August 3, 2021, 9:15 AM MDT
Flush with free cash flow, Topaz Energy Corp. is on the hunt to build out its ever-expanding royalty and infrastructure business.
July 30, 2021, 10:44 AM MDT
SNC-Lavalin closed the sale of a substantial portion of its resources oil & gas business on July 29, pursuant to the previously announced binding agreement with Kentech Corporate Holdings Limited dated Feb. 9, 2021.
July 30, 2021, 4:47 AM MDT
Although Cenovus Energy Inc.’s capital guidance range remains unchanged at $2.3-$2.7 billion for the year it now reflects an increase to the oilsands spend of $100 million, a move which will add production this year and into 2022.
July 29, 2021, 11:50 AM MDT
July 29, 2021, 12 AM MDT
Tamarack Valley Energy Ltd. posted strong second quarter results driven by the successful integration of Anegada Oil Corp. along with the continued execution of the company’s Clearwater and waterflood operations.
July 28, 2021, 10:33 AM MDT
High Arctic Energy Services Inc. is acquiring 17 modern hydraulic catwalks from a vendor in the Cold Lake area of Alberta for $1.1 million.
July 27, 2021, 5:54 AM MDT
Precision Drilling Corporation employee recruitment and training practices represent a competitive advantage for the company coming out of the downturn, ensuring a sustained, strong market position, says top brass.
July 23, 2021, 7:27 AM MDT
Cathedral Energy Services Ltd. and Precision Drilling Corporation this morning announced the closing of Cathedral’s acquisition of Precision’s directional drilling business for a purchase price of $6.35 million.
July 23, 2021, 4:16 AM MDT
On Thursday, Strathcona Resources Ltd. said it completed a strategic acquisition of Montney assets in the Resthaven area.
July 23, 2021, 5:09 AM MDT
Europe’s oil and gas majors again led the way in terms of green and renewable energy sector deal-making among oil producing peers in Q2, according to Evaluate Energy’s latest M&A report.
July 22, 2021, 12 AM MDT
Strathcona Resources Ltd. has completed a strategic acquisition of Montney assets in the Resthaven area, located directly offsetting and integral with the company's existing Montney operations in the Kakwa area.
July 22, 2021, 11:28 AM MDT
July 22, 2021, 8:41 AM MDT
A series of high value mergers in the U.S. Permian Basin led to a sharp increase in global upstream deal value in Q2, according to Evaluate Energy’s latest quarterly M&A report.
July 21, 2021, 6 AM MDT
July 20, 2021, 12:37 PM MDT
PrairieSky Royalty Ltd. has acquired a five per cent gross overriding royalty on over 76,000 acres of Clearwater lands in the core Marten Hills area.
July 19, 2021, 2:19 PM MDT
A two-year consolidation initiative in the Alberta Deep Basin and B.C. Montney complexes is now essentially complete, Tourmaline Oil Corp. reported Thursday. The table, prepared by CanOils, shows deals since November 2020.
July 16, 2021, 5:31 AM MDT
Topaz Energy Corp. has entered into definitive agreements with Tourmaline Oil Corp. for the purchase of gross overriding royalty interests on approximately 296,000 gross acres in the northeast B.C. Montney play area, for total cash consideration of $145 million, which will be funded through Topaz’s existing credit facilities.
July 16, 2021, 7:19 AM MDT
Tourmaline Oil Corp. says its two-year consolidation initiative in the Alberta Deep Basin and B.C. Montney complexes is now essentially complete, as it announced the closing of two strategic North Montney transactions — including one involving Paramount Resources Ltd.’s land and assets in the Birch area — as well as a North Montney GORR transaction with Topaz Energy Corp.
July 15, 2021, 3:56 PM MDT
July 9, 2021, 12 AM MDT
July 9, 2021, 3:56 AM MDT
July 8, 2021, 12 AM MDT
i3 Energy plc announced a deal with Cenovus Energy Inc. to acquire certain petroleum and infrastructure assets within i3's Central Alberta core area for a total consideration of C$65 million (US$53.7 million).
July 7, 2021, 6:11 AM MDT
July 2, 2021, 12 AM MDT
A trend that we have witnessed during the recent wave of consolidation in the Canadian oil and natural gas industry is a significant number of privately-held oil and natural gas companies achieving liquidity by selling to publicly-traded companies for shares.
June 30, 2021, 6:57 AM MDT