BOE Report Staff

In the Western Canadian Energy Industry, Completion pads are shifting towards electrification, where many decentralized diesel generators are being replaced by one larger centralized turbine coupled to an electrical micro grid. Turbines are being used for the larger frack equipment, as well as microturbines for the support gear (lights, shacks, wireline, etc.). While cost-savings and logistical simplification are key factors driving adoption of turbines, Operators in Alberta have chosen to use [Read more]

Alberta’s oil and gas producers face increasing pressure to reduce methane emissions while maintaining operational efficiency and capital discipline. One opportunity gaining traction across the sector is Emissions Reduction Alberta’s (ERA) Methane Reduction Deployment Program, which offers funding of up to 50% of eligible project costs, to a maximum of $1 million per project. For operators ready to act, the program provides a practical way to reduce emissions, improve performance, and stay [Read more]

On November 13, 2025, the Court of King’s Bench of Alberta granted an order pursuant to the Bankruptcy and Insolvency Act, appointing KSV Restructuring Inc. (“KSV”) as the receiver and manager (the “Receiver”) over all the current and future assets, undertakings, and properties (collectively, the “Property”) of Independent Renewable Resources Corp. (“IRRC”) and Independent Energy Holdings Inc. (“IEHI”, and collectively, the “Companies”). On January 15, 2026, the Receiver obtained an order, [Read more]

Harold Hamm, the oil billionaire and a founder of Continental Resources, told Bloomberg News in an interview on Friday that Continental Resources is set to halt drilling in the Bakken formation as low oil prices have eroded profit margins. According to the article, this will be the first time in over 30 years that Hamm will not have active drilling rigs in North Dakota. Breakevens in the play average around $58/bbl, according to a report by BloombergNEF, very close to where current prices [Read more]