BOE Report

BOE Report Staff

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Modernized royalty system will promote jobs and investment activity, while increasing revenue to Albertans over time; says government

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The following is a press release from the Government of Alberta: The adoption of the Royalty Review Advisory Panel’s recommendations will create a simpler, more transparent and efficient system that encourages job creation and investment, rewards innovation and increases returns to the province over time. “Our new royalty framework recognizes the economic context of Alberta’s energy industry and the need to protect and promote good jobs. Our new system will gradually deliver greater [Read more]

Energy Navigator offers free Val Nav software for unemployed oil and gas professionals looking to boost their skills

Calgary, AB, Canada, January 19, 2016 – Calgary-based oil and gas software maker Energy Navigator announced today that it is offering free Value Navigator software and training for oil and gas industry professionals who are unemployed due to the current downturn. Free access to the industry-leading software provides out-of-work oil and gas professionals the ability to improve their production forecasting, economic analysis and reserves management skills as they search for work. “When you talk [Read more]

Deferred upstream projects tally reaches 68, equal to US$380 billion of capital investment

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EDINBURGH/HOUSTON, 14th January 2016 – Wood Mackenzie has updated its analysis published in July 2015 on the impact of continued low oil prices on upstream oil and gas projects. It concludes that in the last six months of 2015 an additional 22 major projects and seven billion barrels of oil equivalent (boe) of commercial reserves have been deferred, on top of the 46 developments and 20 billion boe of reserves identified previously. Deepwater projects have been hit hardest, accounting for over [Read more]

What happened to the BOE Report the past couple of days

In the past two days, the BOE Report server crashed and the site experienced downtime and as a result, users could not access BOERreport.com. Server Requests Typically, the BOE Report server receives approximately 200,000 requests per day. This is not to be confused with different traffic analytic tools such as unique visitors (users) or pageviews. The BOE Report usually receives 10,000 users/day and 27,000 pageviews. A request comes from users, bots and when other websites which use [Read more]

SAIT students gain valuable hands-on experience thanks to $2.4 million software donation from Energy Navigator

Calgary, AB, Canada, January 13, 2016 – Students at the Southern Alberta Institute of Technology’s McPhail School of Energy (SAIT) will have a leg up in the job market after graduation thanks to a donation of $2.4 million worth of software from Calgary-based Energy Navigator Inc. The donation of licenses and training for Value Navigator (Val Nav®) forecasting, economics and reserves software, and AFE Navigator (AFE Nav®) capital tracking and cost control software will benefit well over 350 [Read more]

Gear Energy initiates process to divest all its British Columbia assets

Gear Energy Ltd., a focused heavy oil producer in Alberta and Saskatchewan is initiating a process to divest all of its assets in British Columbia Highlights include: Production of ~50 boe/d (Nov 15) Approximately 75 km2 proprietary 3D seismic (prepared to sell separately) Approximately 10,500 net total hectares (8,500 undeveloped, 2,000 developed) No tenure issues for 2016 or 2017 Draft GLJ 2015 reserve report Positive Liability Rating Upside opportunities identified Land [Read more]

Over 600,000 users visited the BOE Report in 2015

During the industry's toughest year in a decade, people from across Canada and the United States could not consume enough timely information on the state of the business. The BOE Report became a go-to site for oil and gas news, activity and information in 2016. By year-end, over 600,000 users visited BOEReport.com and viewed over 3.7 million pages. The site's traffic spiked in May during the Alberta provincial election as several articles were shared heavily through social media. The [Read more]

Canadian Discovery’s CATALYST product for upstream oil and gas industry

Canadian Discovery Ltd. (CDL) recently launched CATALYST, its latest product for the upstream oil and gas industry, which has the capability of saving clients time by allowing them to focus on evaluations and decisions rather than on data collection. An update to CDL’s EDGE software, Catalyst has many new features built-in that make it an industry-leading tool for scoping potential acquisitions. CDL has created a platform in which intelligence data are aggregated, saving CATALYST clients [Read more]

Majority of Albertans oppose carbon tax

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A new Mainstreet/Postmedia poll finds strong opposition to a the proposed carbon tax. 66% of Albertans are opposed to the new tax, and overall, 68% oppose the province’s climate plan. Views are mixed however on individual components aside from the carbon tax. “We’ve consistently found opposition to new taxes in Alberta, even with the current economic climate, so it comes as no surprise that most are against the climate plan – and in particular, the carbon tax,” said Quito Maggi, President of [Read more]