Fulfilling asset retirement obligations associated with acquisitions is very important for Spartan Delta Corp., says top brass, as the company produces more than 25,000 boe/d from recently-bought Alberta assets.
July 10, 2020, 9:17 AM MDT
July 10, 2020, 8:28 AM MDT
While energy sector consolidation is important, it will be difficult for these transactions to happen in the near-term given current market volatility and uncertainties surrounding the timing and shape of a recovery, a conference heard this week.
July 9, 2020, 12 AM MDT
July 9, 2020, 6 AM MDT
Tamarack Valley Energy Ltd. is picking up assets in west-central Alberta for $4.25 million.
July 9, 2020, 7:33 PM MDT
July 8, 2020, 8:27 AM MDT
ROK Resources Inc. to proceed with a financing consisting of units of the company at a price of $0.065 per unit for gross proceeds of up to $500,000.
July 7, 2020, 2:13 PM MDT
Even before the pandemic, there was a downward trend in energy-sector consolidations in the number and size of deals both globally and in Canada, says Binny Bagga, senior analyst of energy service research at Rystad Energy AS.
July 6, 2020, 9:39 AM MDT
Spartan Delta Corp.’s current production is estimated at 26,000 boe/d, primarily from the Ferrier and Willesden Green areas, compared to 25,000 boe/d (30 per cent oil and natural gas liquids) estimated at the time of closing the Bellatrix Exploration Ltd. transaction five weeks ago.
July 6, 2020, 5:59 AM MDT
July 6, 2020, 9:06 AM MDT
ROK Resources Inc. has closed on its acquisition from a publicly traded company of certain producing oil and gas assets in southern Saskatchewan along with associated land leases and related assets and facilities.
July 3, 2020, 7:10 AM MDT
Topaz Energy Corp. has completed a strategic infrastructure acquisition whereby it acquired, for cash consideration of $100 million, a 12.5 per cent working interest in Advantage Oil & Gas Ltd.'s Glacier gas plant, which has raw gas processing capacity of 400 mmcf/d and services the Montney.
July 2, 2020, 11:09 AM MDT
June 30, 2020, 7:58 AM MDT
On 4 May 2020, Ernst & Young Inc. was appointed as the court-appointed Receiver (the “Receiver”) of BOS Solutions Ltd., BOS Solutions Inc., BOS LeaseCo LLC, BOS Solutions Real Estate Inc., and BOS USHoldCo Inc., (collectively "BOS Solutions”), pursuant to an order of the Court of Queen’s Bench of Alberta.
June 29, 2020, 7:39 AM MDT
June 29, 2020, 7:33 AM MDT
June 25, 2020, 8:30 AM MDT
Toscana Energy Income Corporation has entered into an arrangement agreement with i3 Energy plc under which i3 Energy will directly acquire all of the issued and outstanding common shares in the capital of Toscana.
June 23, 2020, 12 AM MDT
June 23, 2020, 8:26 AM MDT
Advantagewon Oil Corp. says it has signed and entered into a purchase agreement to acquire Opulence Resources Inc., an Alberta-based private company, for $25,000.
June 22, 2020, 10:15 AM MDT
The number of distressed Canadian exploration and production companies entering into a strategic alternatives process is likely to continue to rise as the COVID-19 pandemic’s devastating impact on market conditions continues to reverberate and survival mode takes hold.
June 18, 2020, 8:50 AM MDT
Tidewater Midstream and Infrastructure Ltd. announces that, with its partner TransAlta Corporation, it has entered into a definitive purchase and sale agreement with respect to the previously announced sale of the Pioneer Pipeline to NOVA Gas Transmission Ltd., a wholly-owned subsidiary of TC Energy Corporation, for total cash consideration of $255 million.
June 18, 2020, 9:42 AM MDT
June 18, 2020, 7:03 AM MDT
Blackstone Industrial Services has entered into a definitive agreement to acquire the assets of Trican Pipeline & Industrial Services Business (TPIS Business), an industry-leading integrated pipeline services and industrial maintenance solutions company owned and operated by Trican Well Service Ltd.
June 17, 2020, 11:05 AM MDT
June 17, 2020, 7:44 AM MDT
Highwood Oil Company Ltd. announces that the Red Earth divestiture initially announced Feb. 18, 2020, has been terminated.
June 16, 2020, 8:13 AM MDT