Drilling rig activity in Western Canada and the Top 10 active operators as of June 24, 2022 as reported this morning by Rig Locator.
June 24, 2022, 11:38 AM MDT
The U.S. rig count is up 13 from last week to 753 with oil rigs up 10 to 594, gas rigs up three to 157 and miscellaneous rigs unchanged at two.
June 24, 2022, 11:03 AM MDT
Cathedral Energy Services Ltd. acquired the operating assets of Compass Directional Services Ltd. for $9.5 million.
June 23, 2022, 12 AM MDT
June 23, 2022, 6:55 AM MDT
STEP Energy Services Ltd. says that inflation remains a pressing concern for the company, pointing to the continued need for “pricing adjustments.”
June 21, 2022, 12 AM MDT
Looking to differentiate itself in the market, Trican Well Service Ltd. conducted a review of frack technologies about a year ago.
June 20, 2022, 7:37 AM MDT
Unfortunately, labour shortages will be a drag on industry activity through the remainder of 2022, Mark Scholz, president and chief executive officer of the Canadian Association of Energy Contractors (CAOEC), said in a recent updated drilling forecast for 2022.
June 20, 2022, 12 AM MDT
Cathedral Energy Services Ltd. announced the acquisition of 90.98 per cent of LEXA Drilling Technologies Inc., a Calgary-based, downhole technology company for equity consideration in Cathedral.
June 20, 2022, 12 AM MDT
In the recent Canadian Association of Energy Contractors (CAOEC) updated drilling forecast for 2022, Mark Scholz, president and chief executive officer, suggested that surging inflation, along with other factors, is “waking up millions of people” to the importance of stable, affordable and responsibly-produced energy.
June 16, 2022, 6:32 AM MDT
SECURE Energy Services Inc. announced that board member Michael Colodner resigned effective June 15, 2022 for reasons unrelated to SECURE in order to pursue other business endeavours.
June 16, 2022, 12 AM MDT
Operators licensed 564 new wells across the country in May, a monthly high for 2022, and up from 498 wells granted authorization in the year-prior period.
June 14, 2022, 10:02 AM MDT
Current fundamentals underlying the energy sector are the best that Kevin Neveu, president and chief executive officer of Precision Drilling Corporation, has seen in his career.
June 14, 2022, 12 AM MDT
Drilling rig activity in Western Canada and the Top 10 active operators as of June 10, 2022 as reported this morning by Rig Locator.
June 10, 2022, 11:39 AM MDT
The U.S. rig count is up six from last week to 733 with oil rigs up six to 580, gas rigs unchanged at 151 and miscellaneous rigs unchanged at two.
June 10, 2022, 11:07 AM MDT
The Indian Resource Council of Canada (IRC) plays an important role in facilitating relationships between First Nations and industry, says Stephen Buffalo, president and chief executive officer — relationships that are increasingly important for any company hoping to see new major energy projects proceed.
June 7, 2022, 6 AM MDT
Grant Billing has retired from the SECURE Energy Services Inc. board, effective June 6, 2022.
June 7, 2022, 12 AM MDT
Keeping funds flowing on projects is the overall objective of soon-to-be-enacted ‘prompt payment’ provincial legislation, says Brian Reid, partner at Bennett Jones LLP, and it also aims to quickly resolve any disagreements.
June 3, 2022, 6 AM MDT
Drilling rig activity in Western Canada and the Top 10 active operators as of June 3, 2022 as reported this morning by Rig Locator.
June 3, 2022, 11:28 AM MDT
The U.S. rig count is unchanged from last week at 727 with oil rigs unchanged at 574, gas rigs unchanged at 151 and miscellaneous rigs unchanged at two.
June 3, 2022, 11:04 AM MDT
Calfrac Well Services Ltd. has appointed Pat Powell as chief executive officer.
June 3, 2022, 12 AM MDT
The active rate in Western Canada was steady for most of May at around 20 per cent, but it surged exiting the month.
June 2, 2022, 7:51 AM MDT
Mikisew Group, the business entity of the Mikisew Cree First Nation, announced the 100 per cent acquisition of Edmonton-based confined space service leader, SmogBuster.
June 2, 2022, 2:43 PM MDT
June 1, 2022, 12 AM MDT
Ensign Energy Services Inc. announced that pursuant to conversion notices received from all holders of its $37 million principal amount of outstanding convertible debentures, Ensign has issued an aggregate of 21.14 million common shares to the holders, at a conversion price of $1.75.
May 31, 2022, 3:16 PM MDT
There is a current focus on shareholder returns for energy companies, with pay structures incentivizing such goals, says Waqar Syed, managing director, energy technology and services, head of research, ATB Capital Markets.
May 27, 2022, 12 AM MDT
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