BOE Report

BOE Report Staff

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Canada weekly rig count up 2 to 142

Western Canada’s fleet of drilling rigs went up by 2 to 142 according to data collected by Baker Hughes for the week of August 16th. Alberta grew its fleet by 1 to 95, while Saskatchewan increased by 2 to 33. Oil rigs went from 94 to 101, natural gas drilling dropped to 41 from 46. View a full breakdown of Western Canada’s rig activity. [Read more]

A look at the most active plays in Alberta for the first half of 2019

In the top four plays in Alberta, there were 452 wells drilled in total, with 225 gas wells and 224 oil wells. Montney had the most drilling with 172 wells drilled, followed by Cardium at 103, Duvernay at 91, and Viking at 86. Despite gas pricing at very low levels, virtually half the wells drilled in these formations targeted natural gas. Overall, drilling remains very depressed in Alberta as producers continue to face challenges related to continued production curtailments and record [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 Aug. 12 Human Resources Advisor (Fixed Term) PetroChina Canada Calgary Aug. 12 Knowledge Management Advisor PetroChina Canada Calgary Aug. 12 Plant/Field Lead [Read more]

Point Loma Resources Announces Successful Pool Extenstion at Wizard Lake

Point Loma Resources Ltd. (TSX VENTURE:PLX) (the “Corporation” or “Point Loma”) is pleased to announce the Wizard Lake HZ 1-8-48-27W4 Rex well has been successfully drilled and cased, on schedule and on budget. This is the first of two wells in a farmout program with Salt Bush Energy Ltd (“Salt Bush”). Highlights Well was successfully drilled from the existing 16-17Hz padsite to 3033m measured depth with a 1461m lateral section. Excellent reservoir quality was encountered throughout [Read more]

Fraser Institute News Release: Since 2014, Alberta unemployment rate increases while Texas rate drops

While both Alberta and Texas were hit hard by the oil-price drop in 2014, the Texas unemployment rate has dropped while the Alberta rate has risen, finds a new study released today by the Fraser Institute, an independent, non-partisan Canadian public policy think-tank. “Some people in Alberta continue to blame the province’s comparatively high unemployment rate on the 2014 oil downturn, but Texas dealt with similar price drops and has done a much better job creating an environment where workers [Read more]

RiggerTalk launches new website, transforms energy services network

RiggerTalk is proud to present its redesigned website: https://riggertalk.com/ RiggerTalk is the energy industry's most innovative, disruptive and economic way to market your service company and grow your business!  With over 250,000 website users, 40,000 app downloads and growing an average of over 200 new daily users, RiggerTalk is the best way to advertise your services Worldwide. RiggerTalk is proven to get your company and services found and working. Include your company's location on [Read more]

Vertex Resource Group Ltd. reports strong second quarter 2019 results

Sherwood Park, Alberta, August 9th, 2019 (TSXV:VTX) - Vertex Resource Group Ltd. (“Vertex” or the “Company”) reports its financial and operational results for the three and six months ending June 30, 2019, with comparisons to the same period 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 six months [Read more]

Canada weekly rig count up 3 to 140

Western Canada’s fleet of drilling rigs went up by 3 to 140 according to data collected by Baker Hughes for the week of August 9th. Alberta grew its fleet by 8 to 94, while Saskatchewan decreased by 3 to 33. Oil drilling went from 91 to 94, natural gas rigs remained the same at 46. View a full breakdown of Western Canada's rig activity. [Read more]

Husky 2019 Cold Heavy Oil and Gas Asset Divestiture

HIGHLIGHTS Cold heavy oil and natural gas assets with high working interest Operatorship in key infrastructure Oil production from Wabiskaw, Grand Rapids, Cummings, and Sparky Formations Undeveloped oil opportunities and material waterflood/polymer flood upside Production affected by curtailment in 2019 PACKAGE 2018 AVG NET PROD (boe/d) 2019 AVG NET PROD(1) (boe/d) 2019 OIL WEIGHTING (%) NET LAND (ha) NET WELLBORE(2) count GROSS [Read more]

Oil slumps to new seven-month low on trade tensions

Oil prices fell further on Wednesday, extending recent heavy losses as deepening U.S.-China trade tensions weighed on the outlook for the global economy and energy demand. U.S. West Texas Intermediate (WTI) crude futures CLc1 were down $1.17, or 2.18%, at $52.46. Brent crude futures LCOc1 were down $1.04, or 1.75%, at $57.90 a barrel by 1251 GMT, setting a fresh seven-month low. Prices have lost more than 20% since hitting their 2019 peak in April. Brent has plunged more than 10% [Read more]