BOE Report Staff

The shale boom has created an increase in the number of suppliers and field tickets generated for work performed. Low value, high volume activities are a feature of the shale boom – these are perfect conditions for ticket inaccuracy. Watch the on-demand webinar to learn how recent enhancements to OpenTicket allow operators to ensure hauling tickets are more accurate and prevent loads from being misallocated or under reported. Get an update on the latest from OpenTicket, including practical [Read more]

Calgary, AB, Canada, March 23, 2020 – Calgary-based Petro Ninja announced today it is dropping the paywall for two months on the Professional and Enterprise versions of its map-based oil and gas data platform. Petro Ninja hopes that offering free access will help Canadian oil and gas professionals as they scramble to make strategic business decisions while working remotely during the coronavirus pandemic. “Our industry is facing an unprecedented challenge and we couldn’t just sit by without [Read more]

Canada’s fleet of active drilling rigs shrank from 175 to 98 since last week according to data from Baker Hughes. Total drilling count was 98 at March 20th. 52 rigs were drilling for oil; 46 for natural gas. The drilling activity in Alberta fell from 127 to 73 since last week.  Saskatchewan’s drilling dropped from 29 to 12 rigs. View a full breakdown of Western Canada’s rig activity. [Read more]

Global economic activity is falling at record rate as countries take action to prevent the spread of COVID-19. Simultaneously, the OPEC+ curtailment agreement has fallen apart with Russia abandoning its willingness to cut production. This has created unprecedented volatility in the global crude market. Sproule will continue to monitor activity and provide clients with updates.  To read our latest report, click here. https://sproule.com/sproule-crude-oil-market-update/ [Read more]