BOE Report Staff

Canada’s active rig count came in at 235 this morning, an increase of 1 rig compared to January 19. Alberta’s active rig count decreased from 170 to 166, while Saskatchewan’s rig count increased from 37 to 40. BC’s active rig count grew to 26. With respect to target commodities, the number of oil rigs grew from 142 to 155 between January 19 and January 26. Conversely, the number of gas rigs decreased by 4. The number of rigs classified as “Other” or “Unknown” decreased by [Read more]

Public concerns have arisen as of late regarding the proper abandonment of wells in Alberta, with a recent AER report highlighting the estimated liability for well cleanup here and shedding light on the need for a meticulous approach to well abandonment. With approximately 83,000 suspended wells needing to be abandoned in Alberta and another 50,000+ that could be suspended if commodity prices drop, accounting for a staggering 35 percent of all wells in the province, the stakes are high for [Read more]

Adventures in Pore Space: Shared Reservoirs in New Energy is the title of the Energy and Emerging Technology in Geosciences (EETiG) symposium being held in Calgary February 7 and 8, 2024. This biennial event is continuing its tradition of bringing the very latest in emerging technologies to the Canadian geoscience community. This event is hosted by Canadian Energy Geoscience Association (CEGA) along with the title sponsor SLB, who continues to be a strong supporter of our industry.  The [Read more]

Canada’s active rig count came in at 225 this morning, a decrease of 5 rigs compared to January 12. Alberta’s active rig count decreased from 166 to 162, while Saskatchewan’s rig count increased to 37. BC’s active rig count held steady at 23 rigs. With respect to target commodities, the number of oil rigs held steady at 141 between January 12 and January 19. The number of gas rigs increased by 2 rigs. The number of rigs classified as “Other” or “Unknown” decreased by 7. Today’s rig [Read more]