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Canada Weekly Rig Count Up 2 to 63

 Western Canada’s fleet of drilling rigs went up 2 to 63 according to data collected by Baker Hughes for the week of May 10th.From last Friday, Alberta rig counts remained at 42. Saskatchewan's rig count went up by 1 to 2. Oil drilling went up 5 to 22; natural gas rigs went down 3 to 41. View a full breakdown of western Canada’s rig activity. [Read more]

Changes to the Canadian Environmental Emergency Regulations – Are You Required to Comply?

On March 6th, 2019 the Canada Gazette published a significant revision of the Canadian Environmental Protection Act’s Environmental Emergency Regulations (EER SOR 2003-307), requiring any entity managing hazardous substances over prescribed limits to prepare, test, file, and communicate to the public an emergency management plan. Based on current regulated parties, approximately five thousand Canadian businesses will be subject to CEPA’s revised regulations. In this 30-minute webinar, our [Read more]

Athabasca Minerals increases Ownership in Duvernay Frac Sand Project

May-7, 2019 EDMONTON, ALBERTA. Athabasca Minerals Inc. (“AMI” or the “Corporation”) (TSX Venture: ABM) is pleased to announce that it has increased its ownership in the Duvernay Frac Sand Project (“Duvernay Project”) to 49.6% through the acquisition of an additional 33.4% interest in ‘Privco2’, a private Alberta corporation that owns the project. To date 55 auger holes have been drilled to assess the deposit and 395 samples have been delivered to AGAT Laboratories and 20 samples to Stim-Lab Inc [Read more]

Leasing Opportunity: Karve Energy – East Central Alberta

Karve Energy Inc. owns the fee simple mineral rights for approximately 170,000 gross acres of land in east-central Alberta. We also own the proprietary rights to extensive 3D and 2D seismic data that can be made available to interested parties. Karve is interested in developing these rights through agreements that promote drilling and production. We are prepared to lease and/or farmout rights below the Viking formation. Click here for maps and further information [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 May. 7 Business Support Professional - Spanish ExxonMobil Business Support Centre Canada ULC (EMBSCC) Moncton May. 7 Lead Gas Plant Operator Canlin Energy [Read more]

Energy Optimization Services For Junior Alberta Oil & Gas Companies

Engage 35 years of oil and gas experience to add value to your company! Specializing in operating expense reductions, increase your netbacks/reserve value! Field superintendent/operations manager coverage, full time management for part time cost! (Example five-day coverage for two-day cost, based on asset size!) Low monthly cost! Gas production optimization, scada decline curve analysis, plunger lift operations review! Project management, from planning to on production! Lease [Read more]

Canada Weekly Rig Count Down 2 to 61

Western Canada’s fleet of drilling rigs went down to 61 according to data collected by Baker Hughes for the week of May 5th. From last Friday, Alberta rig counts went down 4 to 42. Saskatchewan's rig count remained at 1 Oil drilling went down 2 to 17; natural gas rigs remained at 44. View a full breakdown of western Canada’s rig activity. [Read more]

Millennium Land Ltd. launches CrownReserve application for Crown Land Sales

Millennium Land Ltd. has recently launched CrownReserve, a desktop and mobile software application we have conceptualized.  Similar to the how you might make a reservation for a restaurant or a flight, with CrownReserve you can securely and instantly reserve one of Millennium Land’s confidential corporate names for use in bidding at one of the upcoming Alberta or Saskatchewan Crown Land Sales.  Millennium Land has a total of nine (9) active names registered on ETS and IRIS with the ability to [Read more]

PSAC Lowers Its 2019 Oilfield Services Activity Forecast: Market Access Challenges Suppress Reinvestment

CALGARY, AB (May 1, 2019) – Today, the Petroleum Services Association of Canada (PSAC) in its Midyear Update to the 2019 Canadian Oilfield Services Activity Forecast lowered, for a second time, its Forecast  for the number of wells drilled (rig released) in 2019 across Canada to 5,300 wells - a drop of 1,300 or twenty per cent (20%) from the original Forecast of 6,600 in November 2018.  PSAC has based its updated Forecast on an average natural gas price of C$1.65/mcf (AECO), crude oil price of [Read more]

Trident Exploration Corp. Ceases Operations

Calgary, Alberta – We regret to announce that Trident Exploration Corp. (“Trident”) ceased operations effective April 30, 2019. All 33 employees and 61 contractors have been terminated and approximately 4,700 wells are being transitioned to the care of the AER. Trident’s total estimated abandonment and reclamation obligations are approximately $329 million. Behind these obligations, we do not anticipate any recovery for shareholders and unsecured creditors. Likewise, any recovery for secured [Read more]