BOE Report Staff

CALGARY: January 25, 2021 - Spectrum Process Systems Inc. is pleased to announce their rebrand to OPSCO Process Corp, with a new website at opsco.ca. In 1965, OPSCO (Optimized Process Solutions Co.) opened its doors in Calgary, AB and has since provided 55+ years of industry-leading modular process solutions.  Spectrum was founded in 2012 and in 2013 OPSCO and Spectrum combined operations. We have successfully served over 250 clients and delivered 4000+ projects to date, deploying an [Read more]

The 2020 Canada rig count average finished the year 50 rigs lower than in 2019 (from 142 to 92). Compared to 2018, 2020 finished 114 rigs lower, on average. Compared to the recent high in 2014, the rig count is a mere 22% of its 2014 count of 413. 2020 started the year off strong, with counts more optimistic than 2016 and 2019, just under 2017 and 2018. When the covid-19 pandemic hit in March, the sudden drop caused 2020 rigs counts to drop below the recent lows in 2016; counts hit as low as [Read more]

BOE Report is proud to announce the unveiling of our brand new Alberta Energy Regulator (AER) Licence Transfers page. This exciting new page has a list of aggregated licence transfer of wells, facilities, and pipelines as they are applied to and decided by AER. AER Licence Transfers are updated daily from the AER website. Statuses are defined as: Approved – Approved by the AER Closed – file closed and transfer did not complete Withdrawn – company applying withdraws application [Read more]

Universal Geomatics Solutions Corp. (UGS) is excited to announce that it has recently become a majority female-owned business, after recent share transactions within its existing shareholder group. This is a significant milestone for Environmental and Social Governance (ESG) at UGS. A purpose-driven company, UGS champions best-in-class initiatives in sustainability for industry. Diversity and inclusion are critical to the company’s ongoing success and UGS is proud that its commitment to equal [Read more]

Private company looking for a suitable operating partner in the development of a shallow depth, ~1mmbbl medium gravity oil pool in Central AB.  The project includes land, discovery well with over a year of production history, and associated single well battery and gas pipeline tie-in. Plans include reactivation of the existing well and up to six vertical offset drilling locations. The ideal candidate will be a small, private, financially stable, capable operator with existing operations in [Read more]