BOE Report Staff

PrePad, a cloud-based SaaS startup, has proudly announced a strategic investment from Devon Energy in a significant move poised to reshape the landscape of drilling and completions time and cost estimating. The investment was highlighted in a joint press release on October 7, 2023. This collaboration aims to leverage PrePad’s advanced simulation capabilities to enhance Devon’s well cost and duration models, ultimately improving capital efficiency and decision-making in drilling and [Read more]

In recent years, wildfires have increased in frequency, size, and persistence. This has impacted the energy industry, affecting the safety, operations, and overall production of remote facilities. This year, the Canadian Weather Agency (ECCC) has expressed concern about the risk of wildfires this winter due to the anticipated warm and dry conditions in Western Canada. H2Safety's software module, +Wildfire, is a game-changer in wildfire preparedness. It is a cost-saving solution that transforms [Read more]

In the world of containment solutions, the landscape has historically been marked by standard offerings and limited innovation. One company, Western Engineered Containment (WEC), the recognized industry leader in full-service containment, has been defining industry standards for years with its visionary approach. WEC’s focus on creating innovative containment solutions has led to the creation of a number of unique offerings that have truly set them apart in the market - none more than their [Read more]

Canada’s active rig count came in at 198 this morning, an increase of 12 rigs compared to November 24. Alberta’s active rig count increased from 135 last Friday to 138 today, while Saskatchewan’s rig increased to 32. BC’s active rig count increased by 1, settling at 25 rigs today. With respect to target commodities, the number of oil rigs increased by 9 between November 24 and December 1. The number of gas rigs increased by 5 over the same period, settling at 75 rigs. The number of rigs [Read more]

Abandoning oil and gas sites in sensitive areas presents a complex challenge, as it requires reconciling the demand for energy resources with the imperative to protect fragile ecosystems. Sensitive areas often include pristine landscapes, habitats for endangered species, and sources of clean water. Improper abandonment can lead to habitat destruction, soil and water contamination, and disruption of the delicate ecological balance. Implementing rigorous environmental assessments and reclamation [Read more]