BOE Report

6 days ago | boereport.com | Dan Rutherford

Diamondback’s Letter to Stockholders is always a fascinating read. The success of the company has been amazing to watch over the years, from a 3,000 BOE/d producer with a $500 MM valuation in 2012 to a company that just produced 850,700 BOE/d in Q1 with an enterprise value of $USD 52 Billion. As the largest pure play Permian producer, what the company says about trends in the area carries significant weight in the industry.

1 week ago | boereport.com | Terry Etam

What Mark Carney should have said to Donald TrumpAs a preamble to offering advice, we need to keep in mind that Carney was in the lion’s den, surrounded by lions just waiting for him to contradict Trump in any way, the threat of Zelensky 2.0 hanging tangibly in the air. Trump laid a dozen land mines that largely paralyzed Carney, who to his credit didn’t step on one.

1 week ago | boereport.com | Dan Rutherford

Over the past 15 years, the Montney has solidified its position as Western Canada’s premier oil and gas play. The widespread adoption of horizontal drilling and multi-stage hydraulic fracturing around 2010 transformed it from a modest resource into a powerhouse, now producing over 2,000,000 boe/d. This output includes more than 10 BCF/d of natural gas volumes, complemented by substantial condensate, NGLs, and oil volumes, making the Montney the backbone of Canada’s ambitious LNG plans.

1 week ago | boereport.com | Terry Etam

Some time ago, fresh out of business school and full of the enthusiasm and joyous cluelessness of youth, I hung a picture of Alan Greenspan on my wall. Admittedly, it was a 2-inch square IKEA frame with a photocopied portrait, but I did mention I was just of school did I not. Also, I was aware that it was kind of insane. But hear me out.

2 weeks ago | boereport.com | Dan Rutherford

The Alberta Government brought in $11.3 MM on its April 30th Crown land sale. In total, 17,472 hectares were sold at an average price of $647.12/ha. Click here to see the full land sale results on BOE Intel. Of particular note in this land sale were mineral rights north east of Edmonton near Bonnyville. This area shown below in Figure 1 accounted for $4,976,542 of bonus spend, or ~44% of the total bonus from the April 30th land sale.