Headlines

Dalmac Energy Inc., Dalmac Oilfield Services Inc. and Professional Consulting Services Ltd. (collectively “Dalmac Group” or the “Companies”) carried on business in well stimulation and fluid management services which included fluid transfers, hot oiling, vac units, frack heating, well acidizing, tank rentals and equipment primarily serving the oil and gas industry in Western Canada. The Bowra Group Inc., in its capacity as Receiver (the “Receiver”) of the Companies, is offering for sale the [Read more]

EDMONTON - The Alberta government has struck deals with two northern Alberta First Nations over a proposed open-pit oilsands mine that's awaiting Ottawa's approval. The Mikisew Cree and Athabasca Chipewyan First Nations had previously reached deals with Teck Resources Ltd. for the Frontier mine, but were still negotiating with the province over environmental and cultural concerns. Earlier this month, Alberta's Indigenous relations minister expressed concern that a public spat over the [Read more]

Canada’s fleet of active drilling rigs shrank from 255 to 244 since last week according to data from Baker Hughes. Total drilling count was 244 at February 21. 169 rigs were drilling for oil; 75 for natural gas. The drilling activity in Alberta decreased from 160 to 152 since last week.  Saskatchewan’s drilling fell from 72 to 70 rigs. View a full breakdown of Western Canada’s rig activity. [Read more]

The U.S. oil rig count rose for a third week in a row even though growth in the country's largest shale formation slows as producers cut spending on new drilling for a second consecutive year. Companies added one oil rig in the week to Feb. 21, bringing the total count to 679, their highest since the week of Dec. 20, energy services firm Baker Hughes Co said in its closely followed report on Friday. In the same week a year ago, there were 853 active rigs. U.S. crude futures traded [Read more]

ST-LAMBERT, Que. - About two dozen protesters remain at a blockade south of Montreal in defiance of an injunction delivered Thursday ordering them to leave the site and stop disrupting rail traffic. Police patrols passed by the blockade in St-Lambert, Que., regularly overnight but there was no sign of a mobilization to eject the protesters from the site on Canadian National Railway tracks. The blockade in solidarity with Wet'suwet'en hereditary chiefs in British Columbia has interrupted [Read more]

Oil prices fell on Friday amid concerns over fuel demand as the coronavirus epidemic spread further beyond China, while major crude producers stood pat on any early action to cut output to support the market. U.S. crude was off by 97 cents, or 1.8%, at $52.75 a barrel. Brent crude was down $1.08, or 1.8%, at $57.98 a barrel. On Friday South Korean authorities confirmed 52 new coronavirus infections, Yonhap reported. The streets of Daegu, the country's fourth-largest city, were [Read more]

In one of the longest horizontal wells ever drilled in the US with total measured depth over 28,000 feet and 144 stages, an operator in the Utica Basin needed to streamline its millout procedure to increase cycle time and begin production faster.  Typically, one drill bit is only able to mill out up to 60-70 plugs per trip requiring operators to pull the tubing to snub point, snubbing out, replacing the bit, snubbing back in, and resuming drilling, which is a time consuming and costly process. [Read more]