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BOE Report Staff

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Black Owl Systems Inc. announces launch of lease accounting solution

CALGARY, AB – Black Owl Systems Inc. (“Black Owl”), a Canadian developer of financial accounting software, today announced the official release of “Black Owl Lease”, an innovative solution to help public companies comply with both IFRS and US GAAP financial reporting regulations. Black Owl has created a system that streamlines the lease administration and accounting processes, delivering a robust enterprise solution that can be used with any ERP or accounting system and suitable for [Read more]

Producing Alberta mineral titles for sale

The Estate of Margaret Brassington (deceased) is offering for sale two quarter sections of freehold mineral interests, each of which is producing crude oil and generating royalties. These interests comprise: All mines and minerals except coal within, upon or under the Southwest Quarter of Section 5-49-1 W4M comprising 64.3 hectares (160 acres); and All mines and minerals except coal within, upon or under the Northeast Quarter of Section 19-49-1 W4M excepting thereout any of the waters [Read more]

Innovative technology to reduce berm erosion & tank base corrosion

Throughout a two-week timeframe in 2018, our team at Western Engineered Containment (WEC) had the opportunity to install the Precidium ECS 40 mil Tank Skirts (ECS) on the Suncor Fort Hills facilities. The companies involved in the Suncor Fort Hills Tank Skirt Systems project include Secure Energy Services, Suncor, and WEC. Tank Skirt Purposes There are 2 major purposes behind a tank skirt - Erosion Control and Corrosion Control. Erosion Control Varying climates like rain & [Read more]

Global Voice of Gas, an International Gas Union publication

The global natural gas industry has continued its recovery from the difficulties created by Covid-19 last year. Vaccines are reaching an increasing number of vulnerable people and second-wave lockdowns are being eased, helping to restore economic performance. A plunge in temperatures in Asia during December and January demonstrated the need for a stable and affordable energy supply. So too did winter storms that swept across the US in mid-February, wreaking havoc in areas like Texas, which [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 Mar. 23 Operations Engineer ELM Inc. Calgary Mar. 22 Office Administrator Temporary Contract Position Strike Group Bonnyville Mar. 22 Intermediate/Senior [Read more]

Strategic alternatives process: Briko Energy Corp.

Briko Energy Corp. (“Briko” or the “Company”) has engaged Sayer Energy Advisors to assist the Company with a strategic alternatives process.  The Company is open to reviewing all alternatives, with potential outcomes to this process including, but not limited to, a sale of some or all of the assets, a recapitalization of the Company or a sale or merger of the Company. Briko is a junior oil and natural gas company which commenced operations on December 20, 2018 resulting from the plan of [Read more]

What do we do with CO2?

Much has been said recently about reaching net-zero targets and minimizing our carbon footprint. In December 2020, the Canadian government released the Hydrogen Strategy for Canada, which lays out a detailed framework for actions that will utilize hydrogen as a tool to achieve our goal of net-zero emissions by 2050. A key factor in achieving this success will be to generate blue hydrogen from the abundance of hydrocarbons that sit in the Western Canadian Sedimentary Basin. However, to [Read more]

Join the EMBA scene at an interactive virtual event for executives

Join the Executive MBA scene. Expand your network of senior managers and visionary leaders. Premier EMBA gathers ambitious business school aspirants for productive virtual networking sessions with Rotman Executive MBA, HEC Paris EMBA, IE Business School, and more. Date: Wednesday, March 31, 2021 Place: Online event platform Executives will connect with successful alumni and representatives of some of the world’s top 50 EMBA programmes from the Financial Times Executive MBA [Read more]

World class Montney and Swan Hills light oil development drilling opportunities

Razor Energy Corp. is initiating a process to explore strategic partnerships to drill two of its low-risk light oil assets in Alberta. Potential deal structure may include farm-in, joint venture, direct equity or debt investment into Razor or some other commercial transaction. Per Well Highlights Montney Swan Hills Capex 4.0 2.5 million dollars (Cdn) Payout 0.8 1.0 years IRR >150% >120% percent NPV10 $5.3 $4.5 million dollars [Read more]

Holy cow have we got a solution for your fugitive methane emissions

With today’s ever-tightening rules on methane emissions, Producers are being forced to take new approaches when planning their facilities. Whether it’s changing to electric controllers or installing a VRU for tank vapours, these changes can be costly. But maybe a familiar technology can be a solution to some of these problems.  Utilizing a pressurized storage tank rated to 14.9 psi, this sealed unit forces all vapours to the flare stack without the use of a large diameter welded flare line. [Read more]