth for CLFN. Also in partnership with CLFN, ND Ventures provided business development and management expertise for a world class Marriott Courtyard hotel development project on Cold Lake First Nations land. NDV was called upon to rescue the project suffering from various issues and delays. ND Ventures successfully got
the project ‘on track’, targeted and secured the Marriott franchise for the hotel, facilitating appointment of In collaboration with Fort McKay Métis, Crescent as the Operator and managed ND Ventures developed a gas station the construction and handover of the project which includes the business project fully compliant with Marriott plan and framework for a convenience specifications. NDV also provided store, gas station, car-wash centre HR support in hiring for operations. with a recognized food franchise. This The hotel operations staff consists development will provide employment of members from CLFN and nearby opportunities for the youth and kickindigenous groups. The hotel recently start small businesses in the community. received recognition for employing NDV successfully applied for and one of the highest proportion of received funding from Aboriginal indigenous workers in Canada. Business Investment Fund on behalf of the McKay Métis Group to take the We had succesfully completed in 8 proposed project to the next stage. weeks all the activities for the design, construction contracts, finanicng, We are currently managing the permitting, insurance and the development of the project, in addition contracting to manage a portfolio of to completing the Project Economics
houses and started construction. This is one of the key benefits to let ND Ventures mange the overall plannoign and implemetation and also to utilize the community relationships and own contrctors to supply to the project. This provides win win solutions. Many other projects for the feasibility of a elders lodge, completion of commercial buildings like strips malls, etc where we also provided with all of the design, construction, operational, financing and construction requirements adressed on behalf of the community. We are working with the economic development team to provide business advise, business start up, IBR reviews and support, techncial and investment advise on business plans and opportunities to benefit the community. Life and business are a journey to fulfill a destiny. At ND Ventures, we enjoy the transformation and mystery of the journey, as well as the peaks in life and business. Part of that journey is finding and releasing treasure and value
into our people, our company, the customers we serve, the communities in which we live, the partnerships we form, and the nations with whom we have the privilege of engaging. We believe in shining our light to make the world and our community a better place. We bring life and transformation in everything we do with expectation, honour and integrity. Connect with us at www.ndventures.ca to learn more.
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POWER TO CHOOSE SUPPORTING INDIGENOUS YOUTH IN STEM By Deanna Burgart, P.Eng,
The world needs STEM (Science, Technology, Engineering and Mathematics) and STEM needs diversity to foster innovation to solve society’s challenges. Indigenous people have a connection with and respect for the land and environment. Canada’s energy future will benefit from Indigenous ways of knowing to evolve solutions. Youth are key. Power to Choose offers a science camp for Indigenous youth that introduces grade 7 – 12 students to different careers in the STEM fields in a culturally sensitive, relevant and hands-on/minds-on ways and with Indigenous STEM mentors. AWSN launched the Aboriginal mentor’s biographies program in 2007 and Operation Minerva for Aboriginal Girls in 2009. 2011, the program became Power to Choose to include boys too. Over the years, 25 mentors biographies have been captured, >250 youth have attended a 1 day event and 90 have attended camps 1-5.
The 6th annual camp runs for three days Aug 15 to 18, 2017 and will bring Indigenous scientists, engineers, and mentors to share their career experiences and talk with the campers. Other initiatives at UCalgary, Minds in Motion, Let’s Talk Science, and Aboriginal Health, also have contributed activities and facilitators for the camp. The students have learned about solar power, medicine and health, engineering, astronomy, and architecture. They engage in experiments, and have at least one field trip to a culturally significant location. If you are interested in more information on Power to Choose or would like to sponsor a child to attend the 2017 camp, please contact us at power2choose@awsn.org.
“THE STUDENTS HAVE LEARNED ABOUT SOLAR POWER, MEDICINE AND HEALTH, ENGINEERING, ASTRONOMY, AND ARCHITECTURE.”
