BOE Report

BOE Report Staff

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Oil holds above $57 on U.S.-China trade talks optimism

Oil prices held above $63 per barrel on Monday as positive comments from the United States and China rekindled hopes in global markets that the world’s two largest economies could soon sign an interim deal to end their trade war. West Texas Intermediate (WTI) crude was flat at $57.70. Brent crude futures were up 12 cents at $63.51 a barrel. “It is still all about trade talks,” said Michael McCarthy, chief market strategist at CMC Markets in Sydney. “It seems to be dominating markets [Read more]

Energy Auctions Expanded Services

Energy Auctions Inc is pleased to announce their expansion of services to include ‘Business Brokerage Services’. If you have an Oil & Gas Service Company and you are interested in divesting, please call us. We will come in and give you a free consultation of the process we use to help you and your exit. Below are our current listings, any questions on the particulars for these please call us. Facility & Pipeline Construction Company – Alberta Hydrovac Services Company 65% Civil [Read more]

Canada weekly rig count up 3 to 137

Canada’s fleet of active drilling rigs grew from 134 to 137 since last week according to data from Baker Hughes. Total drilling count was 137 at November 22. 86 rigs were drilling for oil; 51 for natural gas. The drilling activity in Alberta increased, growing from 90 to 91. Saskatchewan’s drilling remained stagnant at 31. View a full breakdown of Western Canada’s rig activity. [Read more]

Location, Location, Location – East Duvernay Water Hub

By: Geoff Kovacik “Very often as an entrepreneur, the business opportunities you should look for should speak to a global trend.  And right now, a predominant global trend is sustainability” Daniel Hatfield – Edge Growth Figure 1:    East Duvernay - Haynes Member Aquifer Isopach with Watershed Basin Boundaries The East Duvernay Shale Basin (EDSB) has the potential to be a world-class resource play and has untapped opportunity for frac water management companies.  From a water [Read more]

You’re Invited to GPS Engage

You're Invited to GPS Engage GPS is proud to launch the first of a new series: GPS Engage. Join us in a discussion around Canada's energy leadership as we showcase ideas related to novel technologies, complex strategies, exciting partnerships, and more. We recognize this is a great opportunity to connect with your audience, so we are pleased to offer you an exclusive discount, only for BOE Report readers, of 25% off tickets to this event. Please use the code "BOE5OFF" upon [Read more]

Receivership Sale: Trident Exploration Corp

Sayer Energy Advisors has been engaged to assist PricewaterhouseCoopers Inc. (“PwC”) in its capacity as Court-appointed receiver of Trident Exploration Corp., Trident Exploration (WX) Corp., Trident Exploration (Alberta) Corp., Trident Limited Partnership, Trident Exploration (Aurora) Limited Partnership 1, Trident Exploration (2004) Limited Partnership 1, Trident Exploration (2006) Limited Partnership 1, and Fenergy Corp. (collectively “Trident” or the “Company”) with the sale of all of the [Read more]

The Pride Of The Fleet: “Eva Marie” A Boom With A Cause

Introducing “Eva Marie” our newest custom built side boom ready for work! This unit will be the first to site and the last back to the yard with 100% of the proceeds from every hour worked going to breast cancer research and individuals battling breast cancer! We would like to challenge our clients to match our donation when “Eva Marie” is on YOUR project! NTL Pipelines is a privately owned pipeline, facility and fabrication service company located in Grande Prairie Alberta, proudly servicing [Read more]

Non-Core Property Divestiture: Thorsby, Sundance, Knopcik/Elmworth & Greater Boundary Lake Areas

Sayer Energy Advisors has been engaged to assist a senior oil and natural gas exploration and production company (the “Company”) with the sale of certain non-core oil and natural gas properties located in the Thorsby, Sundance, Knopcik/Elmworth and Greater Boundary Lake areas of Alberta (the “Properties”).  The Properties consist of non-operated and operated working interests and royalty interests. Production net to the Company from the Properties in the first half of 2019 averaged [Read more]

Fee Title Divestiture: Wembley area, Alberta

NuVista Energy Ltd. (“NuVista”) will be entertaining offers for its fee title interests in the Wembley area of Alberta (the “Asset”). The Asset is composed of 5 separate blocks with cumulative land of ~1,880 hectares (approximately 7.25 sections) and current production of ~158 boe/d (46% liquids) and YTD2019 CF ~$1.0MM. Much of the Assets are in areas with significant Montney development.  Additional zones with recent activity include the Charlie Lake and Doig formations. A package of more [Read more]