BOE Report Staff

Canada’s active rig count reached 199 on October 13, an increase of 14 rigs compared to last Friday. This marks a return to rig activity growth after a brief decline last week, a positive sign as the winter months draw nearer. Alberta’s active rig count increased from 132 last Friday to 145 this morning, while Saskatchewan’s rig count grew by 10.7%. BC’s active rig count decreased by 1, settling at 20 today. With respect to target commodities, the number of oil rigs increased by 12 between [Read more]

ENTER THE 23/24 ANNUAL OSY DRAFT HOCKEY POOL -One entry per person -Free to enter DEADLINE: Friday, October 13, 2023 at 5pm HOW DO I SIGN UP? Sign up is quick, easy, and free! To get started, click here, then enter your name, and pick your players. You don’t need any knowledge of hockey to sign up, it’s just that easy. You will need to sign up for a free account on OfficePools.com to register. You could be the next Grand Prize winner! This year’s Grand prize is 2 tickets, flights, [Read more]

Proper abandonment of Oil & gas assets is a critical responsibility in the energy industry. Improperly abandoned wells, pipelines, & facilities can pose significant environmental and public health risks. ELM Inc. (“ELM”), assists our clients in their responsibilities to safeguard the environment, mitigate negative climate change impacts, and protect communities from potential hazards with proper closure techniques. Recently, a client tasked ELM with the abandonment of 44 complex and [Read more]

Overview Economic signals generally continue to be a mixed set causing no consensus on the prospects for a recession or growth in 2023 or 2024. Interest rate increases by the central banks, hit a temporary pause but inflation trends remain uncertain and additional interest rate increases remain possible. Financial markets, especially in fixed income, financial and utilities equities have been under pressure due to interest rate increases. Gas prices in North America have started a slow climb [Read more]