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Excerpt from Indian Oil & Gas Canada 2015-2016 annual report Oil Production from First Nation Lands During [Fiscal Year] 2015-2016, oil was produced from 36 Indian reserves in 28 First Nations. The oil production history chart indicates that oil production from First Nation lands declined approximately 6% from the FY201415. Total First Nation oil production in FY2015-2016 was approximately 742,000 cubic metres, down from 790,000 in FY2014-2015. As in previous years, most of the oil produced from First Nations is heavy oil. The majority of oil production, approximately 55%, comes from First Nations in Alberta with the balance coming from First Nations in Saskatchewan. It is worthy to
As in FY2014-2015, there was no oil production from First Nations in Manitoba and British Columbia. The wells in the one Manitoba First Nation, wells that had produced oil during FY2013-2014, remained shut-in for FY2015-2016.
January 2015 – oil prices rallied for a few months until June 2015. After that, though, they plummeted once again, reaching their lowest point in over seven years, in February 2016. Prices rallied once again, although only slightly, to close out fiscal year 2015-16.
(See Figure A - Opposite Page Top Right)
The effects of oil price deflation continued to be felt world-wide. Many companies ceased operations, many were swallowed up by competitors, others continued to slash their capital spending programs and their workforces. By the end of fiscal year 2015-16, many people – industry workers, analysts and prognosticators, were hoping that relief might be found in November 2016, when OPEC would once again convene its annual meeting. Many still predict, however, that oil prices might never again reach the price levels experienced in 2014.
Oil Prices As reported in previous years, prices for oil, natural gas and natural gas products fluctuate according to a wide variety of influences, driven by markets and geo-economics. The effects of the deflation of crude oil prices which began in late November 2014, when the Organization of Petroleum Exporting Countries (OPEC) began to seek to regain their share of the world
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“ON THE AVERAGE, 12.5% MORE NGLS BY VOLUME WERE PRODUCED FROM INDIAN LANDS IN FY2015-2016 THAN DURING FY2014-2015.” note, though, that over 37% of the total comes from one Nation in Saskatchewan.
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supply of crude oil, were still being felt all through fiscal year 2015-16. After experiencing a low point in the latter part of fiscal year 2014-15 – in
(See Figure B - Opposite Page Bottom Left)
FIGURE A
FIGURE B
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FIGURE C
History of Natural Gas Sales from First Nations, 2006-07 to 2015-16
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FIGURE D
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The average prices for First Nation oil continue to track between heavy oil prices and bitumen prices. That is appropriate because the “average” First Nation oil has properties that place it between heavy oil and bitumen.
Natural Gas Production from First Nation Lands Natural gas originates hundreds or thousands of meters deep in the subsurface, from geologic formations that contain only natural gas and, occasionally, some associated products. But it can also originate in subsurface formations that contain oil. In the oilbearing formations, the gas is dissolved in the oil. When the oil is produced, the gas “bubbles out” of the oil as the oil rises to the surface, and more gas bubbles out of the oil as the oil is treated and stored at the surface. In those cases, the gas behaves much like the carbonation found in soft drinks. In other cases, the gas can occur in the same formation as the oil but it occupies the top of the formation while the oil occupies the bottom of the formation. In those cases, the oil and gas have separated naturally over the millions of years they have shared the formation. During fiscal year FY2015-2016, natural gas was produced from 55 Indian reserves in 41 First Nations. The natural gas production history chart indicates that natural gas sales from First Nation lands, by contrast to the declining oil production described
above, increased once again, to just under 1.8 billion cubic metres, an increase of 4% from FY2014-2015. The vast majority of Indian interest gas is produced from Alberta First Nations, over 97.5%, with almost 72% of the total coming from one First Nation alone. (See Figure C - Top Left) It’s worth noting that the production of natural gas liquids (NGLs) also increased significantly during FY20152016. On the average, 12.5% more NGLs by volume were produced from Indian lands in FY2015-2016 than during FY2014-2015. This continues a trend that began in FY2010-2011, and reflects industry’s continuing strategy of drilling for more lucrative liquidsrich natural gas, as opposed to less economic “drier” gas elsewhere.
compared to, all generally declined during fiscal year 2015-16. It is slightly ironic that those prices reached their modest “peak” during the summer months, perhaps reflecting the necessity for power for air conditioning equipment. After the summer of 2015, however, the prices dropped steadily until they were approximately $1.30 per gigajoule by the end of the fiscal year. During those last few months, North America experienced one of the warmest El Nino winters in years, which did not help prices at all. Low natural gas prices continued, indeed dropped further, in the first few months of fiscal year 2016-17. (See Figure D - Bottom Left)
Once again, natural gas and NGLs production increased most significantly in Alberta, where there are more liquids-rich natural gas formations.
