Latest debt level data from CanOils shows that some E&P players in the Canadian oil and gas space are much better positioned to survive the lower price environment for longer duration. A handful of companies have very low level of debt in relation to their cash flow compared to their peers.
March 24, 2020, 6:46 AM MDT
Latest hedging data from CanOils shows that among Canada’s largest oil producing companies, it is actually a number of gas-heavy companies that have protected their oil production against the falling oil price the best heading into Q2 2020.
March 16, 2020, 7:25 AM MDT
North American oil and gas producers have had to increasingly bring capital spending into line with their operating cash flow over recent months, as they are facing growing pressure to address debt levels and appease shareholders.
September 19, 2019, 9:10 AM MDT
New analysis from CanOils shows that just 51 per cent of the operating cash flow generated by Canada’s major oilsands producers has been reinvested as capital expenditures in the first half of 2019.
September 18, 2019, 6 AM MDT
An examination of Chevron’s purchase of Anadarko Petroleum Corporation indicates the deal will result in a 48 per cent combined production increase across two of its core U.S. positions.
April 16, 2019, 8:06 AM MDT
In another year where North American deals dominated upstream M&A activity, Evaluate Energy’s latest Global M&A review shows that Canada saw US$11.2 billion in new deals announced in 2018. The full M&A review can be downloaded at this link.
January 28, 2019, 6 AM MST
Despite some positive signs of stability in oil and gas markets during 2018, the overall M&A spend in the upstream sector globally fell to its lowest level in at least a decade. The value of announced upstream deals reached just $132 billion; a 12% decline on the $151 billion recorded the year prior even though oil prices enjoyed their best year since the 2014 price downturn.
January 24, 2019, 12 AM MST
November 15, 2018, 7:33 AM MST
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