BOE Report

BOE Report Staff

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Canada rig count down 2 rigs this week to 343

Canada's rig count dropped by 2 to 345 rigs this week. Rig activity is still strong versus one year ago when only 242 were working. Of the active fleet 197 are drilling for oil and 146 for gas. United States rig count has been steadily climbing since last June. Most recent count has 729 active drilling rigs. up 17 from last week and 326 from last June's low. Canada rig counts are still substantially lower than 3 years ago, when 600 rigs were steadily active through the drilling [Read more]

PNG Exchange New Properties & Equipment

PNG Exchange New Properties Freehold Royalties Ltd. - Non-Op Unit WI Sale, Unleased Fee Lands Centrica Energy – Saskatchewan Fee Title Lease Auction - bids due April 28, 2017 Canadian Natural Resources Limited – Normandville, Hamburg, SE SK, Lonerock TORC Oil & Gas – Northville, Garrington, Carrot Creek, Pine Creek, Nanton, Ferrier, Kaybob-Cardium Taylor Hill Exploration Exploration Ltd. – Swan Hills TAQA North – Blue Rapids, Wilson Creek, Nordegg, Brazeau, Brant Farrow, [Read more]

Sproule registered by Comisión Nacional de Hidrocarburos (CNH) to conduct petroleum reserve audits in Mexico

CALGARY, Alberta, CANADA –February 2, 2017 – Sproule announces approval by the Comisión Nacional de Hidrocarburos (CNH) of Mexico to conduct reserve audits in Mexico. As a trusted advisor to global E&P companies, financial institutions and governments, “We are excited to extend Sproule’s geoscience and engineering expertise in the successful exploration and production of Mexico’s energy resources,” says Nora Stewart, Senior Vice President, Reserves Certification. “Having a 65-year legacy [Read more]

Crescent Point Energy Drilled over 1.4 million metres in 2016

Crescent Point Energy Drilled 1,443,392 metres in 2016. 1,380,401 of which was in Saskatchewan where the company holds most of their operations. What is apparent is that they put by far the most pipe into the ground compared to any other producer in Canada. Company Metres Drilled Crescent Point Energy 1,443,392 Raging River Exploration Inc. 682,012 Teine Energy Ltd. 667,594 Tourmaline Oil Corp. 562,492 Peyto Exploration and Development 547,639 Shell [Read more]

PSAC Looks to the Future with Cautious Optimism Once Again for 2017

CALGARY, AB (January 30, 2017) – In its first update to the 2017 Canadian Drilling Activity Forecast, released today, the Petroleum Services Association of Canada (PSAC) has revised its forecasted number of wells drilled (rig releases) across Canada for 2017 to 5,150 wells. This represents an increase of 975 wells, or 23 percent, from PSAC’s original 2017 drilling forecast released in early November 2016. PSAC is basing its updated 2017 forecast on average natural gas prices of $3.00 CDN/mcf [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. 27 Summer Student Relief Operator - Harmattan Gas Processing Facility AltaGas Didsbury Jan. 27 Regulatory Coordinator - Horizon Canadian Natural Resources Calgary Jan. 27 Legal Assistant - Part [Read more]

Canada rig count climbs to 345 active rigs

Drilling in western Canada is at highest since close to one year ago, new data from Baker Hughes shows. With an increase in drilling activity, positive news with regard to several Canadian pipeline projects, and a recent rebound in price, things are starting to look rosier in the oil patch. According to Baker Hughes, 345 rigs are drilling in western Canada. The highest total since February 2015. Of the working fleet, 200 are drilling for oil; 145 for gas. Alberta activity has increased [Read more]

Treeline Well Services Inc. Acquisition & 20th Year in Business

Treeline Well Services Inc. is pleased to announce we have added two Freestanding Mobile Doubles to its rig fleet. Treeline now operates a total of 21 rigs packages, 15 of which are doubles and the average age of their double fleet is only 5 years old. Over 50% of the service rigs registered at the CAODC were manufactured before 1985. Treeline is now the largest & most active private service rig company in Canada. Treeline specializes in the deeper areas of Alberta with its base in [Read more]

Keystone XL and Dakota Access: A legal perspective on each moving forward

The orders issued on Keystone and Dakota Access focus on very different processes, but seek the same result of expediting those processes, including by relying on existing environmental review. Significantly, neither mandate a particular result, though the President has said he supports both projects. The order on construction of the Keystone XL Pipeline maintains the long-standing delegation to the State Department to make a “national interest” determination, including by undertaking NEPA [Read more]

geoLOGIC systems is Proud to Announce Drill Stem Test Training Sessions

geoLOGIC systems is proud to collaborate with Drill Stem Test expert and hydrodynamacist Richard Bartlett to offer free-of-charge training sessions focused on understanding Drill Stem Test’s and their application to petroleum hydrodynamics. Other applications will be addressed. This hands-on session will cover the digital application of Drill Stem Tests; their purpose and uses for petroleum exploration and exploitation as demonstrated using the DST Pro module within geoSCOUT. Drill Stem [Read more]