Kiwetinohk Energy Corp. has made a move that will make it easier to strike on acquisition opportunities as they arise.
May 18, 2022, 6:25 AM MDT
An active capital program and robust liquids and natural gas prices backstopped Peyto Exploration & Development Corp.’s strong Q1 results as the company boosted output and financial metrics in the period.
May 12, 2022, 11:19 AM MDT
Tamarack Valley Energy Ltd. (“Tamarack Valley” or the “Company”) has engaged Sayer Energy Advisors to assist the Company with the sale of certain non-core natural gas interests located in the Forty Mile, Pakowki and Quaich areas of southern Alberta (the “Properties”).
May 12, 2022, 7:56 AM MDT
On January 21, 2022, the Court of Queen’s Bench of Alberta (the “Court”) granted an order (the “Interim Receivership Order”) pursuant to section 47(1) of the Bankruptcy and Insolvency Act (“BIA”), RSC 1985, c B-3, s.13(2) of the Judicature Act (“JA”), RSA 2000, c J-2, and s.242(3) of the Business Corporations Act, RSA 2000, c B-9 (“ABCA”), whereby Alvarez & Marsal Canada Inc., was appointed interim receiver (the “Interim Receiver”) of Big Bear Energy Rentals Ltd.
May 12, 2022, 6 AM MDT
During the first quarter of 2022, Prairie Provident Resources Inc. spent $9.7 million of the previously announced full year $22 million capital program, including asset retirement obligation spending.
May 12, 2022, 6:20 AM MDT
CPE Pembina Lands Ltd. (“CPE” or the “Company”) has engaged Sayer Energy Advisors to assist the Company with the sale or farmout of its 100% interest in a Nisku prospect in the Pembina area of Alberta (the “Property”).
May 11, 2022, 8:24 AM MDT
May 10, 2022, 10:59 AM MDT
In alignment with its strategy to maximize value through its core business, Suncor Energy Inc. continues to take steps to optimize its asset portfolio through planned overseas divestments.
May 10, 2022, 3:46 PM MDT
During the first quarter of 2022, in alignment with Suncor Energy Inc.'s strategy to maximize value through its core business, the company announced that it is taking steps to optimize its asset portfolio through the planned divestment of its exploration and production (E&P) assets in Norway.
May 10, 2022, 12 AM MDT
On January 21, 2022, the Court of Queen’s Bench of Alberta (the “Court”) granted an order (the “Interim Receivership Order”) pursuant to section 47(1) of the Bankruptcy and Insolvency Act (“BIA”), RSC 1985, c B-3, s.13(2) of the Judicature Act (“JA”), RSA 2000, c J-2, and s.242(3) of the Business Corporations Act, RSA 2000, c B-9 (“ABCA”), whereby Alvarez & Marsal Canada Inc., was appointed interim receiver (the “Interim Receiver”) of Big Bear Energy Rentals Ltd.
May 10, 2022, 6 AM MDT
Journey Energy Inc. announced an increase to its 2022 capital budget to $78 million, which includes E&D activities, spending for future power generation projects and A&D activity.
May 10, 2022, 12 AM MDT
Freehold Royalties Ltd. has entered into a definitive agreement to acquire mineral title and overriding royalty interests across approximately 1,100 net royalty acres (220,000 gross acres) in core Midland basin of the Permian for US$15.5 million, before customary adjustments.
May 10, 2022, 2:38 PM MDT
May 10, 2022, 4:39 AM MDT
International Petroleum Corporation says it is still looking for M&A opportunities in Canada and internationally, although it may be more difficult to conclude a deal these days because of seller expectation versus buyer expectation on price.
May 9, 2022, 9:05 AM MDT
With high prices driving record free cash flow, Advantage Energy Ltd. will focus on growing liquids production while paying down debt and buying back shares for the remainder of 2022, company president and chief executive officer Mike Belenkie told shareholders at Advantage’s annual meeting on Thursday.
May 9, 2022, 9:41 AM MDT
Canadian Natural Resources Limited completed a “number of strategic acquisitions” in its core areas which will add long term value to shareholders, says the company’s top executive.
May 5, 2022, 1:03 PM MDT
Despite high commodity prices and improved operator financials, the Canadian oil and gas sector still presents plenty of good acquisition targets for royalty and energy infrastructure company Topaz Energy Corp., company president and chief executive officer Marty Staples said during Topaz’s 2022 first quarter conference call.
May 5, 2022, 8:44 AM MDT
In late April, Paramount Resources Ltd. acquired Duvernay lands and production directly offsetting its existing 61,000 net acre position in the Willesden Green area of Alberta for approximately $40 million in cash, prior to adjustments.
May 4, 2022, 12 AM MDT
Topaz Energy Corp. reported record cash flow of $74.2 million and record free cash low of $73.8 million from its royalty assets in the first quarter of 2022.
May 4, 2022, 8:10 AM MDT
Q1 upstream deal activity was dominated by private U.S. companies selling assets acquired during the Covid downturn.
May 3, 2022, 6 AM MDT
Aldon Oils Ltd. (“Aldon” or the “Company”) has engaged Sayer Energy Advisors to assist it with the sale of certain non-core oil and associated natural gas interests located in the Bemersyde, Huntoon, Midale, Midale North and Weyburn areas of southeastern Saskatchewan (the “Properties”).
May 3, 2022, 9:07 AM MDT
May 3, 2022, 11:19 AM MDT
Imperial Oil Limited’s president and CEO Brad Corson said the previously announced marketing process for Imperial and ExxonMobil Canada’s interests in XTO Energy Canada is ongoing, with bids received now under evaluation.
April 29, 2022, 11:30 AM MDT
April 29, 2022, 12 AM MDT
With its balance sheet improving, strong financial metrics as commodity prices hold strong and operations performing well, Cenovus Energy Inc. isn’t ruling out dipping its toe into an increasingly tight North American merger and acquisition (M&A) and disposition market.
April 28, 2022, 12 AM MDT
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