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Aucerna Ranked on Deloitte’s 2019 Technology Fast 500™

Company Attributes 432% Growth to the Energy Industry’s Digital Transformation Calgary, AB, November 7th 2019 — Aucerna (www.aucerna.com) today announced it ranked 254th  on Deloitte’s Technology Fast 500™ and 4th on Deloitte’s Enterprise Fast 15™. The Technology Fast 500 is a ranking of the 500 fastest growing technology, media, telecommunications, life sciences and energy tech companies in North America. Aucerna grew 432% during this period. Aucerna co-founder and CEO, Wayne Sim, [Read more]

Corridor announces third quarter results and increased cash flow and production guidance for winter 2019/2020

HALIFAX, Nova Scotia, November 12, 2019 (TSX - CDH): Corridor Resources Inc. (“Corridor”) announced today its third quarter financial results. The following table provides a summary of Corridor’s financial and operating results for the three and nine months ended September 30, 2019, with comparisons to the three and nine months ended September 30, 2018. Corridor's unaudited financial statements and management's discussion and analysis for the third quarter have been filed on SEDAR at [Read more]

CAODC announces its 2020 Drilling Forecast

CAODC announces its 2020 Drilling Forecast: Projected 2020 wells drilled: 4,905—an increase of 9 from 2019 (4,896*) Projected 2020 operating days: 46,599—an increase of 88 from 2019 (46,511*) Rig fleet expected to decrease by 48 (545 drilling rigs to 497 drilling rigs) Total jobs expected = 22,313; flat year over year and a loss of 13,731 jobs compared to 2018. *forecast + actual Following the Canadian federal election in October, the sentiment toward Canadian oil and gas is [Read more]

Non-Core Property Divestiture: Chinchaga area of Alberta & British Columbia

Sayer Energy Advisors has been engaged to assist a senior oil and natural gas exploration and production company (the “Company”) with the sale of its non-core natural gas property located in the Chinchaga area of Alberta and British Columbia (the “Property”). In the first half of 2019, production net to the Company from Chinchaga averaged approximately 3.8 MMcf/d of natural gas and 54 barrels of natural gas liquids per day (685 boe/d). The Company holds various working interests and [Read more]

Souris, Manitoba Drilling Prospect: Major Oil & Gas Ltd.

Major Oil & Gas Ltd. (“Major” or the “Company”) has engaged Sayer Energy Advisors to assist it with the farmout or sale of its shallow medium gravity oil prospects in the Souris area of southwestern Manitoba (the “Property”). Major is open to any and all transactions relating to the Property, including a seismic option, a farmout, a sale of the Property or the sale of the shares of the Company. At Souris, Major has various interests (mainly 100%) in approximately six sections of [Read more]

Vertex Resource Group Ltd. reports third quarter 2019 results

Sherwood Park, Alberta, November 12th, 2019 (TSXV:VTX) - Vertex Resource Group Ltd. (“Vertex” or the “Company”) reports its financial and operational results for the three and nine months ending September 30, 2019, with comparisons to the same periods in 2018. The following operational and financial highlights should be read in conjunction with the Management Discussion and Analysis (“MD&A”) and the interim consolidated financial statements and notes thereon of Vertex for the three and nine [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 Nov. 12 Emergency Response Lead Brunel North Vancouver Nov. 8 Field Operator Roska DBO Fort St. John Nov. 8 Gas Plant Operator Roska DBO Grande [Read more]

Oil rises further above $57 as trade hopes support

Oil rose further above $57 a barrel on Tuesday, supported by hopes that U.S. President Donald Trump may signal progress on trade talks with China and lower inventories at a U.S. oil hub. Concern about slower economic growth and oil demand due to the fallout from the 16-month U.S.-China trade dispute sent prices lower on Monday. Trump gives a speech later on Tuesday and investors are keen for an update on the talks. West Texas Intermediate (WTI) crude rose 27 cents to $57.13. Brent [Read more]

How will water midstream be developed in the Montney/Duvernay?

Catapult’s Water Leadership Symposium – Friday, November 15 With an impressive lineup of researchers, economists, producers and innovators, Catapult Water Midstream is hosting its first Water Leadership Symposium this Friday. The inspiration came from CEO Michael Wood who wanted to encourage industry engagement while focusing on the environmental, social and governance aspects of managing produced water. Frustrated that other Canadian Water Conferences weren’t promoting open sharing, or [Read more]

Canada weekly rig count drops 2 to 140

Canada’s fleet of active drilling rigs decreased from 142 to 140 since last week according to data from Baker Hughes. Total drilling count was 140 at November 8. 97 rigs were drilling for oil; 43 for natural gas. The drilling activity in Alberta decreased, lowering from 99 to 96. Saskatchewan’s drilling activity increased, rising from 28 to 31. View a full breakdown of Western Canada’s rig activity. [Read more]