On January 28, 2020, the Alberta Court of Queen’s Bench (the “Court”) made an order (the “Receivership Order”) appointing Alvarez & Marsal Canada Inc. (“A&M”) as receiver and manager (“the NWT Receiver”) over all of Strategic Oil & Gas Ltd.’s and Strategic Transmission Ltd.’s (together “Strategic” or the “Company”) property located in the Northwest Territories (the “NWT Property”).
July 21, 2022, 7:27 AM MDT
July 21, 2022, 12 AM MDT
When asked on a Q2 conference call whether M&A opportunities had “thinned out,” Andrew Phillips, president and chief executive officer of PrairieSky Royalty Ltd., agreed.
July 19, 2022, 7:44 AM MDT
There were 122 wells spud (94 per cent oil) on PrairieSky Royalty Ltd. lands during Q2 2022 which included 62 wells spud on Fee Lands, 44 wells spud on GORR acreage and 16 unit wells spud.
July 18, 2022, 3:35 PM MDT
July 14, 2022, 12 AM MDT
Freehold Royalties Ltd. has entered into definitive agreements with two private sellers to acquire high-quality U.S. mineral title and royalty assets located in the Midland Basin predominantly in Howard County, Texas for $123 million and in the Eagle Ford in Texas for $32 million, both figures net of estimates for exchange rates and customary closing adjustments.
July 7, 2022, 6:16 AM MDT
Ovintiv Inc. has reached agreements with two counterparties to sell portions of its assets located in the Uinta and Bakken basins for total proceeds of approximately $250 million.
July 6, 2022, 7:14 AM MDT
Crescent Point Energy Corp. has completed the disposition of its non-core Saskatchewan Viking assets which were previously identified as disposition candidates, for total cash consideration of approximately $260 million, prior to closing adjustments.
July 6, 2022, 2:55 PM MDT
Saturn Oil & Gas Inc. has successfully completed the previously announced acquisition of assets in the Viking area of west-central Saskatchewan for closing cash consideration of approximately $248 million (net of adjustments) and has completed a non-brokered private placement for gross proceeds of $400,326.
July 6, 2022, 4:02 PM MDT
June 24, 2022, 7:37 AM MDT
June 14, 2022, 10:34 AM MDT
Cenovus Energy Inc. has reached an agreement to purchase the remaining 50 per cent of the Sunrise oilsands project in northern Alberta from BP plc.
June 13, 2022, 4:10 AM MDT
Invico Capital Corporation has closed a non-operated working interest deal worth US$32 million in North Dakota’s Williston Basin through its signature fund, Invico Diversified Income Fund.
June 13, 2022, 8:07 AM MDT
Tallahassee Exploration Inc. (“Tallahassee” or the “Company”) has engaged Sayer Energy Advisors to assist it with the sale of certain non-core operated and non-operated oil and natural gas assets located in the Deer, Medicine Hat, Matziwin, Nipisi, Pine Creek, Princess and Wedge areas of Alberta and the Maxhamish area of British Columbia (the “Properties”). Tallahassee is selling the Properties in order to focus on its core assets.
June 13, 2022, 8:47 AM MDT
Prairie Provident Resources Inc. says it plans a “pivot” in its second half 2022 capital program toward non-core reactivations, recompletions and optimization projects to maximize shareholder value.
June 13, 2022, 12 AM MDT
Tamarack Valley Energy Ltd. successfully closed the previously announced acquisition of Rolling Hills Energy Ltd.
June 10, 2022, 9:07 AM MDT
Corex Resources Ltd. announced that on June 8, 2022, a limited partnership managed and controlled by Azimuth Capital Management acquired all of the common shares of Corex held by CDPQ, a global investment group.
June 9, 2022, 12 AM MDT
Devon Energy Corporation has entered into a definitive purchase agreement to acquire the leasehold interest and related assets of RimRock Oil and Gas, LP, a Warburg Pincus portfolio company, in the Williston Basin for total cash consideration of $865 million.
June 8, 2022, 2:11 PM MDT
Surge Energy Inc. (“Surge” or the “Company”) has engaged Sayer Energy Advisors to assist the Company with the sale of certain non-core oil and natural gas interests located in various areas of Alberta and Saskatchewan (the “Properties”).
June 7, 2022, 8:59 AM MDT
June 7, 2022, 9:06 AM MDT
Gear Energy Ltd. recently submitted an application to the Alberta Energy Regulator (AER) to transfer certain non-core Alberta heavy oil assets.
June 6, 2022, 12 AM MDT
Pan Orient Energy Corp. has entered into an agreement to be acquired by a subsidiary of DIALOG Group Berhad (7277 – Bursa Malaysia) and for Pan Orient's non-Thailand business to be transferred to CanAsia Energy Corp., a new company to be owned by Pan Orient shareholders.
June 6, 2022, 7:36 AM MDT
Saturn Oil & Gas Inc. has entered into an arm’s-length definitive agreement to acquire synergistic assets in the Viking area of west-central Saskatchewan for approximately $260 million.
June 1, 2022, 12 AM MDT
With approximately $15 million in cash on-hand, Source Rock Royalties Ltd. is actively evaluating numerous royalty acquisition opportunities.
May 31, 2022, 6:42 AM MDT
Signalta Resources Limited (“Signalta” or the “Company”) has engaged Sayer Energy Advisors to assist it with the sale of its working interests in certain non-operated natural gas units located in various areas of Alberta (the “Properties”).
May 26, 2022, 8:13 AM MDT
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