Proceeds from a cash payment of $16.7 million for non-core oil and gas properties in the West Pembina area of Alberta will be used to accelerate Cardium drilling within its core Willesden Green area and to pay down debt, says InPlay Oil Corp.
September 13, 2018, 9:27 AM MDT
Operators who acquired assets that Cenovus Energy Inc. was selling to pay for last year’s $17.7 billion acquisition of ConocoPhillips oilsands and Deep Basin properties have wasted no time in working to add value to their acquisitions.
September 12, 2018, 7:22 AM MDT
On March 23, 2018, pursuant to the Bankruptcy and Insolvency Act (“BIA”), Sequoia Resources Corporation (“Sequoia” or the “Company”), filed an assignment in Bankruptcy and PricewaterhouseCoopers Inc. LIT (“PwC”) was appointed as Licensed Insolvency Trustee (the “Trustee”).
September 11, 2018, 7:01 AM MDT
September 11, 2018, 6:45 AM MDT
AltaGas Ltd. has entered into definitive agreements for the sale of non-core midstream and power assets in Canada and power assets in the United States, for total proceeds of approximately $560 million.
September 10, 2018, 6:38 AM MDT
NuVista Energy Ltd. has officially closed its acquisition of the Cenovus Pipestone Partnership which holds assets in the Pipestone area of northwest Alberta, the company announced.
September 7, 2018, 8:40 AM MDT
Property is available for sale in the regional district of Prince Rupert, BC. The lands, referred to as Casey Cove, are located on Digby Island off the coast of Prince Rupert.
September 6, 2018, 6 AM MDT
September 6, 2018, 6 AM MDT
September 6, 2018, 8:10 AM MDT
Surge Energy Inc. says it has increased its light oil weighting to 55 per cent with an agreement to acquire all of the issued and outstanding common shares of light oil producer Mount Bastion Oil and Gas Corp. (MBOG) for $320 million in cash and shares by way of a statutory arrangement
September 6, 2018, 10:30 AM MDT
Crescent Point Energy Corp.’s new transition plan is targeting a net debt reduction of over $1 billion by year-end 2019 through a disciplined return-focused budget and asset dispositions, company officials said this morning.
September 5, 2018, 11:08 AM MDT
The Kinder Morgan Canada Limited board unanimously voted to distribute the net proceeds from the sale of Trans Mountain and the expansion project.
September 5, 2018, 3:39 AM MDT
Southwestern Energy Company has entered into a definitive agreement with Flywheel Energy, LLC, a private company backed by Kayne Private Energy Income Funds, to sell its Fayetteville shale E&P and related midstream gathering assets for $1.865 billion in cash, subject to adjustments and customary closing conditions.
September 4, 2018, 8:50 AM MDT
Total SA, together with its partners, has agreed to sell the Joslyn oilsands project to Canadian Natural Resources Limited (CNRL) for an overall consideration of C$225 million.
August 31, 2018, 10:47 AM MDT
The Trans Mountain pipeline system and the Trans Mountain expansion project (TMEP) have been indirectly acquired by the Government of Canada, through Trans Mountain Corporation (a subsidiary of the Canada Development Investment Corporation) for cash consideration of $4.5 billion.
August 31, 2018, 10:13 AM MDT
Kinder Morgan Canada Limited approved the sale of the Trans Mountain pipeline system and the Trans Mountain expansion project (TMEP) to the Government of Canada at a special meeting of shareholders today in Calgary.
August 30, 2018, 11:21 AM MDT
August 30, 2018, 6 AM MDT
NuVista Energy Ltd. has closed the previously announced initiatives taken to partially finance the acquisition of the Cenovus Pipestone Partnership which holds the assets in the Pipestone area of northwest Alberta.
August 30, 2018, 7:43 AM MDT
Marquee Energy Ltd. signed a purchase and sale agreement on Aug. 29, 2018 to divest approximately 195 boe/d of non-core assets for gross proceeds of $6.6 million.
August 30, 2018, 8:16 AM MDT
The total enterprise value of merger and acquisition (“M&A”) activity in the Canadian oil and natural gas industry in the first half of 2018 was approximately $7.5 billion, down 79 per cent from the record high of $36.4 billion recorded in the first six months of 2017.
August 29, 2018, 6:59 AM MDT
Sayer Energy Advisors has been engaged to assist Canstone Energy Ltd. (“Canstone” or the “Company”) with the sale of all of its oil and natural gas properties, which are generally located in the greater Twining area, including the Equity, Ghost Pine, Huxley, Keivers Lake, Lone Pine, North Twining, Stewart Lake, Swalwell, Trochu and Twining areas of Alberta (the “Properties”).
August 29, 2018, 6 AM MDT
August 29, 2018, 10:20 AM MDT
August 29, 2018, 7:50 AM MDT
Eagle Energy Inc. has closed the sale of its entire interest in the oil and natural gas properties near Twining, Alberta to a third party for cash consideration of C$13.82 million before customary post-closing adjustments.
August 29, 2018, 3:46 AM MDT
August 27, 2018, 8:42 AM MDT