Source Rock Royalties Ltd. has closed the acquisition of a gross overriding royalty (GORR) in 60,800 net acres (95 sections) of largely contiguous land in the Figure Lake area of central Alberta for a purchase price of $8.0 million.
December 5, 2023, 12 AM MST
November 30, 2023, 12 AM MST
The amount of Canadian oil and natural gas assets and companies publicly available for sale is up roughly 375 per cent from this time last year.
November 29, 2023, 6 AM MST
Spartan Delta Corp. completed a series of asset acquisitions in the West Shale Basin Duvernay for aggregate cash consideration of approximately $25 million.
November 29, 2023, 5:18 AM MST
Canadian Spirit Resources Inc. has initiated a process to review strategic alternatives with a view to maximizing the value of the company’s Montney resource base at Farrell Creek and Altares.
November 29, 2023, 9:55 AM MST
When Peyto Exploration & Development Corp. announced its acquisition of Repsol Canada Energy Partnership’s Deep Basin assets for C$638 million in early September it caught many industry-watchers by surprise, given the company had notoriously been known as a smaller-deal acquirer of tuck-in assets.
November 28, 2023, 12 AM MST
Baytex Energy Corp. has entered into a definitive agreement to sell certain of its Viking assets located at Forgan and Plato in southwest Saskatchewan, effective Oct. 1, 2023, for $153.8 million.
November 27, 2023, 8:20 AM MST
Since starting operations, Logan Energy Corp. has added 62.25 net sections of land around its core area of Simonette, consisting of 32.75 net sections of Montney acreage and 29.5 net sections of land in non-Montney plays on and surrounding its existing asset base.
November 23, 2023, 6:59 AM MST
Lycos Energy Inc. acquired an additional 8.5 net sections of land near its Frog Lake acreage for a total consideration of $3.5 million, before closing adjustments.
November 23, 2023, 8:06 AM MST
Perpetual Energy Inc. it has closed its previously announced asset disposition of certain assets at Mannville in Eastern Alberta to Canadian private operator Pointbreak Resources for gross proceeds of $35.8 million in cash, prior to customary purchase price adjustments with a Sept. 1, 2023 effective date.
November 23, 2023, 12 AM MST
The current uptick in merger and acquisition activity in the energy space can be linked to an interest in building inventories for the coming decades.
November 22, 2023, 12 AM MST
Suncor Energy Inc. has closed the transaction to purchase TotalEnergies EP Canada Ltd., which includes the remaining 31.23 per cent working interest in the Fort Hills Project.
November 21, 2023, 12 AM MST
November 20, 2023, 5:36 AM MST
Reflecting on the flurry of M&A announcements among customers in the middle of 2023, CES Energy Solutions Corp.’s CEO and president Ken Zinger said it was tough to protect against.
November 15, 2023, 2:06 PM MST
November 15, 2023, 4:39 AM MST
Pine Cliff Energy Ltd.’s third quarter drilling activity was limited to participating in one Ellerslie natural gas well (0.15 net) in its Edson area that came onstream at the end of October 2023.
November 15, 2023, 9:02 AM MST
Peyto Exploration & Development Corp. is already drilling on the Deep Basin assets acquired from Repsol in a C$638 million deal that closed less than a month ago, said company president and chief executive officer JP Lachance at its third quarter 2023 conference call.
November 10, 2023, 9:40 AM MST
Non-core assets for Kiwetinohk Energy Corp. in the Rimbey area and west Simonette, respectively, were disposed of in the third quarter of 2023.
November 10, 2023, 10:45 AM MST
Rubellite Energy Inc. expects to spend approximately $20 - $22 million in the fourth quarter of 2023 to drill, complete, equip and tie-in 11 (11.0 net) multi-lateral development infill and step-out wells at Figure Lake, unchanged from previous guidance.
November 10, 2023, 5:20 AM MST
Journey Energy Inc. says it continues to advance its repeatable plays, and is looking for opportunities to expand the company’s Duvernay footprint.
November 10, 2023, 12 AM MST
Advantage Energy Ltd. is expanding its liquids-rich Montney acreage in British Columbia, providing geographic diversification and exposure to Canada’s growing LNG industry via a recent low-cost asset deal, says president and CEO Michael Belenkie, noting the value of these Conroy assets is not contingent on LNG.
November 8, 2023, 12 AM MST
Yangarra Resources Ltd.’s drilling costs continue to improve with a reduction of 15-30 per cent in drilling spud to rig release times when compared with previous years, which has mitigated most of the cost escalations experienced over the past 18 months.
November 8, 2023, 7:04 AM MST
Following Crescent Point Energy Corp.’s $2.55 billion acquisition of Hammerhead Energy Inc., here’s a look at the top deals in the Montney over the past couple of years, courtesy of Evaluate Energy.
November 7, 2023, 11:04 AM MST
Perpetual Energy Inc.'s board of directors previously approved annual exploration and development capital spending of $25 to $32 million for 2023, prior to acquisitions and dispositions, if any, of which $2 to $4 million was allocated for potential spending in Eastern Alberta in the second half of 2023.
November 6, 2023, 12 AM MST
An important consideration when assessing M&A deals is whether the free cash flow yield from an acquisition will be as good or better than what the company’s organic five-year EP plan could deliver, says the chief executive of Tourmaline Oil Corp.
November 3, 2023, 12 AM MDT