Canada’s fleet of active drilling rigs shrank from 98 to 54 since last week according to data from Baker Hughes. Total drilling count was 54 at March 27th. 18 rigs were drilling for oil; 36 for natural gas. The drilling activity in Alberta fell from 73 to 46 since last week. Saskatchewan’s drilling dropped from 12 to 1 rig. View a full breakdown of Western Canada’s rig activity. [Read more]
Sproule Webinar: Weathering the Perfect Storm—Strategies for Managing your E&P Company in a Pandemic and Untimely Price War
Monday, March 30th | 11:00 am MST | 45-Minutes Already grappling with infrastructure challenges, the Canadian petroleum industry now faces COVID-19 and a near-complete crude price collapse. Survival in these unprecedented times will require companies to make difficult decisions that will impact the near and long-term viability of your business. This webinar explores the many hard decisions required at this time using real-world examples to illustrate their potential impact. Featured [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. 24 Human System Integration Engineer Brunel Halifax Mar. 23 Camp Cook Roska DBO Whitecourt Mar. 23 Electrical and Instrumentation Technician Roska [Read more]
Bankruptcy Sale: Direct Oil & Gas Inc.
MNP Ltd. (the “Trustee”) has been appointed as the Trustee of the bankrupt estate of Direct Oil & Gas Inc. (“Direct” or the “Company”). The Trustee has engaged Sayer Energy Advisors to assist the Trustee with the sale of all of Direct’s oil and natural gas properties. The Company’s assets are concentrated in the northern part of the Peace River Arch in Alberta. The assets include interests in the Cecil, Dixonville, Eureka, Habay, Charlie, Beaton, Worsley, Notikewin, Hotchkiss, Lovet, [Read more]
Get Your Hauling Operations Under Control
The shale boom has created an increase in the number of suppliers and field tickets generated for work performed. Low value, high volume activities are a feature of the shale boom – these are perfect conditions for ticket inaccuracy. Watch the on-demand webinar to learn how recent enhancements to OpenTicket allow operators to ensure hauling tickets are more accurate and prevent loads from being misallocated or under reported. Get an update on the latest from OpenTicket, including practical [Read more]
Petro Ninja announces free online access to WCSB data to help energy companies get back to business
Calgary, AB, Canada, March 23, 2020 – Calgary-based Petro Ninja announced today it is dropping the paywall for two months on the Professional and Enterprise versions of its map-based oil and gas data platform. Petro Ninja hopes that offering free access will help Canadian oil and gas professionals as they scramble to make strategic business decisions while working remotely during the coronavirus pandemic. “Our industry is facing an unprecedented challenge and we couldn’t just sit by without [Read more]
Canada weekly rig count down 77 to 98
Canada’s fleet of active drilling rigs shrank from 175 to 98 since last week according to data from Baker Hughes. Total drilling count was 98 at March 20th. 52 rigs were drilling for oil; 46 for natural gas. The drilling activity in Alberta fell from 127 to 73 since last week. Saskatchewan’s drilling dropped from 29 to 12 rigs. View a full breakdown of Western Canada’s rig activity. [Read more]
Sproule Special Market Report: 2020 Unleashes Unprecedented Volatility on Global Crude Markets
Global economic activity is falling at record rate as countries take action to prevent the spread of COVID-19. Simultaneously, the OPEC+ curtailment agreement has fallen apart with Russia abandoning its willingness to cut production. This has created unprecedented volatility in the global crude market. Sproule will continue to monitor activity and provide clients with updates. To read our latest report, click here. https://sproule.com/sproule-crude-oil-market-update/ [Read more]
Leading Duvernay Producer Turns to Lateral Completions to Make PNP Completions More Efficient
Calgary, AB – Lateral Completions Inc (“Lateral”), an innovator in downhole tool technology for horizontal PNP completions, announced today that one of the largest oil producers in Alberta’s Duvernay Formation has integrated Laterals’ ‘Dissolva-Perf’ System (DP) to their completion. The Patent-Pending DP Toe Initiation System allows the operator to stimulate the first stage without the need of pumping down wireline to perforate the first stage. This results in a huge time savings, and safer [Read more]
BOE Report Podcast Episode 13: Oversupplied oil market and COVID-19 cause mayhem
On this episode of the BOE Report podcast, the team discuss the dreadful international situation surrounding the coronavirus and concurrent oil price war. Get episode on Google Play | iTunes | RSS On the Show Terry Etam Josh Groberman Michael Hibbs Topics Why the Remedy May Be Worse Than the Disease Canada Oil and Gas Markets Goldman Sachs Says Oil Has a Lot More Downside Risk [Read more]
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