Heritage Royalty is marketing fee simple mineral rights for Farmout/Lease under three Ellerslie formation prospects in Palliser South. The prospects identify horizontal development opportunities in the Ellerslie formation by using production analogs. Highlights Prospect Area #1 Prospect Area #2 Prospect Area #3 T17 R13 W4M: 4 & 5 T17 R12 W4M: E13, E24 & E25 T14 R13 W4M: 8-10 & 14-17 T16 R13 W4M: 29-33 T17 R11 W4M: W18, W19, 21 & 29 PNG in [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 here to create an account to post jobs; it's simple and easy to use. Jan. 4 Account Manger CWD Inc. Calgary Jan. 4 Sales Representative Trinity Platinum Energy Services Calgary Jan. 3 Negotiating Landman Canadian Natural Resources Calgary Jan. 3 Production Engineer [Read more]
geoLOGIC systems ltd. Announces Purchase of Well Completions & Frac Database from Canadian Discovery Ltd.
CALGARY, December 23rd, 2016 – geoLOGIC systems ltd. (geoLOGIC) today announced that it has purchased Canadian Discovery Ltd.’s (CDL) Well Completions & Frac Database and related products, including its Direct Data Access add-on module and the Drilling Database. This acquisition includes the products and the team behind them, so clients using Canadian Discovery’s Well Completions & Frac Database will continue to receive the same high-quality data and service they have come to [Read more]
Over 1,400,000 users visited the BOE Report in 2016
Coming off the industry’s toughest year in a decade, people from across Canada and the United States once again for 2016 could not consume enough timely information on the state of the business. The BOE Report continued its leadership as the go-to site for oil and gas news, activity and information in 2016. By year-end, over 1,400,00 users visited BOEReport.com and viewed over 7.6 million pages. For 2015, annual user visitation totaled just over 600,000. The site’s traffic spiked in January [Read more]
Ideal Completion Services To Acquire Flowback And Production Testing Assets From Cathedral Energy Services
Ideal Completions Group LLC (“Ideal” or the “Company”) is pleased to announce that it has entered into a definitive purchase and sale agreement with Cathedral Energy Services Ltd. (“Cathedral”) for the acquisition of all of Cathedral’s flowback and production testing assets in Canada and the United States. The acquisition will be fully funded by management and ENR Partners LP, which is an affiliate of Edge Natural Resources LLC (“Edge”), a Dallas-based private equity firm focused on small-cap [Read more]
Read Koch Oil Sands Operating letter to AER requesting cancellation of SAGD project due to regulations and carbon tax
Koch Oil Sands Operating (KOSO) sent a letter to the AER on Wednesday, asking the regulator to cancel its Muskwa SAGD project due to serious concerns in relation to government policy which has deteriorated the economic opportunities of the project. KOSO cites regulations and carbon taxation as the main reasons it will not go ahead with the development. Read the letter below: Attention: In-Situ Applications & EPEA Applications Departments RE: Cancellation of Muskwa SAGD Project Koch [Read more]
Canada’s rig count rises for 4th straight week
Canadian oil and gas companies added rigs for a 4th straight week as winter drilling continues. Currently, western Canada has 234 rigs working. Up 4 from last week. The recent rise in drilling in western Canada has occurred in conjunction with a significant rise in oil prices after an OPEC-announced production cut. Rig counts are up by nearly 60 rigs year over year, but still significantly lower than normal: 2 years ago, over 400 were drilling. [Read more]
Highlights of the three massive deals announced yesterday
Three large acquisitions were announced yesterday in North America's upstream oil and gas industry. Combined, the transactions were valued at over C$3.25 billion containing 70,000 boe/d gross production and over 888 MMboe of proved reserves. Here's the three deals: Athabasca Oil Corp bought Statoil's Leismer Thermal Oil Project $582,000,000 purchase price 24,000 bopd production 291 MMbbl proved reserves PrairieSky Royalty announced a deal to purchase royalty assets from [Read more]
geoLOGIC Releases LMR and Volumetrics Modules and Eastern Canada Data
‘LMR and Volumetrics’ easy to use, yet handle sophisticated calculations for you. ‘geoLOGIC Data Center’ with central and eastern data—a truly national data solution. Join us in January for an informative session on leveraging your A&D decisions with geoLOGIC’s products. Refreshments will be provided. LMR LMR is the solution for making well-informed acquisitions and divestitures. Create scenarios to forecast your LMR and develop the best strategy for your next [Read more]
3 indicators Canada’s oilpatch is picking up
There seems to be more activity in western Canada's oil and gas industry. This is a seasonal occurrence as winter drilling resumes, however this time things seem to be moving at a better pace than previous years. Here are three indicators which support the upward momentum. 1. Oil prices skyrocket Crude oil made a huge run of late, up to $53/bbl for WTI crude. Oil has gained almost 20 percent since OPEC announced Nov. 30 it will cut output for the first time in eight years. 2. Rig [Read more]
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