BOE Report Staff

Canada’s active rig count came in at 157 this morning, a 7 rig increase compared to last Friday. Albertan rig activity held steady at 99. Saskatchewan’s rig count increased from 26 to 32, while BC’s active rig count remained at 21. This builds off of a large jump last week, suggesting the spring breakup may be in the rearview mirror. With respect to target commodities, the number of oil rigs increased from 93 to 106 between June 7 and June 14. In contrast, the number of gas rigs decreased [Read more]

While E&Ps remain optimistic about the long-term prospects of North American commodity markets, there appears to be a gap in the energy services sector, where revenue outlooks have subsided. How can this gap be bridged with longer sales cycles, especially with high-value accounts from mid- to large-cap E&Ps, in an increasingly competitive market? Several leading energy services companies have looked to the astounding growth in the use of artificial intelligence-based sales tools, and [Read more]

In the Government of Canada's recent report ‘Climate Science 2050: National Priorities for Climate Change Science and Knowledge’, there is a key message that ‘collecting and reporting activity data more frequently can improve understanding of emissions’. The report continues: “These priorities for research and knowledge synthesis and mobilization would improve understanding of Canada’s GHG emissions and trends, as well as enable Canada to contribute to international GHG monitoring efforts, [Read more]

Canada’s active rig count came in at 150 this morning, a 28 rig increase compared to last Friday. Albertan rig activity jumped to 97, an increase of 19 rigs compared to last week. Saskatchewan’s rig count increased from 18 to 28, while BC’s active rig count dropped from 21 to 20. This represents the first major spike in rig activity in months, suggesting the spring breakup may be at its end. With respect to target commodities, the number of oil rigs increased from 71 to 96 between May 31 [Read more]