BOE Report Staff

In the oil and natural gas sector, as in other sectors of business, companies are facing a critical situation driven by COVID-19. Additional financing announced today by the federal government is welcome news. Our industry is still waiting for more details about the roll out of the program, but this much needed loan support is critical at this time for major employers to survive and keep Canadians employed. As recovery begins, we need to ensure capacity still exists for our companies to [Read more]

Canada’s fleet of active drilling rigs shrank from 27 to 26 since last week according to data from Baker Hughes. Total drilling count was 30 at May 8th. 7 rigs were drilling for oil; 19 for natural gas. The drilling activity in Alberta fell from 16 to 15 since last week. Saskatchewan’s drilling remained at 2 rigs. View a full breakdown of Western Canada’s rig activity. [Read more]

Do you have assets you want to sell and would like to be part of a new disruptive technology?  Oil Prospect Videos is a website designed to revolutionize the A&D industry.  Whether you are a prospect generator, a mineral owner or a multinational oil company, Oil Prospect Videos can get your asset sold. Rather than rely on old text and image-based websites- enter the digital age!  Record a video of yourself presenting your asset, prospect, minerals or opportunity and allow us to upload it [Read more]

ELM Inc. is uniquely positioned to help energy companies wishing to apply to the Alberta Site Rehabilitation Program (ASRP).  We are the industry-leading Canadian service company, offering single source environmental liability management services in the areas of well abandonment, surface equipment & pipeline decommissioning, remediation & reclamation. With over 30 years of direct field execution and program management experience, ELM leads with a highly technical team, seasoned [Read more]

On April 30, 2020 Edge Liability Risk Management (“Edge”) completed a major abandonment and reclamation transaction that will see Edge commit to cleaning up an estimated $3,700,000 worth of environmental liabilities. Edge has taken an ownership interest in over 700 wells and facilities across Alberta and Saskatchewan (the “Assets”) for the purpose of working with industry partners to fulfill all future Asset Retirement Obligations (“ARO”). The Edge model allows clients and partners to instantly [Read more]

On April 24th, Alberta’s provincial government announced the implementation of the Alberta Site Rehabilitation Incentive Program, funded as part of the federal government’s COVID-19 Economic Response Plan, which will allow industry to access up to $1 billion to perform site closure work.  The program launched on May 1 and provides grants directly to service companies as a method to get Alberta’s service industry working again. Oil field services contractors are eligible to apply for grants [Read more]

Dandelion Group Management Corp. (“DGM”) – Canadian based company has an immediate need for up to 2000 Mcf/day of dry, sweet gas in Alberta. DGM is also looking for up to 10 MW Natural Gas Gen Sets (Rent or Purchase). For more information, please contact Jimmy at jimmy.jin@dandelionmanage.com [Read more]

Canada’s fleet of active drilling rigs grew from 26 to 27 since last week according to data from Baker Hughes. Total drilling count was 27 at May 1st. 7 rigs were drilling for oil; 20 for natural gas. The drilling activity in Alberta remained at 16. Saskatchewan’s drilling remained at 2 rigs. View a full breakdown of Western Canada’s rig activity. [Read more]