BOE Report Staff

Rod lift wells have long been the backbone of upstream oil producers. However, traditional rod lift optimization methods are struggling to keep pace with today's evolving industry landscape. With an ever-growing number of wells and the widespread use of SCADA systems, operations teams face an overflow of data, manual processes, and limited time for effective well optimization. In response to these challenges, companies like Chord Energy are embracing innovative solutions like Ambyint to [Read more]

Canada’s active rig count came in at 116 this morning, one rig fewer than last Friday. Albertan rig activity fell to 78, a decrease of 6 rigs compared to last week. Saskatchewan’s rig count held steady at 12, while BC’s active rig count increased to 21. If trends from prior years hold, we would expect to see a ramp up in activity next month. With respect to target commodities, the number of oil rigs decreased from 65 to 62 between May 24 and May 31. In contrast, the number of gas rigs [Read more]

Canada leads the world with commitments to methane reduction, focusing on federal regulations to reduce the emissions from oil and gas operations. Considering Canada's advanced industry for developing clean energy, the country leads on many metrics related to methane intensity and still has some of the most ambitious goals. Even for the oil and gas industry, which can responsively deploy capital, the challenge many operators face relates to the pace at which the regulations are changing [Read more]

Alberta’s energy sector comprises of the oil, gas, and power industries, fuels hundreds of thousands of jobs and billions of dollars in investment. As a result, despite macroeconomic headwinds, Alberta's economy remains resilient and a major driver of Canada's economic growth. Ongoing provincial and federal regulatory changes are having widespread impacts within and beyond the energy sector. In response, investments by the energy sector have achieved remarkable advancements in renewable energy [Read more]