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]
Disruptive Technology to Reduce Water Costs by up to 21%
North American energy companies spent over $24.5 billion on water and water-related services in 2017. In Canada, a large portion of that was spent simply moving, storing and disposing of water. For Canadian energy companies to compete at the global level, they need to reduce the water cost per BOE and ensure that water does not become a limiting factor in resource development. Yet, despite calls for the industry to adapt and innovate, many continue to manage water using stale and inefficient [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 Apr. 30 JOURNEYMAN HEAVY DUTY MECHANIC - (GPC) Trican Well Service Ltd. Grande Prairie Apr. 30 Medical Information Specialist Brunel Laval Apr. 30 Cost [Read more]
Athabasca Minerals Subsidiary – Aggregates Marketing Inc $1,500,000 Contract
April 30, 2019 EDMONTON, ALBERTA. Athabasca Minerals Inc. (“AMI” or the “Corporation”) (TSX Venture: ABM) announces that its wholly-owned subsidiary Aggregates Marketing Inc. (“Aggregates Marketing”) has secured a Cdn $1,500,000 order to supply aggregates for a major industrial operator located in the Regional Municipality of Wood Buffalo in northern Alberta. Aggregates Marketing Inc. (www.aggregatesmarketing.com) is an emerging technology-enabled company developed in 2018 by the Corporation, [Read more]
Rangeland Midstream Canada, Ltd. Announces New Pipeline Project
Marten Hills Pipeline System will serve the Clearwater Formation in Alberta, Canada SUGAR LAND, Texas, and CALGARY, Alberta – April 30, 2019 – Rangeland Midstream Canada, Ltd. (”Rangeland Canada”), a wholly owned subsidiary of Rangeland Energy III LLC, today announced its plans to design, construct and operate new crude oil and condensate pipelines located in the Marten Hills region of north central Alberta. The Marten Hills Pipeline System will extend approximately 85 kilometres (52.8 miles) [Read more]
Canada Weekly Rig Count Down 3 to 63
Western Canada’s fleet of drilling rigs went down to 63 according to data collected by Baker Hughes for the week of April 26th. From last Friday, Alberta rig counts went down 2 to 46. Saskatchewan's rig count remained at 1 Oil drilling remained at 19; natural gas rigs went from 47 to 44. View a full breakdown of western Canada’s rig activity. [Read more]
Last Chance to Register for CAODC’s A Conversation With Terry Etam
BOE Report contributor and author Terry Etam will be joining us for lunch on Monday April 29 to discuss his book, of The End of Fossil Fuel Insanity: Clearing the Air Before Cleaning the Air. Terry is a veteran oil and gas consultant whose pithy prose and no-nonsense takes on today’s energy issues have won him numerous fans inside and outside of the industry. His goal is to kick start new energy dialogues in a constructive manner as the world faces, and begins to understand, the real challenges [Read more]
Column: Canada’s Moral Obligation to the World
It’s common to hear an opinion on Canadian energy exports phrased something like this: “How can Canada in good conscience develop its natural resources for export when it should be leading the way in reducing emissions and developing renewable energy? Any project that increases Canada’s emissions should be halted!” The counter-argument usually rests on some variant of, “But we need the jobs!” With passions high on both sides, it’s unlikely the two groups will ever agree. Perhaps everyone could [Read more]
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