Western Canada’s fleet of drilling rigs decreased to a total of 191 according to data collected by Baker Hughes for the week of October 19th. From one week ago, Alberta rig counts went up 2 to 132. Saskatchewan's rig count decreased from 41 to 40. Oil drilling went from 127 to 123; natural gas rigs remained at 68. View a full breakdown of western Canada’s rig activity. … [Read more...]
Petroleum Leadership Training by TENZING – 66% Cost Savings Available
New managers are fantastic in their working knowledge, but often lack some of the critical skills and insights to properly lead their team of people to perform at their best. Unlock the Leadership Potential of your managers in this specialized training offering by TENZING, designed to turn good managers into exceptional leaders in the Alberta petroleum industry. Three pillars of leadership training are offered in day long interactive workshops focussing on: Tapping into what truly … [Read more...]
An Industry Solution for Automation
The oil and gas industry is being challenged to cut costs dramatically and be more productive while continuing to grow more complex. The best way to keep pace with this challenge is to apply fit for purpose technologies to improve current processes. A few of the newest trends in technology - artificial intelligence (AI), robotic process automation, smart contracts and Blockchain - have received much publicity lately for improving productivity in the workplace. While these technologies might … [Read more...]
New Oil and Gas Jobs From BOE Report Jobs
Here are the latest oil and gas job postings courtesy BOE Report Jobs. To search and filter all the latest jobs, visit the BOE Report job board. All job listings are free to post for companies. Sign up to create an account to post jobs; it’s simple and easy to use. Posting Date Job Title Company Location Oct. 16 Financial Analyst West Lake Energy Calgary Oct. 16 Field Operator Roska DBO Rocky Mountain House Oct. 15 Labourer Strike Group Crossfield Projects … [Read more...]
Freehold Royalties Ltd. Q4 2018 Oil-Weighted Working Interest Divestiture
Freehold Royalties Ltd., and Freehold Royalties Partnership (“Freehold”) are selling non-core Working Interest assets in Alberta, Saskatchewan, and BC, which represent a 12-month trailing NOI of approximately $1.9 million (July 2017 – June 2018). The current net production for all of the Assets is approximately 407 boe/d with a liquids weighting of 65% (June 2018). They represent a current annualized NOI of $1.9 million over 228 gross wells and 48 net wells with an average Working … [Read more...]
Digital Transformation for E&P Means Closer Look at Data Management
Geoscience industry turns to consultants to bring data up to speed Digital transformation could revolutionize the subsurface data programs for companies whose vast data archives reside on paper or some other form of inaccessible legacy media. The transition from legacy media and “paper to digits” for seismic, well logs, well files, maps, graphics and reports will be imperative for the industry to keep up with the pace of innovation. Creating a searchable, accessible digital version of all … [Read more...]
Canadian heavy oil and bitumen are still critical to American energy security
As discussed last week at the Calgary Energy Roundtable, as U.S. output soars to record levels, Canada risks losing its edge. However, David McLellan, Principal at Ridgeway at Strategic Consulting Ltd., who recently spoke with BOEReport.com, has a different take on Canada’s role and he is pragmatically optimistic. “The application of HZ multi-stage fracturing to unconventional reservoirs has changed global energy dynamics. The USA has seen the greatest gains by increasing production from … [Read more...]
A Measurement Revolution: Chart-Reading, Schematics, and Meter Calibration
Many oil and gas companies are facing challenges when it comes to innovation and adopting the latest technologies. In a world of artificial intelligence, computer visioning, and cloud computing, the oil and gas industry still largely depends on paper schematics, conventional post, and physical charts for their measurement needs. Chart reading is critical to operations, yet dozens of companies still use traditional, physical charts to record crucial measurements. This traditional process of … [Read more...]
Cold Bore Technology Inc. Announces Financing by Rice Investment Group and New Director Appointment
Calgary, Alberta October 15, 2018 – Cold Bore Technology Inc. (“Cold Bore” or the “Company”) is pleased to announce the closing of an investment by Rice Investment Group (“RIG”) as well as the appointment of Toby Rice to the Board of Directors. Cold Bore is a global leader in fracturing optimization software, developing the first Industrial Internet of Things based Electronic Completions Recorder and remote frac operating system deployed by Cold Bore’s SmartPADTM service. The Company’s … [Read more...]
BOEReport.com welcomes former Saskatchewan Premier Brad Wall as new contributor
BOEReport.com is pleased to welcome former Saskatchewan Premier, Brad Wall as its latest contributor. Mr. Wall's monthly column will feature his thoughts on a wide range of topics important to BOEReport.com's audience. Canoe Financial is pleased to be the presenting partner for Mr. Wall's monthly column. Mr. Wall served as the 14th Premier of Saskatchewan from 2007 to 2018 and is currently a special advisor to Osler, Hoskin & Harcourt LLP. "I am honoured to be a part of … [Read more...]
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