BOE Report

BOE Report Staff

  • X

Success Energy Ltd. Light Oil Property Offering

Success Energy Ltd. has retained CB Securities Inc. as its exclusive advisor for the sale of its Inga light oil property and its Meekwap light oil property. This is an invitation to submit a Non-Binding Bid by December 14, 2016. Inga Oil Property Summary 90% operated working interest in a very long life well producing 9 Bbls/day of 38° API oil Annual net operating income is ~$49k/year based on $60/Bbl light oil price Annual income can be increased by $45k/year with the buyout of [Read more]

Fee Simple Title Acquisition Opportunity – The Estate of William Harold Dickey

As part of our commitment to give back to the community we work in, Sayer Energy Advisors is donating our services to the Canadian Cancer Society (B.C. and Yukon), the Society for the Prevention of Cruelty to Animals (B.C.) and the Society for the Prevention of Cruelty to Animals (Alberta) (collectively the “Societies”) to assist with the divestiture of a Fee Simple title interest. Sayer has been engaged to assist the executor of the estate of William Harold Dickey in the marketing of a Fee [Read more]

Peyto Exploration CEO concerned about Canada’s competitive edge in wake of Trump presidency

0 Comments

Peyto Exploration & Development CEO, Darren Gee guested on CBC and offered another insightful perspective on what Donald Trump's presidency means to the Canadian oil and gas industry. Gee said the industry is cautiously optimistic about president-elect Donald Trump because, even though, he is focused on increasing North American energy production (including a speedy Keystone XL approval), Trump's plans to open US drilling and deregulate sectors of the energy industry could lead to a competitive [Read more]

Receivership Sale: LGX Oil + Gas Inc.

Sayer Energy Advisors has been engaged to assist Ernst & Young Inc., in its capacity as receiver of LGX Oil + Gas Inc. (“LGX” or the “Company”) in divesting certain of the oil and natural gas properties held by LGX. LGX’s properties that are currently for sale consist of operated, high working interests in properties which produce oil and natural gas from the Big Valley/Banff formations (“Alberta Bakken”) and the Bow Island Formation in the Blood area of southern Alberta (Blood Reserve [Read more]

Birchcliff CEO says Canada should focus on competitiveness, not carbon taxes

0 Comments

In an interview on BNN, Birchcliff Energy CEO Jeffery Tonken, offered some strong words that Canada, and specifically Alberta, are making its oil and gas industry much more noncompetitive with recent actions. After being asked by BNN's host about the recent election of Donald Trump and its impact on the oil industry, Tonken expressed worries that the US will become a friendlier energy-producing environment than Canada. He said Canadian governments should focus on making the industry more [Read more]

Request for: Exploration and Development Proposals – Gambler First Nation

GAMBLER I.R. #61 The Gambler First Nation has requested that Indian Oil and Gas Canada advise the oil and gas industry that they are interested in receiving proposals for the exploration and development of the following oil and gas rights within the Gambler I.R. #61. The available lands are located in Townships 18 & 19, Ranges 28 & 29 W1M. The lands comprise approximately 416.60 hectares more or less and all the following P&NG rights are available: P&NG in all [Read more]

New Technical and Economic Feasibility Study from Sproule: Down-spacing in the Viking

Optimize drilling programs and efficiently increase production through insight into the long term performance of multi-fractured horizontal wells in the Viking. This study assesses the impact of down-spacing on new and offset wells.  It examines ultimate recoveries (EURs) and identifies which scenarios are most economic in the current low price environment. Expert analysis provides insight into: How new wells will perform in the Viking What the impact of new wells will be on existing [Read more]

CNRL Sturgeon Field Cuts Oil Well Visits by Over 85% Using IoT Remote Monitoring Technology

CALGARY, CANADA - In the first results released from an on-site trial of remote oil well monitoring and optimization technology from Calgary technology firm, ambyint, CNRL Sturgeon Field, a production area within leading Canadian oil producer CNRL (Canadian Natural Resources Limited) was able to reduce inspection visits to its wells by over 85%. Before installing ambyint’s technology, CNRL Sturgeon crews carried out daily well site visits. Across 12 well sites, 372 monthly visits were [Read more]

Treeline Well Services Inc.: Painting the patch pink

For the month of October, Treeline Well Services Inc. committed to donating to the Canadian Breast Cancer Foundation $1 for every hour their rigs worked. All told, the campaign was a great success. 12 to 14 of the company's 18 service rigs operated throughout the province, working on both oilsands and conventional oil sites. "We initially hoped to rack up 3,500 rig hours to assist the Canadian Breast Cancer Foundation in Calgary," said Accounts Manager Matt Dagart. "But we ended [Read more]

Connate Water Solutions Inc: Providing Low Cost Water Solutions for Unconventional Producers

Mark Twain said it the best: “Whiskey is for drinking, Water is for fighting." About 12 million cubic metres of water was used to hydraulically stimulate 3,396 wells in Alberta in 2014 and much was sourced from surface water and non-saline aquifers. However, to put this in perspective by sector, hydraulic fracturing water usage in Alberta was only 0.3% of the annual water allocation (AEP, 2014). Connate Water Solutions Inc. is focused on eliminating surface water usage and reducing [Read more]