Western Canada’s fleet of drilling rigs went down by 3 to 139 according to data collected by Baker Hughes for the week of August 23rd. Alberta lost 1, moving to 94, while Saskatchewan dropped by 1 to 32. Oil rigs went from 101 to 95, natural gas drilling increased from 41 from 44. View a full breakdown of Western Canada’s rig activity. [Read more]
Oil prices slide as U.S.-China trade war escalates
Oil prices fell sharply on Friday after China unveiled retaliatory tariffs against about $75 billion worth of U.S. goods, marking the latest escalation of a protracted trade dispute between the world’s two largest economies. U.S. West Texas Intermediate (WTI) crude futures slid by $1.50 to $53.86. Brent crude futures, the international benchmark for oil prices, fell $1.19 to $58.73 a barrel by 1250 GMT. “Policymakers and investors remain cognizant of the economic headwinds that are [Read more]
Chevron Canada’s Artificial Lift Specialist Joins The Artificial Lift & Production Optimization Western Canada Speaker Line-Up
September 25-26, 2019 – Calgary, AB http://www.canadian-production-artificiallift-optimization.com/ Event News This Week – New Speaker Joins The Line-Up Allan Antonio, Artificial Lift Specialist, Chevron Canada Early Bird Discount Ends August 23 - Click Here To Register & Save $200 2019 Event Brochure Newly Released - Click Here To Download The 2nd Annual Artificial Lift & Production Optimization: Western Canada 2019 provides you with the opportunity to hear [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 Aug. 20 Junior Field Operator Roska DBO Fox Creek Aug. 20 JOURNEYMAN HEAVY DUTY MECHANIC - (GPC) Trican Well Service Ltd. Grande Prairie Aug. 20 JOURNEYMAN [Read more]
Oil edges lower, but hopes on easing trade tensions cap losses
Oil prices edged lower on Tuesday on persisting concerns over demand, but optimism U.S.-China trade tensions will ease and hopes major economies will take stimulus measures to ward off a potential economic slowdown capped losses. Brent crude was down 19 cents to $59.55 a barrel by 1134 GMT while U.S. crude was down 27 cents at $55.94 a barrel. Both contracts traded in positive territory earlier in the session. The United States said it would extend a reprieve that permits China’s [Read more]
geoLOGIC Acquires TOP Analysis, Thermal Oilsands’ Provider of Critical Information & Competitive Intelligence
CALGARY, August 20, 2019 – geoLOGIC systems ltd. (geoLOGIC) today announced that it has purchased TOP Analysis ltd. (TOP Analysis), a provider of Canadian thermal oilsands critical information & competitive intelligence through an easy to use SaaS platform available to all disciplines. Founded in 2013, TOP Analysis has fundamentally changed the way in which companies make decisions in the thermal oilsands industry. With hundreds of users across organizations of all sizes and market [Read more]
Sinopec Canada: Wapiti Montney Land Divestiture
Sinopec Canada (“Sinopec”) is looking to divest of a portion of its prospective Montney acreage in the Wapiti Area of Alberta. Sinopec holds an average 89% working interest in 55,200 acres (86.25 gross sections) of Montney rights in the Wapiti area that it is looking to divest as part of this package. In addition, Sinopec has a working interest in 3 horizontal Montney wells and 2 vertical Montney wells. Sinopec’s lands in the Wapiti area are offset by recent drilling activity by Seven [Read more]
Pipeline rupture sends 250 barrels of oil into Alberta creek
The Alberta Energy Regulator says a pipeline has spilled approximately 250 barrels of crude oil into a creek. The regulator says on its website that the incident happened Thursday on a Bonterra Energy Corp. line 14 kilometres south of Drayton Valley, Alta. It says the line was shut in and depressurized, and that containment booms were installed. The AER says no impacts to wildlife were reported. Calgary-based Bonterra says in a news release that it began investigating a problem with [Read more]
Canada weekly rig count up 2 to 142
Western Canada’s fleet of drilling rigs went up by 2 to 142 according to data collected by Baker Hughes for the week of August 16th. Alberta grew its fleet by 1 to 95, while Saskatchewan increased by 2 to 33. Oil rigs went from 94 to 101, natural gas drilling dropped to 41 from 46. View a full breakdown of Western Canada’s rig activity. [Read more]
A look at the most active plays in Alberta for the first half of 2019
In the top four plays in Alberta, there were 452 wells drilled in total, with 225 gas wells and 224 oil wells. Montney had the most drilling with 172 wells drilled, followed by Cardium at 103, Duvernay at 91, and Viking at 86. Despite gas pricing at very low levels, virtually half the wells drilled in these formations targeted natural gas. Overall, drilling remains very depressed in Alberta as producers continue to face challenges related to continued production curtailments and record [Read more]
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