On October 29, 2019, Hardie & Kelly Inc. was appointed receiver and manager (the “Receiver”) of Houston Oil & Gas Ltd. (“Houston” or the “Company”). The Receiver has engaged Sayer Energy Advisors to assist with the sale of all of the Company’s remaining oil and natural gas properties which are located in southern and central Alberta (the “Properties”). The Receiver was appointed by the Court pursuant to the application made by the Orphan Well Association and intends to divest the [Read more]
Politics & PR: January 29th panel discussion to examine the PR moves, issues and implications of the 2019 federal election campaign and beyond
Calgary, AB, January 27, 2019 – CPRS Calgary, the local chapter of the Canadian Public Relations Society, will host a thought-provoking event that will be of interest to PR and communications professionals as well as Calgary business leaders who would like to understand more about the internal workings of politics, PR, and the democratic process. The event takes place from 5:00 to 8:00 p.m. MST, on Wednesday, January 29, 2020, and is open to all CPRS members and non-members. Appetizers and free [Read more]
TBar1 Transport Ltd. expands pipeyard and equipment hauling to Elk Point, AB
Some good news for the Patch Earlier this month, TBar1 Transport Ltd. expanded it’s pipeyard and equipment hauling to Elk Point, AB. In TBar1’s continued commitment to our customers and industry we chose to step into growth in efforts to keep producer costs down and better serve its clients. The expansion includes an 8 Ton picker, 25 Ton picker, trailers, pipe yard, and provides an improved regional presence that better serves producers north of the river including Bonnyville, Elk Point, [Read more]
Canada weekly rig count remains at 244 from last week
Canada’s fleet of active drilling rigs remained at 244 since last week according to data from Baker Hughes. Total drilling count was 244 at January 24. 154 rigs were drilling for oil; 90 for natural gas. The drilling activity in Alberta rose from 170 to 171 since last week. Saskatchewan’s drilling shrank from 52 to 51 rigs. View a full breakdown of Western Canada’s rig activity. [Read more]
Frack Shack Inc. announces acquisition of operating assets of the Sandtinel group of companies
Acheson, Alberta, January 23, 2020—Frac Shack Inc. (Frac Shack) announced that it has acquired all the operating assets of the Sandtinel Group of Companies (Sandtinel) for an undisclosed amount. Frac Shack will fund the purchase with cash and debt. All Sandtinel employees have also agreed to join the new entity, called Sand Separation Technologies Inc. “Bringing these companies together allows us to continue on our journey to change the world of energy. Both companies have excelled in [Read more]
Canada’s Top E&P Producers Are Choosing Aucerna Software
E&P planning software provider now trusted by 85% of Canada’s top producers Calgary, AB - As of January 2020, 85%(*1) of Canada's top oil and gas producers have chosen Aucerna for planning, operations and reserves software solutions, according to the company. Aucerna is the oil and gas industry's leading provider of front office E&P software. Their portfolio of integrated solutions includes software like Val Nav, Canada's most trusted economics and reserves software, [Read more]
Leading Bakken Producer Turns to Cold Bore SmartPAD to Digitize Completion Operations
CALGARY, AB - Cold Bore Technology Inc. (“Cold Bore”), a leader in fracking completion optimization technology, announced today that one of the largest oil producers in North Dakota’s Bakken Formation has integrated the company’s proprietary SmartPAD technology. The SmartPAD platform allows for ultra high-resolution operations data to be captured, analyzed and acted on in real-time. This results in higher levels of efficiency, increased transparency and a safer onsite environment for [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]
Producing Alberta mineral interests for sale
The Estate of Margaret Brassington (deceased) is offering for sale two quarter sections of freehold mineral interests, each of which is producing crude oil and generating royalties. These interests comprise: All mines and minerals except coal within, upon or under the Southwest Quarter of Section 5-49-1 W4M comprising 64.3 hectares (160 acres); and All mines and minerals except coal within, upon or under the Northeast Quarter of Section 19-49-1 W4M excepting thereout any of the waters [Read more]
Sproule releases 2020 report on Best Practices for Reserves Reporting of Abandonment, Decommissioning and Reclamation Costs in Canada
Sproule releases a special report on Best Practices for Reserves Reporting of Abandonment, Decommissioning and Reclamation Costs in Canada. This report outlines the recent changes to the Canadian Oil & Gas Evaluation Handbook (COGEH) with respect to the inclusion of Abandonment, Decommissioning and Reclamation Costs (ADR) in a reserves report and provides insight into how Sproule’s evaluators will follow the guidance on a go-forward basis. For more information or to download the report, [Read more]
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