BOE Report

BOE Report Staff

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Week in Review – Stock gainers/fallers and most read articles

Welcome to the BOE Report’s Week in Review! Did you miss something this week? We’ve got you covered. Check out any BOE Intel articles that you missed, and catch up on our most read articles from the week. We have also included the top gainers and fallers in the energy markets this week among our BOE Intel coverage list. TOP 5 GAINERS/FALLERS THIS WEEK Top 5 Gainers Company Ticker 7 Day Return Tamarack Valley TVE.TO 8.47% Obsidian [Read more]

Canadian Rig Count Summary – Active rig count drops to 116

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]

Asset Sale – Milo, AB – LMR = 2.5, Cash Flow with HZ Upside

Bighorn Energy Corporation has retained Energy Advisors Group to facilitate the sale of its operated 100% WI non-core central Alberta asset near TWP 19 RGE 23 W4M. The package is comprised of 3.5 net sections of crown and freehold mineral leases and 5 producing oil wells. The package has an average annual net cash flow from operations over the past four years of $375,000 and a PDP reserve valuation of $1 million. Facilities include the Bighorn oil battery with gas conservation which is [Read more]

CCAA Sale Process: KSV Restructuring Inc. – AlphaBow Energy Ltd.

On April 26, 2024, the Court of King’s Bench of Alberta granted an order pursuant to the Companies’ Creditors Arrangement Act, (“CCAA”) appointing KSV Restructuring Inc. (“KSV”) as the monitor (the “Monitor”) of AlphaBow Energy Ltd. (“AlphaBow” or the “Company”). As part of the CCAA, the Company has engaged Sayer Energy Advisors to assist it with a Sales and Investment Solicitation Process (the “SISP”). The SISP is intended to solicit interest in, and opportunities for a sale of, or [Read more]

Navigating Methane Reduction Regulations from Oil and Gas Operations

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]

Future Uncertainty: Staying Ahead in Alberta’s Energy Sector – Navigating Challenges and Embracing Innovation

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]

New oil and gas jobs from BOE Report 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 to create an account to post jobs; it’s simple and easy to use. Posting Date Job Title Company Location May. 28 Contract Operator Teine Energy Ltd. Edson May. 27 Electrical QA/QC Strike Group Cold Lake May. 27 Field Operator Roska DBO Weyburn May. [Read more]

Superb Operating Company Ltd. – Property Divestiture

Superb Operating Company Ltd. (“Superb” or the “Company”) has engaged Sayer Energy Advisors to assist the Company with the sale of certain of its non-core oil interests located in the Superb area of Saskatchewan (the “Property”). Superb’s parent company is an alternative energy producer and is divesting the Property to focus on its hydrogen production assets. The Company believes the Property would support 15 additional multi-lateral horizontal development wells with 70 million barrels of [Read more]

Royalty Divestiture in Eastern Alberta

ARC Resources Ltd. is marketing a Gross Over Riding Royalty (GORR) interest in the Greater Lloydminster area of Alberta, which covers approximately 65,000 acres of land in the Mannville Group. In 2023, net royalty production was 223 boe per day. To learn more about the Mannville play, read Tapping into opportunity: Unlocking the potential of Mannville Oil in the Lloydminster and Cold Lake areas – Part 1. All interested parties should contact: Mike Macdonald Senior Negotiator ARC [Read more]

Peters First Nation and Landmark Resource Management Ltd., form a new Limited Partnership

PFN 3 Feathers Development, the economic arm of Peters First Nation, is proud to announce a new Indigenous owned and led limited partnership with Landmark Resource Management Ltd., a research and professional services firm based in Victoria, B.C. The incorporation of Peters Resource Management LP marks a significant milestone toward Landmark's commitment to economic reconciliation with the communities it serves. The Limited Partnership brings together two industry leaders with the same vision [Read more]