Natural Gas Prices Once again, as in previous years, competition with the prolific shale natural gas fields all over the United States, especially those of the northeastern American states, have caused Canadian natural gas producers to provide gas at much lower prices than expected. The natural gas price history chart indicates that the average First Nation natural gas prices, along with the benchmark prices it is
FOR THE FULL REPORT VISIT IOGC’S WEBSITE LOCATED AT WWW.PGIC-IOGC.GC.CA/ENG/1492612115384/1492612169840
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BAY HORSE RIDER ENERGY MARKETING INC. A NEW APPROACH Introducing a new approach to Energy Marketing which is specifically designed to work with First Nations Energy producers in the Western Canadian Sedimentary Basin. Bay Horse Rider Energy Marketing Inc. is the brain child of Dwayne Big Old Man and David Haskett. Both gentlemen have years of experience in the Oil and Gas Industry, both have worked together for many years in the energy sector. Bay Horse Rider Energy Marketing Inc. (BHR) was established in 2016 to offer greater autonomy to First Nations communities that want to attain maximum management and control over their energy resources. President and CEO Dwayne Big Old Man comments “We work with First Nations organizations that are looking to do better for their nation, specifically direct control over their energy products, how they are marketed and better management of revenue streams”. At BHR transparency in prices for Natural gas, Crude Oil and Liquids is paramount to enhancing the net back that an Energy Producing First Nations will receive. Chief Operations Officer David Haskett has extensive experience in the power generation and trading market.
The BHR has a total of four staff with over 150 years of combined energy experience. The BHR service package offers; •
Price enhancement and revenue management
•
24/7 operational support on energy products
•
Natural gas transportation management on any Western Canadian pipeline system
•
Marketing strategies such as hedging, fixed price and forward term pricing
•
Physical and Financial structured products to maximize revenue streams
•
Monthly reporting and current market updates
•
Taking in Kind so you will be paid on time
BHR will work with your team managing; •
Royalty payments
•
Gas processing agreements
•
Pipeline and Transportation Contracts
DWAYNE BIG OLD MAN – PRESIDENT AND CEO, 587-727-0984, DWAYNEBOM@GMAIL.COM ELEMENTS
DAVE HASKETT – CHIEF OPERATIONS OFFICER, 403-680-3275
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bbbaB
Bay Horse Rider Energy Marketing Inc.
May 25, 2017
Dwayne Big Old Man; President and CEO Cell; 587-727-0984; Fax;403-288-3078 David Haskett; Chief Operations Officer Cell; 403-680-3275; Fax; 403-288-3078 Prices reported in this publication are for indication purposes only contact BHR for live quotes. Not for Trade purposes.
Terms
Cdn$/gj Mid Market
AECO
previous day settles USD WTI Brent
prompt prompt
$
2.8900
$ $
2.8700 Edm Light 2.8500 WCS Hvy
June 17 - Oct 17
$
2.7700 Cdn Light
Nov. 17 - Mar. 18
$
3.0000
Q3 2017
$
2.9170
$
$
$
C$/BBL 39.77
$
47.78
$
$
48.210
(0.130)
BCF
2.8200 Cdn Storage 2.5200 US Storage 0.0170
438.0000 5 yr Avg. 75+
actual
2,444
Working Gas
Nat Gas USD $ $
3.160 3.210
Crude USD $ $
49.02 current issue 51.11 April 5a Index
June - October '17 Nov. 17 - Mar. 18
$ $
3.290 3.500
$ $
51.21 52.03
Q3 2017
$
3.321
$
51.79
Q4 2017
Cdn $/gj $
2.4000 USD/Mmbtu
$
3.1900
EIA Natural Gas Storage Update
717.50 3,929.00
Total
NYMEX
Canadian Gas Westcoast Station 2 Day Ahead Date 2017-05-25 2017-05-25
last yr.
