BOE Report Staff

In the ever-evolving energy industry, technological advancements are continuously reshaping the way drilling and completions operations are managed. The use of reliable Energy Lifecycle Software has become increasingly prevalent, promising efficiency improvements, cost savings, and enhanced decision-making capabilities. Robustly developed software, deeply rooted in a comprehensive understanding of this industry's critical requirements garnered through years of experience, will steer the company [Read more]

We have heard from hundreds of Oil and and Gas companies with similar problems over the last 7 years.  We have listed some of the challenges that we have heard about, and have created an App to specifically address these challenges and best of all… the App and Service is TOTALLY FREE! (no catches or fine print). We have called our App “O&G E-Stamp and Signature“ Scenarios for Suppliers  Scenario 1 You are out in the Field or in the Office, and you need a paper ticket or invoice [Read more]

NOTICE is hereby given that on November 13, 2023, Athabasca Minerals Inc., together with its affiliates AMI Silica Inc., AMI Aggregates Inc., AMI RockChain Inc., TerraShift Engineering Ltd., 2132561 Alberta Ltd., and 2140534 Alberta Ltd. (collectively the “Companies”) filed Notices of Intention to Make a Proposal pursuant to the Bankruptcy and Insolvency Act (Canada), as amended. KSV Restructuring Inc. (“KSV”) was appointed as proposal trustee. On December 12, 2023, the Alberta Court of King’s [Read more]

Canada’s active rig count came in at 172 this morning, a decrease of 11 rigs compared to December 8. Alberta’s active rig count declined from 127 to 122, while Saskatchewan’s rig count decreased to 22. BC’s active rig count settled at 26 after briefly reaching 27 earlier in the week. With respect to target commodities, the number of oil rigs decreased by 10 between December 8 and December 15. The number of gas rigs increased by 2, settling at 68 rigs. The number of rigs classified as [Read more]

Water is one of Alberta’s most precious resources. We all use it, consume it, and rely on it. Most of the water that Albertans use to drink, grow crops, run our businesses and sustain our environment comes from rain and melting snow. The last three years have brought droughts and water shortages in various parts of our province, including most of Southern Alberta this summer. The world is also experiencing El Niño, a global phenomenon occurring for the first time in seven years. It’s [Read more]

The following press release comes from the Alberta Energy Regulator under Bulletin 2023-43. Please see here for a link to the official announcement. Release Date: December 12, 2023 Alberta is experiencing extremely low water levels in many parts of the province due to below-average snowpack and precipitation over the past several months, resulting in less runoff to rivers, lakes, and reservoirs. This is contributing to widespread dry conditions and water shortages, especially in southern [Read more]

On December 7, 2023, Invico Income Limited Partnership (“Invico”), the secured creditor of Free Rein, sought and obtained an initial order (the “Initial Order”) and an amended and restated initial order (the “ARIO”) from the Court of King’s Bench of Alberta (the “Court”) under the Companies’ Creditors Arrangement Act, R.S.C. 1985, c. C-36, as amended (the “CCAA”). The ARIO provides, among other things, an initial stay of proceedings until January 31, 2024 (the “Stay Period”) which may be [Read more]