BOE Report

BOE Report Staff

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New Properties and a New PNG Exchange

In December, PNG Exchange launched their new website. The goal with the redesign was simple: improve the overall experience for visitors to the site. Buyers and sellers. The team at PNG Exchange simplified but enhanced the search functionality, allowing users to use the terms they’re familiar with to find the properties they’re looking for. More details about the properties are available to visitors. For sellers, they completely rebuilt the backend of the site to improve the way you’re [Read more]

Highly Accurate 3rd Party ARO Estimates for Inclusion in Reserves Reporting

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]

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 Feb. 3 IT and Business Solutions Manager Vertex Sherwood Park Feb. 3 Electrical Instrumentation & Controls Technician TC Energy Airdrie Feb. 3 Electrical [Read more]

Greengate Power and Copenhagen Infrastructure Partners Announce Investment Agreement for Canada’s Largest Solar Energy Project – One of the Largest in the World

CALGARY, Alberta - Greengate Power Corporation (Greengate) and Copenhagen Infrastructure Partners (CIP) are pleased to announce that they have entered into an agreement with the intention to fund the further development and construction of the Travers Solar project. Subject to the achievement of certain remaining milestones, construction of the project is anticipated to commence in mid-2020, with full commercial operations targeted for the end of 2021. Located in Vulcan County, Alberta, Travers [Read more]

Receivership Sale: Wolf Coulee Resources Inc.

On November 18, 2019, Hardie & Kelly Inc. was appointed receiver and manager (the “Receiver”)  of Wolf Coulee Resources Inc. (“Wolf Coulee” or the “Company”).  The Receiver has engaged Sayer Energy Advisors (“Sayer”) to assist with the sale of Wolf Coulee’s oil and natural gas properties.  The Receiver was appointed by the Court pursuant to the application made by the Orphan Well Association and intends to divest the properties, in whole or in part.  The offering presents an opportunity to [Read more]

Canada weekly rig count up 3 to 247

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Canada’s fleet of active drilling rigs grew from 244 to 247 since last week according to data from Baker Hughes. Total drilling count was 247 at January 31. 157 rigs were drilling for oil; 90 for natural gas. The drilling activity in Alberta remained at 171 from last week.  Saskatchewan’s drilling grew from 51 to 53 rigs. View a full breakdown of Western Canada’s rig activity. [Read more]

PSAC Forecast Update: Oilpatch downturn – five years and still counting

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CALGARY, AB – In its first update to the 2020 Canadian Oilfield Services Activity Forecast, released today, the Petroleum Services Association of Canada (PSAC) has revised the number of wells drilled (rig released) across Canada for 2020 to 4,800 wells. This represents an increase of 300 wells, or 7 percent, from PSAC’s original 2020 Forecast released in October 2019. PSAC is basing its updated 2020 Forecast on average natural gas prices of $1.85 CDN/mcf (AECO), crude oil prices of $59.00 [Read more]

New Rex Oil Opportunity on PrairieSky Lands Available for Leasing

PrairieSky Royalty has identified over 40 potential horizontal locations targeting Rex-aged Upper Mannville sands in the Westerose area of Central Alberta. Prospective lands are analogous to recent horizontal activity targeting the Rex in the Wizard Lake and Leduc-Woodbend fields. 29° API oil has been produced from the Rex in the Westerose area, as noted in tour reports and pool data for the 102/16-32-044-03W5 horizonal well. 2D Seismic data is also available for viewing over high-graded [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 Jan. 26 Vice President Engineering & Operations LEC Calgary Jan. 25 May 2020 - Bachelor of Science (Environmental/GIS) Student Opportunities TC [Read more]