The COVID-19 pandemic has allowed governments from around the world to hit the ‘reset’ button and incorporate aggressive green initiatives as part of their economic recovery plans. In addition, civil society and investment communities are increasingly calling on corporations to prioritize environmental, social, and governance factors in their day-to-day operations. To combat climate change, governments and corporations are implementing decarbonization strategies with the ultimate goal of [Read more]
Calroc Industries Inc.: well diversified and positioned to head into the second half of 2021
Calroc Industries Inc. has been diligent with cost controls, right-sizing, and diversification through 2021. At Calroc’s most recent Safety Meeting, President Dan Echino stated to his team with his closing remarks: “2020 was a difficult year for not only Calroc, but our entire industry. I am very proud of this group and we must remain focused on cost savings and exceptional customer service. With what I have seen from everyone’s performance last year, I know 2021 will be a great year for Calroc [Read more]
Sinopec Canada: non-core property divestiture
Sinopec Canada (“Sinopec”) is in the process of selling certain non-core properties located in Alberta & British Columbia (22 areas, ~191 Gross Sections/~59 Net Sections). The Total Net Production forecasted for 2021 for all the assets is ~258 Boe/d (~10% oil and liquids). The Assets are a mix of Operated and Non-Operated Working Interests, with the majority being Non-Operated. Click here to view additional information on Sinopec Canada’s Non-Core Property Divestiture. A package of [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 Jun. 8 Branch Representative/Receptionist Roska DBO Peace River Jun. 8 Heavy Equipment Operator Certainty Pipeline Corp Calgary Jun. 8 Production Accounting [Read more]
The surplus equipment dilemma
Optimism seems to be slowly creeping into view with stabilizing and increasing energy prices and a potential finality to the pandemic, this could shape up to be the best spring/summer season for the oilpatch in quite some time. Producers begin to consider getting off their wallet and long-shelved programs get new life breathed into them. It’s also the time to develop strategy, maximize efficiency and build off what already exists. With property, people and cash – the planning is complex but [Read more]
Surepoint Group acquires Ironline’s services business to expand service lines across Western Canada
NISKU, AB – Surepoint Technologies Group along with their partner ATB Private Equity is proud to announce the acquisition of Ironline Compression Services, the mechanical services and parts distribution arm of Ironline Compression LP (a portfolio company of Staple Street Capital, a leading middle-market private equity firm). Ironline Compression LP has been retained and will continue to operate its compressor package rental and leasing business, which was not included in this transaction. The [Read more]
Kaybob Duvernay opportunity
Bounty Developments Ltd. is soliciting offers for its 100% working interest in 106.5 sections (68,160 acres) of Duvernay and other PNG rights in the Kaybob area. Land is in two contiguous blocks of primarily intermediate-term licences in the Light Oil Duvernay Window at Two Creeks/Windfall and at Kaybob North. This is the only large quality land base of undeveloped Duvernay rights in the Kaybob basin. Well control and extensive geological and petrographic work have de-risked land and show [Read more]
Engineering advancements deliver high stage count system for optimal production and stimulation treatments
Gradual improvements in drilling and completion technology have enabled operators to increase lateral lengths and stage counts and decrease stage spacing to attain greater reservoir coverage. Packers Plus is a leading innovator of these improvements in multi-stage completion systems, and the latest iteration of the StackFRAC® system was specifically designed to provide high-stage count completions. This field-proven ball-activated completion system also enables optimal treatment rates by [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 May. 28 Production Engineer Junior Oil & Gas Producer Calgary May. 31 Well Testing Operator Roska DBO Grande Prairie May. 31 Full Stack Web [Read more]
Battle River Energy Ltd. – Non-core property divestiture
Battle River Energy Ltd. (“Battle River” or the “Company”) has engaged Sayer Energy Advisors to assist the Company with the sale of certain non-core natural gas interests located in the Provost area of Alberta, specifically the Sullivan Lake, Provost Viking Sand Gas Unit, Battle River Gas, North Provost Gas Unit and Kessler areas (the “Properties”). Battle River is selling the Properties in order to focus its operations on its core assets. Current daily production net to Battle River [Read more]
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