EIA Bcf
Spot / Same day June
1.3515
(0.370) Union Dawn
Natural gas storage
AECO Basis US$/Mmbtu 0.988
Bank of Canada Noon Day Rate previous day 51.360 53.960
Edm Light CAD, WCS Hvy, Cdn $ Light 51.8200 Sw
Spot / Same day Balance of May June
July - December '17 $ Cal. 2018 $
$ $
Gas Price Index (CGPR) May-17 $2.6779
trending view point
The EIA reported this morning that working gas in storage was 2,444 Bcf as of Friday May
$
3.421
$
52.08 19, 2017. This represents a net increase of 75 Bcf over the previous reporting week. Stocks
July - December '17 $
3.360
$
51.56
Cal. 2018
3.080
$
50.96 Bcf. Today's storage injection was above the estimates and had the immediate impact of
$
were 371 Bcf less than last year at this time and 241 Bcf above the 5 year average of 2,203
NYMEX Settle
Natural Gas
Crude
June
Settle
Last trade
remains off due to plant maintenance which is not unusual for this time of year. The scheduled
$
plant turnarounds are expected to extend into mid June and this will be supportive to AECO
NYMEX Gas June
$
3.209
3.1600
moving both NYMEX and AECO cash markets down. There is some Alberta production that
NYMEX Gas May expired at $ 3.1420 cash prices. WTI is down $2.34 US/b this morning and is now trading under $50 USD. Early NYMEX Crude July $ 51.360 $ 49.0200 reports are claiming that OPEC will now extend the production cuts to March 2018. Bay Horse Rider Energy Marketing Inc. is a First Nations Company build to work for oil and gas producers on First Nations Lands. Our mission is to enhance revenue to our clients that want greater autonomy over their energy resources for the direct benefit of their nation. Natural gas, crude oil and liquids are part of the First Nations heritage and future. Build your future with us.
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ELEMENTS
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MICHAEL BINNION, PRESIDENT/CEO - QUESTERRE ENERGY CORP
INDIAN RESOURCE COUNCIL ANNUAL GENERAL MEETING On January 31st, The Indian Resource Council members gathered at the Resort at the River Cree in Enoch, Alberta. The AGM brought together over 200 leaders from across the country to discuss the summary findings from the Pipeline Gridlock Conference, Opportunities for business development and joint ventures, as well as regulatory process changes such as the modernization of the National Energy Board. Keynote presenters included Questerre Energy President and Chief Executive Officer Michael Binnion who discussed historical relationships and paths towards renewed relationships. Indian Resource Council President/CEO Stephen Buffalo presented his annual report and the organizations work initiatives for the year ahead. Other presentations included Indian Oil and Gas Canada Executive Director, Strater Crowfoot, Indigenous and Northern Affairs Canada Assistant
Deputy Minister Sheilagh Murphy, National Energy Board President Peter Watson, British Columbia Oil and Gas Commission Chief Executive Officer Paul Jeakins, and Zachary Miloff, Counsel from Westaway Law Group with a response paper and review on the NEB modernization process. The AGM’s Tradeshow and Exhibition had representation from over 20 companies including the National Energy Board, Duke Energy Rentals, MNP LLP, Mount Royal University, Spirit Staffing, Indian Oil and Gas Canada, British Columbia Oil and Gas Commission, and many more. The Indian Resource Council would like to thank all our participants and sponsors of the Annual General Meeting. To receive updates and info on future events, please join our mailing list at www.irccanada.ca and follow us online on Facebook and Twitter.
TOP REGISTRATION, MIDDLE LEFT AFN REGIONAL CHIEF CRAIG MAKINAW, MIDDLE RIGHT - ATTENDEES, BOTTOM - WELCOME ADDRESS FROM CHIEF BILLY MORIN, ENOCH CREE NATION
May 31, 2017
Interview with Trish Hunter Trish Hunter grew up on the Saddle Lake Cree Nation, situated approximately 180 kilometres northeast of Edmonton. Growing up on reserve, she shares her personal experiences around some of the challenges that can prevail when living in community. As a result of her experiences growing up in her community, she sees the foundational value and impact that her work brings to her community and others.
