BOE Report Staff

Canada’s active rig count dropped to 162 on August 4, a decline of 12 rigs compared to last Friday. This is the fourth consecutive week that we’ve observed a week-on-week rig activity decline, although current optimism around oil prices may serve to motivate future activity. Alberta’s active rig count declined from 120 on July 28 to 109 this morning, a 9.2% decline, while Saskatchewan’s rig count decreased by 3. BC’s rig count held fast at 21 rigs, the same tally as last Friday. With [Read more]

Canada’s active rig count dropped to 173 on July 21, a decline of 1 rig compared to last Friday. This is the third consecutive week that we’ve observed a week-on-week rig activity decline, although trends from prior years suggest this will likely not continue through August. Alberta’s active rig count declined from 123 on July 21 to 119 this morning, a 3.3% decline, while Saskatchewan's rig count increased by 1. BC’s rig count increased from 19 rigs last Friday to 21 today. With respect [Read more]

Canada's active rig count dropped to 172 on July 21, a decline of 5 rigs compared to last Friday. This is the second consecutive week that we've observed a week-on-week rig activity decline, although trends from prior years suggest this will likely not continue through August. Alberta's active rig count declined from 123 on July 14 to 121 this morning, a modest 1.6% decline, while rig activity in Saskatchewan declined by 12.5% over the same period. BC's rig count declined by 1. With [Read more]

Olympus Energy LLC, (“Olympus Energy”) is pleased to announce the execution of an agreement with Tenaska Marketing Ventures (TMV) for the sale of the company’s certified responsibly sourced gas (RSG) produced in the Appalachian Basin. This significant, long-term transaction involves the transfer of Digital Natural Gas® certificates through the Xpansiv Registry, which successfully underwent rigorous site-level environmental assessments by the Project Canary TrustWell™ program. “We are excited [Read more]

A B.C. operator is seeking a partner to develop a Triassic light oil pool on its property base in the B. C. townships. The pool size is estimated at 14 sections with 60 million barrels original oil in place. The operator controls 4 sections in the center of the oil pool with the opportunity to acquire more of the pool lands. The operator owns a production facility and several gathering lines within the pool boundary. The first location has been surveyed. The drill target is an oil saturated [Read more]