BOE Report Staff

Do you have a handle on your company’s ARO liability? Whether you need an Asset Retirement Obligation (ARO) liability assessment or a Site-Specific Liability Assessment (SSLA), ELM has a solution for you. More and more attention is being placed on carrying the right ARO value, whether to satisfy internal ESG requirements or to ensure appropriate insurance is being carried. Or maybe you require a SSLA to reduce the LLR deposit that is held by AER. At ELM Inc. this has been a key service to our [Read more]

Canada averaged 165 active drilling rigs this week according to data from the Canadian Association of Energy Contractors. Of those rigs, 60 are drilling for natural gas, 108 are drilling for oil, and 2 for other (helium, hydrogen, geothermal, or potash). Drilling activity by province is 121 rigs in Alberta, 17 in BC, and 27 in Saskatchewan. View a full breakdown of Western Canada’s rig activity. [Read more]

With GLJ’s recently updated price forecast, we see current trends pointing towards a much tighter energy supply scenario resulting from rebounding demand. As economies shift from a focus on vaccination rates and controlling the pandemic back towards re-opening and boosting productivity, the demand for energy has quickly returned to near pre-pandemic levels. Supply lagging demand Recent under-investment and lower than average seasonal storage levels throughout North America and Europe have [Read more]

It is with deep sadness, Barclay Hambrook, who led several publicly traded energy companies, passed away peacefully on Monday, September 27 with his loving wife, Colleen Hambrook (nee Sproule) and daughter, Chantel Hambrook, and sister-in-law Cathy Sproule by his side. After a 2½ years battle with ALS it was time for Barclay to be at peace. Barclay was an experienced energy executive as well as a strong leader and team player.  Barclay fostered an entrepreneurial spirit, which led him to [Read more]

Heidi Mckillop investigates the solution to fixing "legacy wells", featuring Danielle Smith, Kris Kinnear, and Shane Sutherland. https://www.youtube.com/watch?v=PNhJ1RjYkoA [Read more]

On behalf of all of us at ELM, I wanted to take this time to recognize today as a new beginning.  Reconciliation is a spiritual process that requires more than just a day to remember. We need to come together and understand that our collective relationship requires each of us to open our hearts and minds to the process of healing. Healing is not an easy journey and recalls the words of Murray Sinclair.  “The road we travel is equal in importance to the destination we seek. There are no [Read more]