Canada’s active rig count reached 187 on October 27, an increase of 1 rig compared to last Friday. Alberta’s active rig count decreased from 134 last Friday to 133 this morning, while Saskatchewan’s rig count decreased by 3.3%. BC’s active rig count rose slightly, reaching 20 rigs today. With respect to target commodities, the number of oil rigs decreased by 4 between October 20 and October 27, settling at 111 active oil rigs. The number of gas rigs increased by 5, settling at 68. The number [Read more]
Notice of Sales and Investment Solicitation Process re: Griffon Partners Operation Corp. (“GPOC”)
On August 25, 2023, Griffon Partners Operation Corp. (“GPOC”) and its related entities filed Notices of Intention to Make a Proposal (the “NOI Proceedings”) under the Bankruptcy and Insolvency Act (Canada), as amended (the “BIA”). Alvarez & Marsal Canada Inc. was appointed as proposal trustee (the "Proposal Trustee"). On October 18, 2023, the Alberta Court of King’s Bench (the “Court”) approved a sales and investment solicitation process (the “SISP”). Pursuant to Court approval, Alvarez [Read more]
Vermilion Energy Inc.: Alexander, Alberta Property Divestiture
Vermilion Energy Inc. (“Vermilion” or the “Company”) has engaged Sayer Energy Advisors to assist it with the sale of its working interests located in the Alexander area of Alberta (the “Property”). At Alexander, Vermilion holds primarily operated working interests in approximately 17.25 sections of land. Production from the Alexander property is primarily from the Wabamun, Detrital and Alexander formations. Additional targets include the Mannville Group. Average daily sales production [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 Oct. 23 Fourth Class Power Engineer / Sour Gas Plant Operator Roska DBO Grande Prairie Oct. 23 Field Operator Roska DBO Grande Prairie Oct. 23 Field [Read more]
Oil Prospect – Partner Needed
Estimated 5 MMboe recoverable (60% liquids, 27o API), located entirely on open Crown land in Alberta. Well-delineated, thick sand with high porosity at <1700m TVD near existing infrastructure. Multi-lateral potential. Looking for partner to pursue opportunity. Contact Mychaluk Oil Corp: (403) 809-3211 kmychaluk@gmail.com [Read more]
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 Lucero Energy LOU.V 7.58% Paramount [Read more]
Canadian Rig Count Summary – Active rig count settles at 186
Canada’s active rig count fell to 186 on October 20, an decrease of 9 rigs compared to last Friday. Alberta’s active rig count decreased from 140 last Friday to 137 this morning, while Saskatchewan’s rig count decreased by 18.8%. BC’s active rig count was unchanged this week, remaining at 20 today. With respect to target commodities, the number of oil rigs decreased by 13 between October 13 and October 20, settling at 111 active oil rigs. The number of gas rigs increased by 4, settling at 66. [Read more]
Central Optimization: A Sneak Peek at Alberta’s Breakout Well Optimization Rising Star
In the world of oil and gas, innovation and adaptability are the keys to success. Central Optimization, a rising star in the sector, has emerged as a disruptive force, introducing cutting-edge technologies and expertise to address the evolving needs of the industry. Founded by former Premier Integrated Technologies leaders, this company is making waves with its innovative state-of-the-art flagship product, strategic acquisitions, and unwavering commitment to regulatory compliance and client [Read more]
The Importance of Site Assessments for Liability management on Industrial Projects – ELM
When embarking on any industrial project, conducting a site assessment for liability is a critical step to success. Site assessments provide a solid foundation for responsible project planning and enhance the overall sustainable success of your projects. Embracing this importance, site assessments foster a safe, compliant, and socially responsible industrial sector. At ELM, we often conduct Site Specific Liability Assessments (SSLA), on behalf of our clients. This regulatory requirement under [Read more]
ABM vs. MA in Energy Services: Do You Have the Right Strategy to Drive Sales from Targeted High-Value Accounts?
In the contemporary digital marketing landscape, businesses have access to a wide range of strategies and tools to effectively engage with their target audience. Two prominent strategies often used are Account-Based Marketing (ABM) and Marketing Automation (MA). While both can be effective, there are fundamental distinctions between them. ACCOUNT-BASED MARKETING (ABM): ABM is a strategic approach that prioritizes the targeting of high-value accounts or companies for sales and revenue [Read more]
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