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BOE Report - Canada's source for oil and gas news, activity and information https://boereport.com Canada's source for oil & gas news, activity, and information.

BOEReport.com features: real-time news headlines, well activity map and data, property listings, commodity prices, economic releases, and industry jobs.

03/07/2024

TOP WELL REPORT – May volumes – Newly created Duvernay Energy Corp. has a top well; Veren sweeps top 4 oil wells; Surprises on the natural gas side as a 36 mmcf/d well comes from a company NOT named Ovintiv.

Most production data is out for May. BC and Saskatchewan data has been reported in full, while Alberta has reported oil, condensate, and gas; full Alberta NGL data (including pentane) and marketable gas is due out in a couple weeks. While the May data won't be considered complete until the rest of t...

03/07/2024

02/07/2024

Topaz announces strategic infrastructure acquisition in the Alberta Montney and increases 2024 guidance.

CALGARY, AB, July 2, 2024 /CNW/ - Topaz Energy Corp. (TSX: TPZ) ("Topaz" or the "Company") is pleased to announce the completion of the acquisition of a 50% non-operated working interest in Whitecap Resources Inc.'s ("Whitecap") newly commissioned natural gas and condensate facility, located in the....

02/07/2024

Whitecap Resources Inc. announces partial infrastructure dispositions for $520 million, FID on new Lator facility and strategic partnership with Pembina Gas Infrastructure.

CALGARY, AB, July 2, 2024 /CNW/ - Whitecap Resources Inc. ("Whitecap" or the "Company") (TSX: WCP) is pleased to announce a 50% working interest sale of our Musreau 05-09 facility (the "Musreau Facility") to Topaz Energy Corp ("Topaz") for gross proceeds of $100 million. Whitecap also announces a st...

28/06/2024

Repsol explores sale of minority stake in South Texas oil assets, sources say.

Spanish oil major Repsol plans to sell a minority interest in its Eagle Ford shale assets in South Texas, in a deal that could value the assets at up to $2 billion, three sources familiar with the talks told Reuters. The sources said Repsol has hired Scotiabank to assist with the process, and aims t...

27/06/2024

Duvernay in focus – Updates on Chevron and a look at top Duvernay producers by area – BOE Intel.

The Duvernay formation in Canada represents over 200 MBOE/d of production, including more than 87 Mbbl/d of oil and condensate (including pentane). A play that saw strong growth up until the end of 2019, it has mostly flat-lined in terms of overall production since then, although has been showing si...

26/06/2024

Shell to build carbon capture and storage projects in Canada.

CALGARY, AB, June 26, 2024 /PRNewswire/ -- Shell Canada Products, a subsidiary of Shell plc, today announced the Final Investment Decision (FID) for Polaris, a carbon capture project at the Shell Energy and Chemicals Park, Scotford in Alberta, Canada. Polaris is designed to capture approximately 650...

25/06/2024

Cedar LNG announces positive Final Investment Decision.

World’s First Indigenous Majority-Owned, Hydro-Powered, Floating LNG Facility Becomes a Reality KITAMAAT VILLAGE, British Columbia--(BUSINESS WIRE)--The Haisla Nation and Pembina Pipeline Corporation ("Pembina") (TSX: PPL; NYSE: PBA), partners in Cedar LNG Partners LP ("Cedar LNG"), today announce...

25/06/2024

Ukraine attacks Russia’s oil sector, Canada attacks Canada’s… you sure you want us in NATO? - Column

Ukraine adapts against a vastly bigger opponent and illuminates the trap western governments have created for themselves Recently, Ukraine has been launching massive drone attacks against Russian oil refineries/infrastructure. Seems reasonable, what with the invasion and all. Actually, it is more th...

24/06/2024

Advantage announces closing of asset acquisition.

(TSX: AAV) CALGARY, AB, June 24, 2024 /CNW/ - Advantage Energy Ltd. ("Advantage" or the "Corporation"), is pleased to announce that it has completed its previously announced acquisition of certain Charlie Lake and Montney assets from a private seller for cash consideration of $445 million (the "Acqu...

20/06/2024

Advantage announces exercise in full of debenture over-allotment option in connection with bought deal financing.

