Sayer Energy Advisors has been engaged to assist a senior oil and natural gas exploration and production company (the “Company”) with the sale of certain non-core oil and natural gas properties located in the Thorsby, Sundance, Knopcik/Elmworth and Greater Boundary Lake areas of Alberta (the “Properties”). The Properties consist of non-operated and operated working interests and royalty interests. Production net to the Company from the Properties in the first half of 2019 averaged [Read more]
Fee Title Divestiture: Wembley area, Alberta
NuVista Energy Ltd. (“NuVista”) will be entertaining offers for its fee title interests in the Wembley area of Alberta (the “Asset”). The Asset is composed of 5 separate blocks with cumulative land of ~1,880 hectares (approximately 7.25 sections) and current production of ~158 boe/d (46% liquids) and YTD2019 CF ~$1.0MM. Much of the Assets are in areas with significant Montney development. Additional zones with recent activity include the Charlie Lake and Doig formations. A package of more [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 Nov. 19 Correspondence Controller Brunel Calgary Nov. 19 HSSE Data Specialist Brunel Calgary Nov. 18 Environmental Technician (Air [Read more]
Are You Capitalizing on Next Generation Civil Construction?
CALGARY – With both depressed commodity prices and juggernaut competition from Permian producers continuing to impact the western Canadian oil and gas industry, the push is on to adopt innovation and cutting-edge technology to find new ways to lower costs and compete for investment dollars. One of the largest costs to producers centers on infrastructure development projects, a large portion of which is earthworks construction in particular. Innovation in civil construction technology is proving [Read more]
Canada weekly rig count drops 6 to 134
Canada’s fleet of active drilling rigs decreased from 140 to 134 since last week according to data from Baker Hughes. Total drilling count was 134 at November 15. 88 rigs were drilling for oil; 46 for natural gas. The drilling activity in Alberta decreased, lowering from 96 to 90. Saskatchewan’s drilling stagnated, remaining at 31. View a full breakdown of Western Canada’s rig activity. [Read more]
Aucerna Ranked on Deloitte’s 2019 Technology Fast 500™
Company Attributes 432% Growth to the Energy Industry’s Digital Transformation Calgary, AB, November 7th 2019 — Aucerna (www.aucerna.com) today announced it ranked 254th on Deloitte’s Technology Fast 500™ and 4th on Deloitte’s Enterprise Fast 15™. The Technology Fast 500 is a ranking of the 500 fastest growing technology, media, telecommunications, life sciences and energy tech companies in North America. Aucerna grew 432% during this period. Aucerna co-founder and CEO, Wayne Sim, [Read more]
Corridor announces third quarter results and increased cash flow and production guidance for winter 2019/2020
HALIFAX, Nova Scotia, November 12, 2019 (TSX - CDH): Corridor Resources Inc. (“Corridor”) announced today its third quarter financial results. The following table provides a summary of Corridor’s financial and operating results for the three and nine months ended September 30, 2019, with comparisons to the three and nine months ended September 30, 2018. Corridor's unaudited financial statements and management's discussion and analysis for the third quarter have been filed on SEDAR at [Read more]
CAODC announces its 2020 Drilling Forecast
CAODC announces its 2020 Drilling Forecast: Projected 2020 wells drilled: 4,905—an increase of 9 from 2019 (4,896*) Projected 2020 operating days: 46,599—an increase of 88 from 2019 (46,511*) Rig fleet expected to decrease by 48 (545 drilling rigs to 497 drilling rigs) Total jobs expected = 22,313; flat year over year and a loss of 13,731 jobs compared to 2018. *forecast + actual Following the Canadian federal election in October, the sentiment toward Canadian oil and gas is [Read more]
Non-Core Property Divestiture: Chinchaga area of Alberta & British Columbia
Sayer Energy Advisors has been engaged to assist a senior oil and natural gas exploration and production company (the “Company”) with the sale of its non-core natural gas property located in the Chinchaga area of Alberta and British Columbia (the “Property”). In the first half of 2019, production net to the Company from Chinchaga averaged approximately 3.8 MMcf/d of natural gas and 54 barrels of natural gas liquids per day (685 boe/d). The Company holds various working interests and [Read more]
Souris, Manitoba Drilling Prospect: Major Oil & Gas Ltd.
Major Oil & Gas Ltd. (“Major” or the “Company”) has engaged Sayer Energy Advisors to assist it with the farmout or sale of its shallow medium gravity oil prospects in the Souris area of southwestern Manitoba (the “Property”). Major is open to any and all transactions relating to the Property, including a seismic option, a farmout, a sale of the Property or the sale of the shares of the Company. At Souris, Major has various interests (mainly 100%) in approximately six sections of [Read more]
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