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
Tamarack Valley Energy Ltd. has successfully closed the previously announced sale of its non-core west central Alberta assets for $123.0 million in cash, plus the assumption by the purchaser of $38.4 million and $80.6 million gross operated inactive and active asset retirement obligations.
November 3, 2023, 10:17 AM MDT
Tourmaline Oil Corp. has acquired acreage near a “very strong” Cardium oil discovery in the Resthaven-Kakwa area of the North Deep Basin.
November 2, 2023, 10:53 AM MDT
Paramount Resources Ltd. has expanded its core Montney land position in the Grande Prairie Region through the addition of 10 net sections of new land at Karr and Wapiti.
November 2, 2023, 6:49 AM MDT
November 2, 2023, 9:56 AM MDT
International Petroleum Corporation (IPC) has agreed to dispose of non-core production and land assets in Alberta’s John Lake and Fishing Lake areas.
October 31, 2023, 11:02 AM MDT
Expect more deal making in North American unconventional resource plays in the near term as international oil companies (IOCs) and large cap U.S. operators look to add asset duration and drilling inventory to their portfolios, two E&P company leaders said at the CFA Society Calgary’s 23rd Annual Oil & Gas Forecast Breakfast on Tuesday morning.
October 31, 2023, 1:28 PM MDT
October 31, 2023, 9:57 AM MDT
Prairie Provident Resources Inc. has entered into a definitive agreement with a private oil and gas company to sell the company's Evi cash-generating unit located in northern Alberta for a base purchase price of $27.0 million payable in cash, subject to effective date adjustments based on an effective date of Aug. 1, 2023.
October 30, 2023, 5:52 AM MDT
Advantage Energy Ltd. acquired 53 net sections of Montney rights at Conroy in B.C. to increase geographic exposure to export markets including its participation in the Rockies LNG project.
October 27, 2023, 6:53 AM MDT
October 26, 2023, 8:48 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 2023 was $7.8 billion, up 50 per cent from the $5.2 billion recorded in the first six months of 2022.
October 25, 2023, 6 AM MDT
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