CALGARY, AB, June 20, 2024 /CNW/ - Advantage Energy Ltd. ("Advantage" or the "Corporation"), is pleased to announce that the underwriters of its previously announced bought deal financing (the "Offering") pursuant to a prospectus supplement dated June 12, 2024 to Advantage's short form base shelf pr...

20/06/2024

Whitecap Resources – April public data production results show increased contribution from the Montney; gross licensed production in April up 10% from January levels – BOE Intel.

With April NGL data from Alberta now fully released (and all other provinces having previously reported), the complete public data April production picture is now available on BOE Intel and Petro Ninja. We were going through some of the production charts on BOE Intel, and happened to notice some int...

20/06/2024

Fuelled+ Platform Launches July 2nd!

Fuelled has been listening to its clients and adding a better platform for its clients to discover, manage and sell surplus energy equipment. Fuelled+ (previously ARMOUREE) still drives more traffic and leads to your listings, but it now has an easier-to-use self-serve interface that increases user....

19/06/2024

May-June Licence Activity Review – Feeling (20)19 Again?

Canadian licensing activity fell slightly last month. Between May 13 and June 12, 580 licences were obtained. This represents a modest 6.9% decrease compared to the previous month, which saw companies obtain 623 new licences. This past month’s licences were spread across 81 unique licensees, repre...

18/06/2024

TOP WELL REPORT – April volumes – Ovintiv and ARC Resources compete for top gas wells at Sunrise, while complete NGL reporting gives additional insight into condensate results from Strathcona, Kiwetinohk and ConocoPhillips.

The April data is now fully complete for all provinces so we can report on the highest producing oil and gas wells in Canada for the month**. As always, we use calendar day production metrics so these are real volumes produced in the month. Given the timing lags between when the full NGL data gets

18/06/2024

Advantage announces closing of bought deal financing.

(TSX: AAV) CALGARY, AB, June 18, 2024 /CNW/ - Advantage Energy Ltd. ("Advantage" or the "Corporation"), is pleased to announce that it has completed its previously announced bought deal financing (the "Offering") pursuant to a prospectus supplement dated June 12, 2024 to Advantage's short form base....

17/06/2024

⚡NEW Stampede Packages!

THE COUNTDOWN IS ON... 3 WEEKS TIL' THE CALGARY STAMPEDE HOST YOUR STAFF & CLIENTS AT THE LARGEST CORPORATE STAMPEDE PARTY! JULY 9TH @ WESTIN HOTEL BALLROOM TUESDAY BREAKFAST: Legendary WESTIN CALGARY ballroom breakfast (60 years of Stampede Tradition) The LARGEST Corporate Stampede Party - July 9,....

17/06/2024

NuVista receives TSX approval for the renewal of its normal course issuer bid.

CALGARY, Alberta, June 17, 2024 (GLOBE NEWSWIRE) -- NuVista Energy Ltd. (TSX:NVA, "NuVista" or the "Corporation") announces that the Toronto Stock Exchange (the "TSX") has approved the renewal of the Corporation's normal course issuer bid (the "2024 NCIB"). Normal Course Issuer Bid Renewal Pursuant....

15/06/2024

US drillers cut oil and gas rig count to lowest since January 2022 – Baker Hughes.

U.S. energy firms this week cut the number of oil and natural gas rigs operating to the lowest since January 2022, energy services firm Baker Hughes said in its closely followed report on Friday. The oil and gas rig count, an early indicator of future output, fell by four to 590 in the week to

13/06/2024

June 12th Alberta Crown Land Sale totals $17.1 MM – interesting parcels sold include: land offsetting a recent multi-lateral Charlie Lake well; 15,616 hectares of land immediately adjacent to Spur Petroleum Clearwater acreage; and Eastern Alberta Mannville lands.

The Alberta Government brought in $17.1 MM on its June 12th Crown land sale. In total, 36,608 hectares were sold at an average price of $467/ha. There were 5 parcels of land that fetched over $1 MM, coming from 3 distinct areas. To see all of the land results, head over to BOE Intel. Nearby

13/06/2024

Birchcliff and AltaGas enhance long-term partnership.

