Should Husky Energy Inc.’s bid for MEG Energy Corp. go ahead at the proposed price of C$11 per share, the eventual takeover would be Canada’s fourth largest oilsands sector deal for four years.
October 17, 2018, 12 AM MDT
By agreeing to a US$480 million deal with Denver-based DJR Energy last week, Encana Corporation became the latest in a series of significant oil and gas producers to leave the San Juan Basin.
October 9, 2018, 9:16 AM MDT
Analysis by CanOils sheds interesting new light on the overall appetite for capital investment among Canadian producers — in the era before and after the oil price downturn — with a subset of major oilsands operators continuing to restrain investment into major new projects due to weaker Canadian oil prices caused by a lack of market access.
June 15, 2018, 7:01 AM MDT
The U.K. anticipates producing 11.7 billion bbls of oil equivalent between 2016 and 2050, according to new projections from the UK Oil & Gas Authority (OGA).
March 6, 2018, 9:57 AM MST
A total of C$553 million in new upstream deals for Canadian assets were agreed in January, an increase of 53 per cent over the C$360 million secured in the same month last year, according to CanOils latest M&A review, which is available for download here.
February 21, 2018, 4:27 AM MST
Since agreeing to purchase BG Group back in April 2015, Royal Dutch Shell plc has been selling assets all over the world to rationalize its portfolio.
February 1, 2018, 8:03 AM MST
Canada’s upstream sector saw almost C$42 billion in new deals agreed in 2017 — a 91 per cent increase over the five-year annual average — as a few massive oilsands deals offset a drop in overall deal-flow.
January 24, 2018, 3:59 AM MST
Upstream M&A activity in Latin America has been able to largely withstand falling oil prices that stalled deal flow in many regions of the world, with deal counts largely unaffected.
January 9, 2018, 7:52 AM MST
January 8, 2018, 8:52 AM MST
According to new data in CanOils’s latest M&A review for October 2017, M&A deals involving Cenovus Energy Inc. as either the acquirer or selling party have accounted for half of all upstream deal activity in Canada between January and October.
November 22, 2017, 8:03 AM MST
November 3, 2017, 11:29 AM MDT
The total number of operating rigs in the United States was 913 this week, according to the Baker Hughes’s weekly count, 15 fewer rigs than the 928 that were at work last week.
October 20, 2017, 11:27 AM MDT
Thanks primarily to a pair of sizeable agreements involving Cenovus Energy Inc., Canada’s upstream M&A sector saw a total of C$1.7 billion in new deals agreed in September.
October 18, 2017, 3:52 AM MDT
The total number of operating rigs in the United States was 928 this week, according to the Baker Hughes weekly count, eight fewer rigs than the 936 that were at work last week.
October 13, 2017, 11:26 AM MDT
The total number of operating rigs in the United States was 940 this week, according to the Baker Hughes weekly count, five more rigs than the 935 that were at work last week.
September 29, 2017, 11:37 AM MDT
The total number of operating rigs in the United States was 935 this week, according to the Baker Hughes weekly count, one down from the 936 that were at work last week.
September 22, 2017, 11:35 AM MDT
Comstock Resources Inc. and Resolute Energy Corp. achieved the highest percentage cut in operating and transportation costs per bbl of oil equivalent among their respective peer groups in the U.S. during Q2 2017, according to new data from Evaluate Energy.
September 21, 2017, 6 AM MDT
Soaring natural gas commodity prices were the primary driver of a dramatic improvement in the netbacks of upstream operators in the U.S. and Canada in Q2 2017, based on new data from CanOils and Evaluate Energy.
September 20, 2017, 7:35 AM MDT
Today’s announced US$110 million sale by Halcón Resources Corporation of its non-operated Williston Basin assets means that the company has now negotiated 26 per cent of all U.S. and Canadian asset sales in the basin over the past two years, based on deal values.
September 20, 2017, 7:50 AM MDT
The total number of operating rigs in the United States was 936 this week, according to the Baker Hughes weekly count, eight fewer rigs than the 944 that were at work last week. This is, however, 430 more rigs than the 506 that were operating this time last year.
September 15, 2017, 11:32 AM MDT
The total number of rigs operating in the United States was 944 this week, according to the Baker Hughes weekly count, one more rig than the 943 that were at work last week.
September 8, 2017, 11:37 AM MDT
TORC Oil & Gas Ltd. was the only company among TSX-listed oil producers outside of the oilsands sector to cut its combined operating and transportation costs per barrel of oil equivalent (boe) between Q2 2017 and Q2 2016, according to the latest CanOils data.
September 6, 2017, 8:23 AM MDT
September 5, 2017, 10:12 AM MDT
The total number of rigs operating in the United States rose to 943 this week, according to the Baker Hughes weekly count — three more rigs than the 940 that were at work last week.
September 1, 2017, 11:37 AM MDT
The PSAC Well Cost Study for the 2017 summer drilling season examines 18 carefully selected horizontal or directional type wells across various formations and depths in Alberta to give a good overview of drilling and completion(1) costs in the province.
August 24, 2017, 6 AM MDT