Saturn Oil & Gas Inc. announced a $93 million deal in southeast Saskatchewan this week that is projected to transform its portfolio from producing well under 1,000 boe/d in 2020 to over 7,500 boe/d in 2021.
May 14, 2021, 7:15 AM MDT
Saturn Oil & Gas Inc. has entered an arm’s-length definitive agreement to acquire assets in the Oxbow area of southeast Saskatchewan for $93 million.
May 13, 2021, 2:57 PM MDT
Crescent Point Energy Corp. says it is moving quickly to integrate the company’s newly acquired Duvernay assets into its operations.
May 12, 2021, 11:10 AM MDT
In total, 111 (3.9 net) wells were drilled on Freehold Royalties Ltd.'s royalty lands in Q1-2021, a 37 per cent decline on a gross measure versus the same period in 2020 but flat when compared to Q4-2020.
May 12, 2021, 7 AM MDT
May 11, 2021, 7:38 AM MDT
While Cenovus Energy Inc. management has offered few details on the progress being made on the company’s asset divestiture efforts, CEO Alex Pourbaix says that shouldn’t be misconstrued as inaction and the company is continuing the process of investigating potential opportunities behind closed doors.
May 10, 2021, 2:28 PM MDT
During the first quarter of 2021, Topaz Energy Corp. continued to execute its growth strategy, investing $144 million to acquire 765,000 gross acres of high margin gross overriding royalty interests in the Deep Basin and Clearwater areas of Alberta.
May 7, 2021, 5:43 AM MDT
Obsidian Energy Ltd. has formally closed its previously announced strategic alternatives process, considering the successful completion of the syndicated credit facility and senior notes maturity extension to November 2022 and its stronger operational and improved financial position.
May 7, 2021, 7:38 AM MDT
Despite a continued strong pricing environment and continued progress on some egress projects, Canadian Natural Resources Limited’s top executive says the company expects to continue to focus its capital program on maintenance versus growth.
May 6, 2021, 11:48 AM MDT
Enerplus Corporation’s board of directors approved a 10 per cent increase to the company's dividend to 3.3 cents per share paid quarterly, from one-cent per share paid monthly previously.
May 6, 2021, 3:09 PM MDT
In the fourth quarter of 2020, PHX Energy Services Corp. committed to a plan to sell its Russian division, Phoenix TSR.
May 6, 2021, 7:23 AM MDT
Tamarack Valley Energy Ltd. may spud a well next week at its Charlie Lake asset, which it is acquiring from Anegada Oil Corp.
May 5, 2021, 9:32 AM MDT
Paramount Resources Ltd. has entered into a definitive agreement for the sale of its non-operated Birch asset in northeast British Columbia for total consideration of $77 million.
May 5, 2021, 7:41 AM MDT
May 5, 2021, 8:13 AM MDT
May 5, 2021, 8:21 AM MDT
May 5, 2021, 11:21 AM MDT
May 4, 2021, 7:55 AM MDT
Topaz Energy Corp. has entered into a definitive agreement with Reserve Royalty Income Trust for the purchase of subsidiaries which hold all of the Reserve Royalty assets for $26 million, payable through the issuance of 1.8 million Topaz shares.
May 3, 2021, 6:35 AM MDT
Enerplus Corporation has closed its previously announced acquisition of Williston Basin assets from Hess Corporation for a total cash purchase price of US$312 million, subject to normal purchase price adjustments.
April 30, 2021, 12:34 PM MDT
April 30, 2021, 7:59 AM MDT
April 30, 2021, 8:03 AM MDT
Whitecap Resources Inc. enjoyed improved financial and operational results, and record production, for Q1 2021 says top brass, as operational execution and seamless integration of recent acquisitions continued to drive performance.
April 29, 2021, 11:17 AM MDT
Evaluate Energy’s latest report shows that global upstream M&A deal spending totalled $19 billion during Q1. Deal counts show an uptick on activity that reflect increased sector confidence and renewed appetite to consolidate/update portfolios as we emerge from the global COVID-19 lockdown.
April 29, 2021, 6 AM MDT
In an April 2020 article written by Sayer Energy Advisors the question was posed: “Will We See an Increase in Consolidation in 2020?” Although it would have been impossible to know the full implications of the COVID-19 pandemic, our predictions at that time did take into consideration the fact that there would be some consolidation spurred on by the pandemic.
April 28, 2021, 6 AM MDT
April 28, 2021, 10:51 AM MDT