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Canada weekly rig count up 3 to 48

Canada’s fleet of active drilling rigs grew from 45 to 48 since last week according to data from the Canadian Association of Oilwell Drilling Contractors. Total drilling count was 48 at August 6. 17 rigs were drilling for oil; 30 for natural gas. The drilling activity in Alberta grew from 29 to 32 since last week. Saskatchewan’s drilling shrank from 5 to 4 rigs. View a full breakdown of Western Canada’s rig activity. [Read more]

i3 Energy plc conditional sale of Saskatchewan assets and proposed £30 million fundraise

i3 Energy plc, an independent oil and gas company with assets and operations in the UK, is pleased to announce the following update. Highlights  i3's purchase of the petroleum and infrastructure assets of Gain Energy Ltd. ("Gain") (the "Gain Acquisition") is ongoing During the process, i3 has agreed to sell Gain's Saskatchewan portfolio to Harvard Resources Inc. ("Harvard") for CAD$45 million (c.US$33 million), immediately following completion of its acquisition of Gain's petroleum and [Read more]

Ascensun Oil & Gas Ltd. – Divestiture of medium oil producing assets

Ascensun Oil & Gas Ltd. (“Ascensun” or the “Company”) has initiated a process to sell all of the Company’s oil and gas properties, which include conventional medium oil producing assets located around Grand Forks (the “Properties”). ARCO Capital Partners Inc. has been retained as financial advisor to assist in this sales process. The Properties have the following characteristics: June 2020 production of ~170 BOE/d (100% oil) from 20 net producing wells Medium oil (16o to 26o [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 Jul. 30 Health and Safety Manager Implementation, Safety Practices, Programs & System TC Energy Calgary Jul. 30 Mineral Land Administrator (13 month [Read more]

Canada weekly rig count up 3 to 45

Canada’s fleet of active drilling rigs grew from 42 to 45 since last week according to data from Baker Hughes. Total drilling count was 45 at July 31. 11 rigs were drilling for oil; 33 for natural gas. The drilling activity in Alberta grew from 28 to 29 since last week. Saskatchewan’s drilling grew from 4 to 5 rigs. View a full breakdown of Western Canada’s rig activity. [Read more]

Business Rebound – Challenges and opportunities for O&G post-COVID-19

COVID-19 has caused significant disruption to many industries across Canada, but for the O&G industry, layering the pandemic on top of historic market volatility has created some unique challenges for business owners. In this second installment of BDO’s Business Rebound Webinar Series, our expert panel will focus on business resiliency in the O&G sector to discuss: Challenges and opportunities in the post-COVID-19 landscape M&A risks to consider The current [Read more]

ELM aligns with First Nations to manage environmental liabilities across Alberta

ELM Inc. will be enhancing delivery of its abandonment, decommissioning and reclamation programs with qualified Indigenous companies such as Backwoods Energy Services.  Backwoods is an Indigenous Community owned company, with strong leadership, that has made a positive impact creating economic opportunities across Alberta for First Nation communities and Albertans. Together, ELM and Backwoods can deliver end-to-end, cost-effective environmental solutions to the industry. ELM is committed to [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 Jul. 24 Asset Administrator Vertex Sherwood Park Jul. 24 Health & Safety Advisor - 12 Month Contract ARC Resources Calgary Jul. 22 Database & Dashboard [Read more]

Bow River Energy Ltd. – CCAA sale & investment opportunity

Bow River Energy Ltd. (“Bow River” or the “Company”) has engaged Sayer Energy Advisors to assist with the marketing and consummating a transaction with respect to all of the Company’s oil and natural gas properties.  The transaction may be a sale of all, or substantially all, of Bow River’s properties, or alternatively, it may take the form of an investment in the Company through a recapitalization, refinancing or other form of restructuring. On June 1, 2020 Bow River obtained an initial [Read more]

Canada weekly rig count up 10 to 42

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Canada’s fleet of active drilling rigs grew from 32 to 42 since last week according to data from Baker Hughes. Total drilling count was 42 at July 24. 10 rigs were drilling for oil; 32 for natural gas. The drilling activity in Alberta grew from 20 to 28 since last week. Saskatchewan’s drilling grew from 8 to 9 rigs. View a full breakdown of Western Canada’s rig activity. [Read more]