Headlines for March 22, 2017

  1. Trican Pumps Up With $637 Million Deal To Buy Canyon

    Trican Well Service Ltd. is about to get a lot bigger while competition in the western Canadian pressure pumping sector contracts after the company announced this morning its acquisition of Canyon Services Group Inc. in a stock and debt deal valued at $637 million.

  2. Court Approves Receiver For Lexin Assets

    The Court of Queen’s Bench has approved the Alberta Energy Regulator’s (AER) application for a receiver to be appointed over all assets of Lexin Resources Ltd. regulated by the AER.

  3. RMP Reports Q4 Results, Q1 Montney Drilling

    Reporting weakened fourth-quarter results, RMP Energy Inc. announced its hybrid slickwater completions at Waskahigan so far this year have resulted in better well productivity and corresponding improvement in well project economics.

  4. Questfire 1P, 2P Reserves Down In 2016

    Questfire Energy Corp.’s year-end 2016 proved plus probable (P+P) reserves were 28.870 million boe, a decrease of eight per cent over year-end 2015 P+P reserves of 31.450 million boe.

  5. Tervita Acquisition Helps Boost High Arctic Revenue

    High Arctic Energy Services Inc. says it sees further revenue and profit growth opportunities with increased exposure to the Canadian market through last year’s acquisition of Tervita Corporation’s Production Services segment.

  6. Divestco In Debt Financing

    Divestco Inc. has entered into a secured loan with BC-OSB Holdings Ltd. for $6 million with an initial draw of $5 million, repayable Sept. 15, 2020 with an interest rate of 17 per cent per year compounded monthly in arrears until maturity.

  7. Gibsons Announces Early Results Of Tender Offers And Increase Of Maximum Tender Cap For U.S. Dollar Notes Due 2021

    Gibson Energy Inc. announced early results of its previously announced cash tender offers to purchase any and all of its outstanding Canadian dollar denominated seven per cent senior unsecured notes due 2020 and to purchase up to US$275 million aggregate principal amount of its outstanding U.S. dollar denominated 6.75 per cent senior unsecured notes due 2021 in each case pursuant to the offer to purchase dated March 8, 2017.

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