Western Divestments has been retained by Double Knot Energy Ltd. (DKE) to sell the shares of the company. DKE has 100% working interest in 7,040 acres of land (11 sections) and an override in 6 sections with various P&NG rights in the Lone Pine Creek area of South-Central Alberta. The company owns a 10 to 13% gross overriding royalty on six wells currently producing gas from the Viking Formation. There is a total of 3,840 acres (6 sections) of land associated with the GORR. Income [Read more]
In an effort to strike a USMCA deal, how much of its independence did Canada give up?
The new USMCA deal was announced Sunday night and not surprisingly, leaders of both the US and Canada declared it was a win for each of them with Donald Trump declaring it was “a great deal for all three countries”. We are hearing of the gains and losses for the Auto and Dairy Industries, but what we are not hearing is how the deal failed to resolve U.S. tariffs on Canada’s steel and aluminum exports. The steel and aluminum tariffs that Trump imposed on both countries earlier this year remain in [Read more]
24/7 Compression Ltd. and Belair Power & Production Equipment Inc. Announce Successful Merger
CALGARY, Oct. 10, 2018 /BOEReport.com/ – 24/7 Compression Ltd. (“24/7” or the “Company”) and Belair Power & Production Equipment Inc. are pleased to announce the successful merger between the two companies. “We are very excited to combine the two entities and continue on our growth path,” added President Rob Byzitter. “With the ongoing recovery in the WCSB, improved global energy prices and large scale LNG projects in Canada moving forward, this merger prepares us to offer our existing and [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 Oct. 1 Accounting Manager Strike Group Calgary Sep. 30 Electrical Instrumentation & Controls Technician TransCanada Fairview Sep. 30 Electrical [Read more]
Register for the Rocky Mountain Business Summit President’s Breakfast
Rocky Mountain Business Summit Presents: President's Breakfast with Jason Kenney Theme: Critical Change An innovative and creative business networking breakfast meeting that will engage the heart, mind and soul of you, your employees and your customers. Don't miss the premier experts with their informative presentations. Thursday, October 25, 2018 at 7:00am - 9:00am Buffet Breakfast Metropolitan Conference Centre, 333-4th Ave SW Click here to download the registration form with [Read more]
Last Chance to Sign Up for the Free Hockey Pool for the Oil and Gas Industry
https://www.youtube.com/watch?v=_smSDF3K75I Free hockey draft put on by OSY Rentals, Rival Hydrovac, and BOE Report. Deadline to enter is Wednesday October 3rd at 5PM. Takes less than 2 minutes to complete No need of hockey knowledge (pick one player from a box grouped with players of the same level) Weekly prizes for the winner and loser Random weekly prizes Grand Prize of 2 tickets, flights and hotels to any NHL playoff game Any questions please contact Dallas Cairns [Read more]
Oil and Gas Mergers & Acquisitions Have a New Set of Challenges – Bennett Jones LLP to Present October 30
With an evolving regulatory environment, political sparring and dwindling international interest, Canada’s oil and gas industry has experienced a dramatic change in M&A activity. Bennett Jones LLP will provide an overview of market trends and recap recent case law and regulatory developments that have impacted M&A activity at 24th Annual GPAC/PJVA Joint Conference on Tuesday, October 30th at the Calgary Petroleum Club. Join us to increase your breadth and depth of transaction knowledge [Read more]
Practical DST Interpretation & Hydrodynamic Exploration Methods courses being offered in Calgary.
On October 22-23, 2018 Melange Geoscience will be teaching the course Practical DST Interpretation based on the course developed and taught by Hugh W Reid. This is one of the fundamental industry courses for petroleum Geologists and Engineers, instructing participants the tools to understand, interpret and extract valuable information for historical DST’s. The course will be taught in geoLogic Systems Calgary offices. Additional information regarding the course can be found at Practical DST [Read more]
Canada Weekly Rig Count Down 19 to 178
Western Canada’s fleet of drilling rigs decreased to a total of 178 according to data collected by Baker Hughes for the week of September 28th. From one week ago, Alberta rig counts decreased from 126 to 110. Saskatchewan's rig count decreased from 50 to 48. Oil drilling went from 135 to 122; natural gas rigs decreased from 62 to 56. View a full breakdown of western Canada’s rig activity. [Read more]
Freehold Royalties Ltd. Q4 2018 Oil-Weighted Working Interest Divestiture
Freehold Royalties Ltd., and Freehold Royalties Partnership (“Freehold”) are selling non-core Working Interest assets in Alberta, Saskatchewan, and BC, which represent a 12-month trailing NOI of approximately $1.9 million (July 2017 – June 2018). The current net production for all of the Assets is approximately 407 boe/d with a liquids weighting of 65% (June 2018). They represent a current annualized NOI of $1.9 million over 228 gross wells and 48 net wells with an average Working [Read more]
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