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Artificial Lift & Production Optimization Official Event Launch

September 25-26, 2019 – Calgary, AB http://www.canadian-production-artificiallift-optimization.com/                                                                                                                                                                      Official Event Launch 2nd Annual Canadian Artificial Lift & Production Optimization Super Early Bird Discount Ends August 02 - Click Here To Register & Save $400 2019 Event Brochure Newly Released - Click Here To [Read more]

Hillcore Group completes acquisition of Treeline Well Services Inc

Calgary, Alberta – Hillcore Group (Hillcore), is pleased to announce the acquisition of Treeline Well Services Inc. Founded in 1997 and headquartered in Calgary, Alberta, Treeline is a best-in-class provider of oil and gas well services to energy companies operating across Western Canada. Treeline operates a modern fleet of 23 new generation (post-2000) service rigs that includes 17 high hook load doubles. Treeline is currently the largest private service rig provider in Canada and is [Read more]

PSAC Forecast update confirms low investor confidence in Canada

Today, the Petroleum Services Association of Canada (PSAC), in its third update to its 2019 Canadian Drilling Activity Forecast, announced that it is decreasing its forecasted number of wells to be drilled (rig released) across Canada for 2019 from 5,300 (May 2019 revision) to 5,100 wells drilled. PSAC based its updated 2019 Forecast on average natural gas prices of $1.60 CDN/Mcf (AECO), crude oil prices of US$57.00/barrel (WTI) and the Canada-US exchange rate averaging $0.76. On a provincial [Read more]

Oil rises as market awaits U.S. Fed rate cut

Oil prices rose for a fifth day on Wednesday, supported by a drop in U.S. inventories and investor expectations that the U.S. Federal Reserve will lower borrowing costs for the first time since the financial crisis more than a decade ago. Brent crude futures, the international benchmark for oil prices, were up 42 cents, or 0.6%, at $65.14 a barrel by 1105 GMT. U.S. West Texas Intermediate crude gained 40 cents, or 0.7%, to $58.45 a barrel. For the month, however, both contracts were [Read more]

RSM Canada: Second quarterly report on economic and industry developments launched

RSM Canada ("RSM"), the leading global provider of audit, tax and consulting services focused on middle market businesses, today launched its second edition of ‘The Real Economy, Canada’ – a quarterly report that provides Canadian businesses with economic analysis and insights into what is driving growth in Canada's middle market. RSM Canada’s second report of the year explores the potential impact that macro-level trends or large-scale projects such as the Trans Mountain Expansion Project, [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 Jul. 29 Relief Gas Plant Operator Roska DBO Hinton Jul. 29 Maintenance Planner/Scheduler Brunel St. John's Jul. 29 Backfill/Mining [Read more]

Point Loma Resources Announces the Spudding of Rex Oil Farmout Well

Point Loma Resources Ltd. (TSX VENTURE: PLX) (the “Corporation” or “Point Loma”) is pleased to announce the spudding of the first farmout well of the Corporation’s recently announced two well farmout program with partner Salt Bush Energy Ltd. (“Salt Bush”). Highlights Rex oil horizontal was spudded July 27, 2019. Once drilled, the well is expected to be completed and evaluated prior to the end of August 2019. Salt Bush Energy is paying 100% of the costs to drill, complete and equip to [Read more]

Shield Industries announces new manufacturing facility in Hythe

CALGARY – July 29, 2019 – Shield Industries Ltd (“Shield”) is pleased to announce the commissioning of its new manufacturing facility in Hythe, AB. The new location will be focused on oilfield equipment fabrication such as storage tanks, low pressure vessels, pressure piping and structural steel. This strategically located new facility complements the original Taber location and enhances Shield’s ability to service local Montney and Duvernay focused producers, as well as midstream and service [Read more]

Canada Rig Count up 9 from last week, down 96 from one year ago

Canada's fleet of active drilling rigs increased to 127 from the previous week's count of 118 according to Baker Hughes. Oil drilling totaled 85 rigs, while natural gas drilling totaled 42. Alberta was the only province with an uptick in activity, increasing its total from 63 to 73. Drilling activity has remained very depressed in western Canada as producers continue to face challenges related to continued Alberta production curtailments, record low natural gas prices and generally poor [Read more]