BOE Report Staff

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]

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 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]

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]

‘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]

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]