Western Canada’s fleet of drilling rigs decreased to a total of 186 according to data collected by Baker Hughes for the week of December 7th. From last Friday, Alberta rig counts went down 8 to 128. Saskatchewan's rig count decreased from 37 to 32. Oil drilling went from 1119 to 102; natural gas rigs went increased 4 to 84. View a full breakdown of western Canada’s rig activity. … [Read more...]
Sinopec Canada: Non-Core Property Divestiture
Sinopec Canada (“Sinopec”) is in the process of selling certain non-core properties located in Alberta (~80,500 Gross Acres). The total Net production from all of the assets for H1 2018 was ~340 Boe/d (~40% oil and liquids). The Assets are a mix of Unit, Operated, and Non-Operated Working Interests, with the majority being Non-Operated. Click here to view additional information on Sinopec Canada's Non-Core Property Divestiture A package of more detailed confidential information will be … [Read more...]
Tailpipes through the bend of a horizontal well improve production and are becoming a standard practice for unconventional horizonal wells
Artificial lift systems under-perform when faced with unstable slug flows from a horizontal wellbore. Slug flows bring solids issues and pump gas interference which increases operating expenses from poor runtime, excessive workover costs, and inadequate production drawdown. Five years ago, the HEAL System was developed by a producer to address slug flow challenges. Its capability to provide desired production drawdown with artificial lift system reliability has improved horizontal well … [Read more...]
Column: Liability is the new reality
Politician of all different levels and energy executives have been reeling this fall in response to a host of challenges and attacks to Alberta's oil and gas industry. An Alberta Energy Regulator (AER) presentation to an outside group left dangling a cost estimate of $260 billion to clean up the oil and gas mess in our province. The timing of this revelation couldn’t be worse. Cleanup, or Asset Retirement Obligation (ARO) spending, may be best viewed as a kind of insurance, an investment … [Read more...]
December 2018 Expiring Lands Report: Are there opportunities for you?
This week let's take a look at expiring lands. According to AssetBook data, these are the top 25 companies with expiring lands over the next six months. From this data, AssetBook allows you to easily identify and rank expiring lands based on the size of bonuses paid. This will help you prioritize companies who have the most money on the line and therefore may be more open to farm-in or partnership opportunities. E&Ps – could there be farm-in opportunities or land coming … [Read more...]
How one company financed growth in today’s oil patch without debt or equity
For Travis Anderson at All West Crane and Rigging, a BC based company that rents cranes to clients in a wide variety of industries including oil and gas, the timing was right. “The turning point really was when we won some large projects,” he says. “We needed the start up capital which we could only do by factoring our receivables. And being a new growing company, we didn’t have the equity to go to the bank and ask for the funds.” It takes creativity to address the many challenges faced in a … [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 Dec. 4 ACCOUNT MANAGER/OPERATIONS SPECIALIST, INDUSTRIAL SERVICES - CENTRAL & EASTERN CANADA Trican Well Service Ltd. Hamilton Dec. 1 Plant & Field … [Read more...]
Alberta and Saskatchewan Heavy Oil Property Divestiture
Zeal Energy Inc. is seeking a buyer for our Alberta properties. Zeal holds 100% ownership in 48 wells and 2215 Acres of P & NG rights in the Vermillion, Auburndale, Kitscoty and Lloydminster areas Current production from 2 wells is app 50 boe/day 12 wells are fully equipped and can be reactivated with minimum costs and can increase production to 200 – 250 boe/day Asking: $1.00 Drill ready Saskatchewan property Zeal is looking for a buyer for freehold mineral rights for … [Read more...]
Leading online energy equipment marketplace, Fuelled, announces new mobile app
Fuelled is pleased to announce the release of our new 2.0.6 mobile app. The free app is now available through App Store and Google Play. “As a digital company, Fuelled believes strongly in product and technology development” said Raj Singh, CEO and Founder of Fuelled. “We let the customer experience guide our development decisions and we will continue to invest in, evolve and grow our marketplace and maintain our dominant market position. Our goal was to make the user experience even better … [Read more...]
Tailpipes through the bend of a horizontal well improve production and are becoming a standard practice for unconventional horizonal wells
Artificial lift systems under-perform when faced with unstable slug flows from a horizontal wellbore. Slug flows bring solids issues and pump gas interference which increases operating expenses from poor runtime, excessive workover costs, and inadequate production drawdown. Five years ago, the HEAL System was developed by a producer to address slug flow challenges. Its capability to provide desired production drawdown with artificial lift system reliability has improved horizontal well … [Read more...]
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