Whitecap Resources Inc. enjoyed improved financial and operational results, and record production, for Q1 2021 says top brass, as operational execution and seamless integration of recent acquisitions continued to drive performance.
April 29, 2021, 11:17 AM MDT
Evaluate Energy’s latest report shows that global upstream M&A deal spending totalled $19 billion during Q1. Deal counts show an uptick on activity that reflect increased sector confidence and renewed appetite to consolidate/update portfolios as we emerge from the global COVID-19 lockdown.
April 29, 2021, 6 AM MDT
In an April 2020 article written by Sayer Energy Advisors the question was posed: “Will We See an Increase in Consolidation in 2020?” Although it would have been impossible to know the full implications of the COVID-19 pandemic, our predictions at that time did take into consideration the fact that there would be some consolidation spurred on by the pandemic.
April 28, 2021, 6 AM MDT
April 28, 2021, 10:51 AM MDT
Distinction Energy Corp. has closed, together with Kiwetinohk Resources Corp., a $335 million acquisition (including $15 million in potential contingent payments based on future commodity prices) of certain interests in the Simonette area of northwest Alberta.
April 28, 2021, 4:40 PM MDT
Altura Energy Inc. closed the sale of a 0.6875 per cent working interest in the company’s production, wells, lands and facilities for cash of $437,500.
April 28, 2021, 4:32 PM MDT
April 28, 2021, 12 AM MDT
PDC Energy Inc.’s $1.7 billion acquisition of SRC Energy Inc. was the single-most ‘transformational’ deal last year for any oil, liquids or oilsands portfolio in North America, based on new data from Evaluate Energy.
April 27, 2021, 7:26 AM MDT
AltaGas Ltd. sold its U.S. transportation and storage business to an entity owned by Six One Commodities LLC and Vega Energy Partners, Ltd. for total cash proceeds of $344 million (US$275 million).
April 26, 2021, 12 AM MDT
April 19, 2021, 6:45 AM MDT
Avanti Energy Inc. has entered into a letter of intent (LOI) with a group of private land holders to acquire the helium rights on approximately 12,000 acres of prospective land in North-Central Montana.
April 16, 2021, 6:41 AM MDT
Russel Metals Inc. has entered into an agreement with Marubeni-Itochu Tubulars America Inc. (MITI), whereby Russel Metals and MITI will combine their respective Canadian OCTG/line pipe businesses.
April 14, 2021, 3:15 PM MDT
Tamarack Valley Energy Ltd. is acquiring Anegada Oil Corp., a privately held pure play Charlie Lake light-oil producer, for total net consideration of $494 million, after deducting the proceeds from the sale of a two per cent newly created gross overriding royalty (GORR) on the acquired assets.
April 12, 2021, 5:41 AM MDT
Tamarack Valley Energy Ltd. will look for further opportunities to consolidate Charlie Lake assets, following the acquisition of Anegada Oil Corp. that was announced this morning.
April 12, 2021, 10:28 AM MDT
Topaz Energy Corp. has entered into a non-binding agreement with Tamarack Valley Energy Ltd. for the purchase of a newly created gross overriding royalty interest in the Peace River High area of Alberta for total purchase consideration of $32 million.
April 12, 2021, 6:36 AM MDT
On March 11, 2021, GS E&R Canada Inc. (“GSER” or the “Company”) filed a Notice of Intention to Make a Proposal (the “NOI”) pursuant to subsection 50.4(1) of the Bankruptcy and Insolvency Act, R.S.C., 1985, c. B-3 (the “BIA”) with the Office of the Superintendent of Bankruptcy. MNP Ltd. consented to act as trustee under the NOI (the “Proposal Trustee”).
April 12, 2021, 8:43 AM MDT
A material increase in counterparty credit exposure is one benefit for midstream companies from consolidation in the upstream oil and gas space, says James Harbilas, executive vice-president and chief financial officer, AltaGas Ltd.
April 8, 2021, 6:23 AM MDT
Despite a recent strong uptick in merger and acquisition (M&A) activity, neither Peyto Exploration & Development Corp. nor Birchcliff Energy Ltd. are currently looking to enter the fray in a big way, the 2021 Scotiabank-Canadian Association of Petroleum Producers (CAPP) Energy Symposium heard Wednesday.
April 8, 2021, 10:21 AM MDT
Enerplus Corporation is acquiring assets in the Williston Basin from Hess Corporation for cash consideration of US$312 million.
April 8, 2021, 6:44 AM MDT
Following its asset acquisition in the Williston Basin announced this morning, Enerplus Corporation will increase its capital spending outlook for 2021.
April 8, 2021, 6:53 AM MDT
Conventional oil operators are laser focused on returns on capital employed and increasing free cash flow as the COVID-19 pandemic recedes and commodity prices stabilize, three sector leaders told the Scotiabank-Canadian Association of Petroleum Producers (CAPP) Energy Symposium this week.
April 8, 2021, 9:19 AM MDT
Crescent Point Energy Corp. plans to drill its first Duvernay wells this summer, as the company starts the process of applying its operational execution and continuous improvement practices to the play.
April 7, 2021, 10:40 AM MDT
April 7, 2021, 8:10 AM MDT
Osum Oil Sands Corp. has entered into an amalgamation agreement with WEF Osum Acquisition Corp. (WOAC).
April 6, 2021, 1:58 PM MDT
McIntyre Partners and Griffon Partners announced the acquisition of Greenfire Hangingstone Operating Corporation’s oilsands assets in Canada.
April 6, 2021, 8:56 AM MDT
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