In conjunction with the Duvernay Energy Corporation transaction, Athabasca Oil Corporation appointed Bruce Beynon as vice-president Light Oil, with primary responsibility for the development of the assets within Duvernay Energy.
December 19, 2023, 3:24 PM MST
December 18, 2023, 12 AM MST
December 13, 2023, 10:10 AM MST
Occidental Petroleum Corporation’s US$12 billion deal to acquire CrownRock LP this morning added to the rush of M&A activity in the Permian Basin in 2023 as operators looked to build future drilling inventory in the massive Texas and New Mexico resource play.
December 11, 2023, 12 AM MST
Freehold Royalties Ltd. has entered into definitive agreements with two private sellers to acquire high quality Permian mineral title and royalty assets located in the Midland basin in Texas and the Delaware basin in New Mexico and Texas for approximately $112 million, net of estimates for exchange rates and customary closing adjustments.
December 11, 2023, 6:31 AM MST
Pine Cliff Energy Ltd. announced that its offer to acquire all of the issued and outstanding common shares of Certus Oil and Gas Inc. has been accepted by holders of common shares representing at least 69.7 per cent of the total number of common shares issued and outstanding.
December 11, 2023, 12 AM MST
December 6, 2023, 10:58 AM MST
Source Rock Royalties Ltd. has closed the acquisition of a gross overriding royalty (GORR) in 60,800 net acres (95 sections) of largely contiguous land in the Figure Lake area of central Alberta for a purchase price of $8.0 million.
December 5, 2023, 12 AM MST
November 30, 2023, 12 AM MST
The amount of Canadian oil and natural gas assets and companies publicly available for sale is up roughly 375 per cent from this time last year.
November 29, 2023, 6 AM MST
Spartan Delta Corp. completed a series of asset acquisitions in the West Shale Basin Duvernay for aggregate cash consideration of approximately $25 million.
November 29, 2023, 5:18 AM MST
Canadian Spirit Resources Inc. has initiated a process to review strategic alternatives with a view to maximizing the value of the company’s Montney resource base at Farrell Creek and Altares.
November 29, 2023, 9:55 AM MST
When Peyto Exploration & Development Corp. announced its acquisition of Repsol Canada Energy Partnership’s Deep Basin assets for C$638 million in early September it caught many industry-watchers by surprise, given the company had notoriously been known as a smaller-deal acquirer of tuck-in assets.
November 28, 2023, 12 AM MST
Baytex Energy Corp. has entered into a definitive agreement to sell certain of its Viking assets located at Forgan and Plato in southwest Saskatchewan, effective Oct. 1, 2023, for $153.8 million.
November 27, 2023, 8:20 AM MST
Since starting operations, Logan Energy Corp. has added 62.25 net sections of land around its core area of Simonette, consisting of 32.75 net sections of Montney acreage and 29.5 net sections of land in non-Montney plays on and surrounding its existing asset base.
November 23, 2023, 6:59 AM MST
Lycos Energy Inc. acquired an additional 8.5 net sections of land near its Frog Lake acreage for a total consideration of $3.5 million, before closing adjustments.
November 23, 2023, 8:06 AM MST
Perpetual Energy Inc. it has closed its previously announced asset disposition of certain assets at Mannville in Eastern Alberta to Canadian private operator Pointbreak Resources for gross proceeds of $35.8 million in cash, prior to customary purchase price adjustments with a Sept. 1, 2023 effective date.
November 23, 2023, 12 AM MST
The current uptick in merger and acquisition activity in the energy space can be linked to an interest in building inventories for the coming decades.
November 22, 2023, 12 AM MST
Suncor Energy Inc. has closed the transaction to purchase TotalEnergies EP Canada Ltd., which includes the remaining 31.23 per cent working interest in the Fort Hills Project.
November 21, 2023, 12 AM MST
November 20, 2023, 5:36 AM MST
Reflecting on the flurry of M&A announcements among customers in the middle of 2023, CES Energy Solutions Corp.’s CEO and president Ken Zinger said it was tough to protect against.
November 15, 2023, 2:06 PM MST
November 15, 2023, 4:39 AM MST
Pine Cliff Energy Ltd.’s third quarter drilling activity was limited to participating in one Ellerslie natural gas well (0.15 net) in its Edson area that came onstream at the end of October 2023.
November 15, 2023, 9:02 AM MST
Peyto Exploration & Development Corp. is already drilling on the Deep Basin assets acquired from Repsol in a C$638 million deal that closed less than a month ago, said company president and chief executive officer JP Lachance at its third quarter 2023 conference call.
November 10, 2023, 9:40 AM MST
Non-core assets for Kiwetinohk Energy Corp. in the Rimbey area and west Simonette, respectively, were disposed of in the third quarter of 2023.
November 10, 2023, 10:45 AM MST
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