Source Rock Royalties Ltd. has closed the acquisition of fee title mineral interests in two quarter sections of land and a two per cent gross overriding royalty (GORR) in approximately 5,800 gross acres (nine sections) of land in southeast Saskatchewan.
June 1, 2023, 2:42 PM MDT
Source Rock Royalties Ltd. reported record quarterly royalty production of 180 boe/d (90 per cent oil and NGLs), an increase of eight per cent over Q1 2022.
May 31, 2023, 7:26 AM MDT
May 29, 2023, 8:47 AM MDT
ConocoPhillips is exercising its preemption right to purchase the remaining 50 per cent interest in Surmont from TotalEnergies EP Canada Ltd. for approximately $3 billion (C$4 billion), subject to customary adjustments, as well as contingent payments of up to approximately $325 million (C$440 million).
May 26, 2023, 10:51 AM MDT
May 26, 2023, 12 AM MDT
Victoria University (“Victoria University” or the “University”) has engaged Sayer Energy Advisors to assist the University with the sale of certain oil and natural gas Fee Title and royalty interests located in the Weyburn area of Saskatchewan (the “Property”).
May 23, 2023, 7:35 AM MDT
May 23, 2023, 12 AM MDT
Upstream M&A deal spend totalled $16 billion globally — a 19% drop on Q4 2022 — as reduced activity mirrored a downward trend in oil prices, according to Evaluate Energy’s latest M&A infographic.
May 16, 2023, 12 AM MDT
PricewaterhouseCoopers Inc., LIT in its capacity as Court appointed Receiver of Everest Canadian Resources Corp (“Everest”) is seeking offers for the purchase of Everest’s SAGD facility and reserves (“McKay Thermal Project”) located approximately 45 km north of Fort McMurray.
May 11, 2023, 6 AM MDT
Suncor Energy Inc. says it continues to progress “disciplined decisions” to streamline its portfolio, enabling greater fit and focus and allowing the company to allocate resources to its highest value core assets.
May 10, 2023, 11:01 AM MDT
Cardinal Energy Ltd. (“Cardinal” or the “Company”) has engaged Sayer Energy Advisors to assist the Company with the sale of certain non-core oil and natural gas interests located in the Rainier, Forestburg and Wainwright South areas of Alberta (the “Properties”).
May 10, 2023, 8:37 AM MDT
Spartan Delta Corp. has completed the sale of its Gold Creek and Karr Montney assets to Crescent Point Energy Corp. for cash consideration of $1.7 billion.
May 10, 2023, 11:06 AM MDT
Sayer Energy Advisors has been engaged to assist Asta Energy Ltd. (“Asta” or the “Company”) with the sale of its thermal oil interests located in the Kerrobert area of Saskatchewan (the “Property”).
May 9, 2023, 7:50 AM MDT
May 5, 2023, 8:58 AM MDT
May 5, 2023, 8:51 AM MDT
On January 29, 2023, PricewaterhouseCoopers Inc., LIT was appointed as trustee (the “Proposal Trustee”) of Goldenkey Oil Inc. pursuant to the Bankruptcy and Insolvency Act, under which it filed a Notice of Intention to Make a Proposal.
May 1, 2023, 8:18 AM MDT
The shareholders of Edge Capital Ltd. (the “Company”) are pleased to announce the closing of the sale of the Company, including its operating subsidiary, Edge LRM Operations Ltd. (“Edge”). Edge is a junior oil and gas company with core properties in the Lloydminster area of Saskatchewan.
May 1, 2023, 8:45 AM MDT
Suncor Energy Inc. has agreed to purchase TotalEnergies SE’s Canadian operations through the acquisition of TotalEnergies EP Canada Ltd., which holds a 31.23 per cent working interest in the Fort Hills oilsands mining project and a 50 per cent working interest in the Surmont in situ asset.
April 27, 2023, 12 AM MDT
Following the announcement of its plans to spin-off its Canadian assets, TotalEnergies SE says it received several unsolicited offers among which an offer from Suncor Energy Inc. for the acquisition of the entirety of the shares of TotalEnergies EP Canada Ltd.
April 27, 2023, 12 AM MDT
Recently, we have seen a number of privately-held oil and natural gas companies emerge as active buyers of oil and natural gas assets.
April 26, 2023, 6 AM MDT
April 24, 2023, 7:17 AM MDT
Source Rock Royalties Ltd. reported annual royalty revenue of $6.49 million, an increase of 52 per cent over 2021.
April 17, 2023, 8:54 AM MDT
April 13, 2023, 9:57 AM MDT
It’s not an overstatement to say that Crescent Point Energy Corp. had a very good month in March for bold announcements and satisfactory reviews of its five-year growth and strategy planning.
April 12, 2023, 6 AM MDT
April 12, 2023, 11:02 AM MDT