Sinopec Canada (“Sinopec”) is in the process of selling certain non-core properties located in Alberta (~80,500 Gross Acres). The total Net production from all of the assets for H1 2018 was ~340 Boe/d (~40% oil and liquids). The Assets are a mix of Unit, Operated, and Non-Operated Working Interests, with the majority being Non-Operated. Click here to view additional information on Sinopec Canada's Non-Core Property Divestiture A package of more detailed confidential information will be [Read more]
Tailpipes through the bend of a horizontal well improve production and are becoming a standard practice for unconventional horizonal wells
Artificial lift systems under-perform when faced with unstable slug flows from a horizontal wellbore. Slug flows bring solids issues and pump gas interference which increases operating expenses from poor runtime, excessive workover costs, and inadequate production drawdown. Five years ago, the HEAL System was developed by a producer to address slug flow challenges. Its capability to provide desired production drawdown with artificial lift system reliability has improved horizontal well [Read more]
Column: Liability is the new reality
Politician of all different levels and energy executives have been reeling this fall in response to a host of challenges and attacks to Alberta's oil and gas industry. An Alberta Energy Regulator (AER) presentation to an outside group left dangling a cost estimate of $260 billion to clean up the oil and gas mess in our province. The timing of this revelation couldn’t be worse. Cleanup, or Asset Retirement Obligation (ARO) spending, may be best viewed as a kind of insurance, an investment [Read more]
How one company financed growth in today’s oil patch without debt or equity
For Travis Anderson at All West Crane and Rigging, a BC based company that rents cranes to clients in a wide variety of industries including oil and gas, the timing was right. “The turning point really was when we won some large projects,” he says. “We needed the start up capital which we could only do by factoring our receivables. And being a new growing company, we didn’t have the equity to go to the bank and ask for the funds.” It takes creativity to address the many challenges faced in a [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 Dec. 4 ACCOUNT MANAGER/OPERATIONS SPECIALIST, INDUSTRIAL SERVICES - CENTRAL & EASTERN CANADA Trican Well Service Ltd. Hamilton Dec. 1 Plant & Field [Read more]
Alberta and Saskatchewan Heavy Oil Property Divestiture
Zeal Energy Inc. is seeking a buyer for our Alberta properties. Zeal holds 100% ownership in 48 wells and 2215 Acres of P & NG rights in the Vermillion, Auburndale, Kitscoty and Lloydminster areas Current production from 2 wells is app 50 boe/day 12 wells are fully equipped and can be reactivated with minimum costs and can increase production to 200 – 250 boe/day Asking: $1.00 Drill ready Saskatchewan property Zeal is looking for a buyer for freehold mineral rights for [Read more]
Leading online energy equipment marketplace, Fuelled, announces new mobile app
Fuelled is pleased to announce the release of our new 2.0.6 mobile app. The free app is now available through App Store and Google Play. “As a digital company, Fuelled believes strongly in product and technology development” said Raj Singh, CEO and Founder of Fuelled. “We let the customer experience guide our development decisions and we will continue to invest in, evolve and grow our marketplace and maintain our dominant market position. Our goal was to make the user experience even better [Read more]
Tailpipes through the bend of a horizontal well improve production and are becoming a standard practice for unconventional horizonal wells
Artificial lift systems under-perform when faced with unstable slug flows from a horizontal wellbore. Slug flows bring solids issues and pump gas interference which increases operating expenses from poor runtime, excessive workover costs, and inadequate production drawdown. Five years ago, the HEAL System was developed by a producer to address slug flow challenges. Its capability to provide desired production drawdown with artificial lift system reliability has improved horizontal well [Read more]
These Invert Tanks Were Abandoned During Manufacturing; Who else could use these?
Stop renting and start saving. Complete set of invert/horizontal tanks – one master, two slaves – that were abandoned during manufacturing, ready to be painted and finished to your specifications. Quick points: Built in 2016 – Never used Bare steel – can be finished with your company colours and logo Comes with full documentation, drawings and warranty Features: Skidded 85m3/530 BBL double walled invert storage tanks Master tank has dual chamber (Base Oil / [Read more]
Premier Notley announces mandatory Alberta production curtailment
Alberta Premier Rachel Notley announced a mandatory oil production curtailment of 325,000 bbl/d or 8.7% of total provincial production, beginning January 1, 2019. The total production curtailment is approximately 75,000 bbl/d less than what many in the industry called for, and does not specify if there is a minimum production threshold per company for enacting the curtailment. The premier said the law will be reviewed monthly. More to come... [Read more]
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