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BOE Intel Q4 2022 Earnings Season Report Card – Part 2

For the second entry in our two-part Q4 2022 Earnings Season Report Card, we’ve focused on cost structures and netbacks (see part 1 here). Our analysis has shown that Q4 2022 was a productive period for gas-heavy producers, many of which were able to take advantage of then favourable movements in natural gas prices as winter set in. Inflation exerted upward pressure on operating and transportation costs, although these effects were distributed unevenly between the two. We have prepared summary [Read more]

Asset Sale – Prairie Provident Resources – Provost East & West

Prairie Provident Resources has engaged Energy Advisors Group to assist in the monetization of Central Alberta assets. Continuing their 2023 divestiture program with the primarily PPR operated Provost Package. The package consists of 15 producers, 3 disposal wells, 2 drilling locations and 8 reactivation candidates. On offer is a low risk, mainly operated asset with net sales of ~100 boe/d (63% liquids) (January 2023) delivering ~$84,000/month net cash flow in Q4 2022. Eight reactivations are [Read more]

Week in Review – Stock gainers/fallers and most read articles

Welcome to the BOE Report's Week in Review! Did you miss something this week? We've got you covered. Check out any BOE Intel articles that you missed, and catch up on our most read articles from the week. We have also included the top gainers and fallers in the energy markets this week among our BOE Intel coverage list. TOP 5 GAINERS/FALLERS THIS WEEK Top 5 Gainers Top 5 Fallers Company Symbol This week Company Symbol This Week Crescent [Read more]

BOE Intel Q4 2022 Earnings Season Report Card – Part 1

With earnings season coming to a close, and only a handful of companies yet to announce their results, it’s high time for an assessment of how the year closed out in the Canadian oilpatch. Using our dataset that covers over 40 companies, we have performed an in-depth assessment of Canadian producers’ performance on a number of measures in Q4 2022 including production volumes, costs, and cash flow generation. This article, the first of a two-part series, will focus on production volumes and [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 Mar. 20 Renewable Energy Operations Coordinator Northern Energy Capital Whitehorse Mar. 20 Senior Business Development Executive Johnson Service Group [Read more]

Controlling Manageable Risks in Pipeline Projects

Major pipeline projects in Canada continue to progress, however unexpected cost overruns and unpredicted risk events are impacting projects underway, as well as consideration for future projects that could face similar challenges. There are several examples of such projects which have experienced significant cost and schedule overruns. For example, the estimated cost for TC Energy Coastal GasLink Pipeline Project has risen from $6.6 billion to an anticipated $14.5 billion as of February 1, [Read more]

How Corrigal Consulting completed their client’s Accelerated Site Closure project on time and on budget

When approached by an international oil and gas producer based in Calgary with operations in Saskatchewan, Corrigal Consulting (Corrigal) knew the challenge the producer was facing. The oil and gas company needed Corrigal to manage their Accelerated Site Closure Program that focused on identifying their highest risk inactive flowlines and pipelines in the province, nominating these assets via the Integrated Resource Information System (IRIS), and then identifying preferred service companies to [Read more]

Asset Sale – Prairie Provident Resources – Southern Alberta – Coutts Field

­Prairie Provident Resources (“PPR”) is working with Energy Advisors Group to monetize several non-core Central and Southern Alberta assets, starting their 2023 divestiture program with the PPR-operated Coutts Field, comprised of approximately 3,640 gross / 2,850 net acres. Most leases have rights to the base of the Mannville. Two wells, including a recent reactivation, produce steadily at 15 boe/d (net) from the Cutbank and Glauconitic Sands at depths ranging 2,600 to 4,100 feet (~800 to 1,250 [Read more]

HighFire Energy Services: Cleaning with Steam

In order to properly execute vessel entries, internal inspections and repairs a vessel must be purged of all flammable vapors, fumes, and contaminants. The team at HighFire Energy Services has executed vessel decontaminations throughout Alberta including rail cars, storage bullets, towers, and storage spheres. Using a method of cleaning known as Vapor Phase Cleaning, steam and cleaning solution is introduced into the vessel, tower or sphere. Steam is used to preheat the steel and begin the [Read more]

Unified Valve Group (UVG) are pleased to announce the official merger between UVG and VALWEST Equipment Ltd.

Unified Valve Group (UVG) are pleased to announce the official merger between UVG and VALWEST Equipment Ltd. operating as Process and Steam Specialties (PSS) in the provinces of Saskatchewan, Alberta, British Colombia and the Northwest Territories. Effective March 6th, 2023 our combined teams started conducting business as Unified Valve Group. PLEASE NOTE THIS DOES NOT IMPACT PROCESS & STEAM SPECIALTIES (PSS) BRANCHES OPERATING IN ONTARIO, QUEBEC, OR THE MARITIME PROVINCES. UVG was founded [Read more]