Agreement Should Reduce Long-term Operating Costs, Increase LPGs to Premium Global Markets, and Drive Shareholder Value for Both Companies All figures contained in the press release are in Canadian dollars unless otherwise stated. CALGARY, Alberta, June 13, 2024 (GLOBE NEWSWIRE) -- Birchcliff Energy...

13/06/2024

Petronas West Gundy Asset Review – BOE Intel.

When you think of major Montney producers, a few names likely come to mind: Tourmaline, Shell, ARC Resources and so on. With today's Asset Review article, we wanted to focus on a multinational energy company operating one of the largest joint ventures in the BC Montney: Petronas. In particular, we w...

12/06/2024

Advantage Energy acquires $450 MM worth of Charlie Lake / Montney assets from private producer – see deal metrics and seller identity here.

Advantage Energy announced on June 10th that it has acquired $450 MM of Charlie Lake / Montney assets from a private producer, including 14,100 BOE/d (53% oil/liquids) of production. While the press release did not mention who the seller was, and no asset transfers can be seen as of yet, the maps fr...

10/06/2024

Advantage announces strategic asset acquisition and concurrent financing.

The prospectus supplement, the corresponding base shelf prospectus and any amendment thereto in connection with this offering will be accessible through SEDAR+ within two business days (TSX: AAV) CALGARY, AB, June 10, 2024 /CNW/ - Advantage Energy Ltd. ("Advantage" or the "Corporation"), is pleased....

10/06/2024

ARC Financial Corp., Canada’s largest energy focused private equity manager, recapitalizes Aspenleaf Energy Limited through a general partner-led continuation fund.

Oversubscribed CAD $800 million transaction provides over CAD $400 million in liquidity to ARC Energy Fund 7 investors CALGARY, AB, June 10, 2024 /CNW/ - ARC Financial Corp. ("ARC"), Canada's largest energy focused private equity manager, announced the recapitalization of Aspenleaf Energy Limited ("...

07/06/2024

Canadian Rig Count Summary – Active rig count jumps to 150.

Canada’s active rig count came in at 150 this morning, a 28 rig increase compared to last Friday. Albertan rig activity jumped to 97, an increase of 19 rigs compared to last week. Saskatchewan’s rig count increased from 18 to 28, while BC’s active rig count dropped from 21 to 20. This represen...

06/06/2024

🔥One Month To The Largest Corporate Stampede Party!🔥

🍺🥞TUESDAY BREAKFAST on July 9, 2024. Legendary WESTIN CALGARY breakfast (Over 60 years of Stampede Breakfast Tradition). LARGEST Corporate Stampede Party 🛑PACKAGES & PRICING 👍BUDGET FRIENDLY HOSTING OPTIONS (Packages Below Include Admission To Event, Breakfast, Hosting Tables, Concert & ...

05/06/2024

Paragon Energy Ltd. a Startup Focused on Light Oil Corridor in Alberta Banff & Detrital Development, 2 hours drive NE of Calgary.

Paragon Energy Ltd. is a private start-up with an experienced team and a prospective, contiguous 6-Section of oil & gas rights in an oil-bearing Banff/Manville corridor in Alberta. Sweet light oil (32 API) is produced in parallel NE-SW trends to the east of company lands in TWP 31-18W4. The 5-year d...

05/06/2024

Lacombe Property Divestiture.

The company (“Rally”) holds 100% working interest in Bashaw Oil Field located in Lacombe, Alberta. Bashaw has two unit-pools, Bashaw NISKU G (AB00960696007) and L (AB00960696012), with daily production of 300bbl light oil (L-pool: API 40 and G-pool: API 38) from NISKU formation and annual net op...

03/06/2024

Enbridge completes acquisition of Questar Gas Company.

CALGARY, AB, June 3, 2024 /CNW/ - Enbridge Inc. (TSX: ENB) (NYSE: ENB) ("Enbridge" or the "Company") announced today the closing of its acquisition of the Questar Gas Company ("Questar Gas") and its related Wexpro companies ("Wexpro" and collectively with Questar Gas, "Questar") from Dominion Energy...

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