BOE Report Staff

Secondstreet.org explores the impact of oil on a Tesla electric vehicle. https://www.youtube.com/watch?v=swQz3Kzevb0 [Read more]

The Canadian Association of Oilwell Drilling Contractors is pleased with both the speed and direction of the Alberta Government’s portion of federal funding for well reclamation. In a press release on Friday, April 24, the Minister of Energy announced service rig contractors are eligible to apply for and receive grants directly, and that an application process would be launched on Friday, May 1. “We couldn’t be happier with the Alberta Government’s approach,” explains CAODC President and [Read more]

Canada’s fleet of active drilling rigs shrank from 30 to 26 since last week according to data from Baker Hughes. Total drilling count was 26 at April 24th. 8 rigs were drilling for oil; 18 for natural gas. The drilling activity in Alberta fell from 17 to 16 since last week. Saskatchewan’s drilling remained at 2 rigs. View a full breakdown of Western Canada’s rig activity. [Read more]

Oil prices fell on Monday, depressed by concerns U.S. storage facilities will soon be full as the novel coronavirus pandemic destroys demand and as companies prepare to report their worst quarterly earnings since the 2008 financial crisis. The front-month May WTI contract fell $6.00, or 32.6%, to $12.41 a barrel. Brent was down $1.43, or 4.7%, to $26.98 a barrel. At one point, it dropped by 21% to $14.47 a barrel, the lowest since March 1999, but the U.S. sell-off was exaggerated by [Read more]

Canada’s fleet of active drilling rigs shrank from 35 to 30 since last week according to data from Baker Hughes. Total drilling count was 30 at April 17th. 7 rigs were drilling for oil; 23 for natural gas. The drilling activity in Alberta fell from 22 to 17 since last week. Saskatchewan’s drilling grew to 2 rigs. View a full breakdown of Western Canada’s rig activity. [Read more]

The Canadian Association of Oilwell Drilling Contractors is pleased with the Federal Government’s $1.7 billion commitment to the reclamation of abandoned wells at a time when workers in the oil and gas industry are struggling. An investment like this will put well-servicing companies back to work for an extended period, and will also employ many of the ancillary services related to well abandonment such as excavation and transportation companies. Additionally, steady service rig activity in [Read more]

Drakkar Energy Ltd. (“Drakkar”) and Blacksteel Energy Inc. (“Blacksteel”) (TSX-V: BEY) (collectively the “Companies”) have a combined 100% working interest (70% Drakkar, 30% Blacksteel) in an oil and natural gas asset in the Girouxville area of northwestern Alberta (the “Property”).  The Property is operated by Drakkar and is the sole asset of both Companies. The Companies have engaged Sayer Energy Advisors to assist with a joint sales process whereby Drakkar and Blacksteel intend to both [Read more]

As part of our ongoing commitment to provide our customers with the best data and tools to make effective operational decisions, GDM Pipelines is pleased to let you know about the release of Connectivity Manager…the latest addition to Converge! Converge Connectivity Manager is the simplest, most cost-effective connectivity solution on the market. Using a simple drag-and-drop interface, you can easily create system diagrams that represent your entire network of assets. With it, you can… [Read more]