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Trish works for Indian Oil and Gas Canada (IOGC) as the Accounts Receivable Officer of Planning and Corporate Services Department. The IOGC is an organization that operates as a division under Indigenous Northern Affairs Canada. The organizations mandate is to manage oil and gas resources on First Nation reserve lands and to support those First Nations in managing their oil and gas resources. The IOGC operates under four primary units; The Executive Division, Production Division, Lands Divisions and Planning and Corporate Services which delivers financial, administrative and human resources. Trish began her journey to pursue a degree in business administration at Mount Royal University in Calgary,
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Alberta. During one of her tax classes, Trish is a role model for many as she the instructor shared information overcame some of her own adversities regarding IOGC’s operations and it and experiences to pursue her dreams of immediately sparked an interest for gaining postsecondary education and a Trish. Soon after, Trish learnt of an career within an organization that allows opportunity for a part time position her to give back to her community and and upon applying she was brought on others in a positive way. as a summer student. In 2016, Trish Trish has a message for all youth applied for a full time position with “Coming from a First Nations’ I know IOGC, the position she currently holds the adversity we have to face as today. aboriginal people. I am aware of the As part of Trish’s day to day duties, struggles of growing up on a reserve she focuses on the allocation of whether its coming from the family, royalty payments, lease payments and our peers, or sometimes the (…) rent payments from industry. Trish communities we are surrounded by. ensures that payments to First Nation Or whether they are internal struggles communities are done promptly as within ourselves and no matter what, she knows from her own community you have to be resilient. We are experiences, the sooner the money is a strong people and we have it in received the sooner it can be applied ourselves to get through adversity so to community programs, benefiting please don’t give up on your dreams, the community in a positive way. Trish in the end all the work pays off”. shares that the IOGC is undergoing a lot of changes for the good and she is excited to grow with the organization. One day she hopes to hold a manager position but she is aware that she will need more experience under her to help her grasp all of the policies and the rules that the IOGC are subject to. The regulations of the organization are very complex.
Industry News
THEBACHA A Giant Leap Forward
The National Energy Business Centre of Excellence (NEBCE) is acutely interested in all business implications involving First Nations, specifically as it relates to new or evolving partnerships. Oil sands business within Treaty 8 Territory is massive and brings abundant opportunities. First Nations participation as business partners creates tremendous positive impact. Securing capital funds to participate has been one of the major blocks in participation. In May, 2017, an announcement was made in Canadian Business.com with regard to the unprecedented equity partnership named THEBACHA (Dene word for ‘river’) that was signed in September, 2016. The THEBACHA Partnership within the East Tank Farm agreement between Suncor, Fort McKay First Nation (FMFN) and Mikisew Cree First Nation (MCFN) heralds in new revenue over the long term for the continued and progressive development of these First Nations communities. They will purchase 70% and 30% respectively through investment capital acquired from RBC Capital Markets. This represents approximately $500 million which is about half the cost of construction of the facility. Securing prodigious economic development capital from this source indicates assured confidence in the strong foundation of the partnership and the First Nations business plans.
ON OCTOBER 11, 2017 AT THE WESTIN HOTEL, CALGARY, AB., NEBCE WILL BE PRESENTING THE ENERGY EQUITY CONFERENCE. PARTICIPANTS WILL BE GIVEN OPPORTUNITY TO EXPLORE EQUITY FUNDING, EXPLORE TURNKEY BUSINESS OPPORTUNITIES AND NETWORK.
For over 30 years, Fort McKay First Nations has actively pursued independent business ventures. They have steadily built their business portfolio and grown to become very sophisticated in managing approaches and setting tangible goals. They have used their profits to improve all education, health, employment and social sectors, and created improved infrastructure for the community. THEBACHA Equity Partnership will solidify FMFN’s ability to enhance benefits to their community of 800+ Dene and Cree people and families.
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STORY FIRST. MEDIUM SECOND. Strategy • Messaging • 100 Stories™ • Video • 2D & 3D Animation • Photography • Time Lapse • Print • Social Web Design & Development • Digital & Traditional Advertising • Virtual & Augmented Reality • Blended Visual Learning
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