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]
This week’s new oil and gas 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. Field/Plant Operator – Fort St John, BC Seeking a Field/Plant Operator for a major oil and gas company in the Fort St John area with a minimum of 5 years’ operating experience. This position is a home every night run with [Read more]
With depressed oil prices, producers find solace in the Viking play
The Viking play in western Canada has become a staple for oil producers seeking low-cost, high-quality oil production. Wells producing Viking oil can been drilled for as low as $620,000--in the case of Whitecap Resource's Saskatchewan property. Typically, wells are drilled, completed and tied-in for $0.75 - $1.2 million. These low cost wells offer lower risk opportunities for producers compared to prolific tight oil plays which get higher production rates, but at much higher costs. Viking oil [Read more]
Mayor of Fort St. John publishes op-ed concerning BC pipeline development
Last Wednesday, Lori Ackerman, Mayor of the City of Fort St. John, published an insightful perspective concerning role Canadian resource development plays within our communities and the world at large. She titled the piece "USA stops importing Canadian oil and gas” as a faux warning as to the implications of what could happen to the Canadian and British Columbia (and Alberta/Saskatchewan for that matter) economies if certain policy trajectories currently undertaken by more left leaning [Read more]
- « Previous Page
- 1
- …
- 291
- 292
- 293
- 294
- 295
- …
- 408
- Next Page »