RECEIVERSHIP SALE - Grant Thornton Limited (the “Receiver”), in its capacity as the receiver of certain assets of Tuscany Energy Ltd. (“Tuscany”), is offering for sale Tuscany’s oil and gas interests, primarily located in the Macklin North and Evesham areas of Saskatchewan. Highlights of the divestiture include: August production of 273 bopd (net) heavy oil production with minimal gas production. Potential to increase production to 425 Bopd (net) with a number of workovers and mechanical [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. Project Manager POSITION SUMMARY The project manager provides the leadership, resource management, stewardship and commercial and execution management associated for major or multiple small-to-medium sized projects. [Read more]
ConocoPhillips Canada to layoff up to 300 staff this week due to low commodity prices, lack of market access, increased regs and taxes
ConocoPhillips Canada says it plans to lay off 250 to 300 employees this week, with the majority of cuts coming from its Calgary head office. Company spokesman Rob Evans said the cuts are part of a global staff realignment to match future activity levels, with Canada looking less attractive than some of its other operations. “Low commodity prices, combined with our inability to get product to new markets, has resulted in lower prices in Canada relative to other parts of the world,” Evans [Read more]
OSY Rentals creatively helps oil and gas companies squeeze the most out of their budgets
OSY Rentals Vapour Tight Tank Packages are equipped with all the components necessary to operate a fully functional single well battery, downstream of the wellhead. The packages include, tank, separator, flare stack, flow line and flare line. The whole package comes on one truckload and can be set up in less than 5 hours OSY Rentals, like everyone else in the oil and gas business, have considerably lowered their rates. Now they have gone one step further in offering 100% of the rent to go [Read more]
Evaluation of Oil & Gas Properties: Effective Decision Making for Financial Professionals
Whether you are in corporate development, part of an M&A team, or an investor, effective decision making requires a sound foundation in economic evaluations. This comprehensive five day course presents the relevant foundational components and techniques of evaluating Canadian oil and gas properties which are also applicable to evaluations of oil and gas properties elsewhere in the world. Designed for investment bankers, lenders, and corporate finance professionals. September 19-23, [Read more]
Roska Announces Strategic Acquisition of Canadian Production Testing and Flowback Assets and Enters the Production Testing and Flowback Business
GRANDE PRAIRIE, ALBERTA – September 06, 2016 –Roska DBO Inc. is pleased to announce that it has completed an acquisition of Canadian production testing and flowback assets from a global services company and has now entered the production testing and flowback business. All assets acquired will operate under the Roska brand as Roska PTS, a division of Roska DBO Inc. This transaction is consistent with Roska’s long-term focus and commitment to the Peace Country. With a newly acquired 5 acre, [Read more]
RedWater Energy Corp. Receivership Sale
Grant Thornton Limited, the Receiver of RedWater Energy Corp. has retained CB Securities Inc. as its advisor for the sale of certain RedWater oil and gas properties, on an as is where is basis. Prospective buyers are asked to submit a Non-Binding Bid for any of the properties by September 22, 2016. While the properties are available separately, the aggregate of the properties is summarized as follows: Opportunity to improve a Liability Management Rating (“LMR”) RedWater Aggregate [Read more]
Companies turn to software to help weather low-price environment
Calgary, AB, Canada, August 30, 2016 – As the lower for longer sentiment has grown, so has the number of demo requests and software inquiries received daily by Calgary-headquartered oil and gas software maker, Energy Navigator. The drivers behind the inquiries are varied, but there is a common concern: oil and gas companies are operating with fewer people in an effort to contain operating costs. Key individuals and significant knowledge resources are gone, but the work still needs to be [Read more]
BOE Report Podcast Episode 12
On this episode of the BOE Report podcast, the team talk about the recent protests in Montreal against Energy East, and Terry's recent post about overreactions to weekly rig count data. Get episode on Google Play | iTunes | RSS On the Show Terry Etam James Rose Josh Groberman Topics NEB cancels first day of Energy East hearings due to protests Worrying about where the next super-giant oil fields are is far more important than weekly rig count data [Read more]
BOE Report Podcast Episode 11
On this episode of the BOE Report podcast, Terry and Josh talk about BC's gas production, its LNG prospects and what Alberta can or should do to spur development. The pair also talk OPEC and recent oil price movements. Get episode on Google Play | iTunes | RSS On the Show Terry Etam Josh Groberman Topics Should Alberta play hardball with BC gas production? OPEC's strategy [Read more]
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