BOE Report Staff

CAPL/CAPLA Spring Networking Presented by Quorum Thursday, March 5, 2020 Time: 16:30 – 21:00 Location: The Metropolitan on Stephen Ave, 317 7th Ave SW   Join us for the CAPL/CAPLA Spring Networking event and hear from local hockey legend, Lanny McDonald. Tickets: $50 members/ $100 non-members *include 2 drink tickets and food Space is limited, register today: https://landman.ca/event/2152 Schedule: 4:30 – 5:30 pm Registration & Networking 5:30 – 6:00 pm [Read more]

Vortex Production Services Ltd. is excited to announce that it has signed a Canadian Distributorship Agreement with Altronic LLC effective February 3, 2020.  Altronic has long been regarded as a world leading manufacturer of ignition and control systems for industrial engines. These products represent the industry standard for quality and are designed to improve engine performance and enhance reliability. Many components also improve operating efficiency, helping to reduce emissions, which [Read more]

Western Canada based OSY Rentals is seeking surplus production equipment to purchase. The company is currently seeking new or used: Flare stacks Vapour tight tanks Knockouts Separators Please contact dallas@osyrentals.com or greg@osyrentals.com OSY Rentals is an oilfield rental and sales company specializing in Vapour Tight Tank Packages, flares, knockouts and separators. Currently expanding our operations, we’re focused on providing the western Canadian oil and gas [Read more]

Canada’s fleet of active drilling rigs grew from 247 to 257 since last week according to data from Baker Hughes. Total drilling count was 257 at February 7. 167 rigs were drilling for oil; 90 for natural gas. The drilling activity in Alberta decreased from 171 to 167 since last week.  Saskatchewan’s drilling grew from 53 to 67 rigs. View a full breakdown of Western Canada’s rig activity. [Read more]

With the dynamic Canadian market forcing oil and gas companies to explore new avenues, many see a bright future in the United States. It’s a sound strategy, but without the proper planning, that optimism can quickly fade. Jim McEvoy, a Partner with MNP’s U.S. Tax Services team, works with companies to help them transition operations to the States and sees the issues firsthand. In his experience, the key pitfalls are company structuring, understanding sales tax and managing employee [Read more]

Sproule presentation builds on PSAC Workforce Study and proprietary analysis to highlight how responsible decommissioning can create a new multibillion-dollar job opportunity for Alberta. Download Now [Read more]

Recent changes to the Canadian Oil & Gas Evaluation Handbook (COGEH) consider it a best practice to incorporate abandonment, decommissioning and reclamation costs into reserve evaluation reports.  Not only is including environmental liability estimates the right thing to do, but increasingly it is being demanded by investors throughout the world.  Sproule does an excellent job of explaining this best practice in their report entitled “Reserves Reporting Best Practice” available [Read more]