The total enterprise value of merger and acquisition (“M&A”) transactions in the Canadian oil and natural gas industry dropped 15 per cent in 2022 to $15.5 billion, from $18.1 billion 2021.
March 29, 2023, 6 AM MDT
Energy Auctions & Brokerage Inc. is very excited to announce Crude Master Transport Inc. is acquiring the complete assets/shares of Excel Oil & Water Hauling Ltd.
March 28, 2023, 6 AM MDT
March 28, 2023, 6 AM MDT
March 27, 2023, 6:11 AM MDT
March 23, 2023, 10:20 AM MDT
International M&A will continue to be the top priority for Tenaz Energy Corp.
March 22, 2023, 6:07 AM MDT
March 16, 2023, 10:45 AM MDT
SECURE Energy Services Inc. announced that the Competition Tribunal issued its decision in connection with SECURE's merger with Tervita Corporation.
March 6, 2023, 12 AM MST
Baytex Energy Corp.’s US$2.5-billion take-over of Eagle Ford shale developer Ranger Oil Corporation provides the company with a new growth platform and the scale and optionality to shift capital investment to areas with the highest returns, Baytex president and chief executive officer Eric Greager said in a conference call with analysts.
February 28, 2023, 9:06 AM MST
Baytex Energy Corp. has entered into a definitive agreement to acquire Ranger Oil Corporation, a pure play Eagle Ford company.
February 28, 2023, 4:16 AM MST
Saturn Oil & Gas Inc. has successfully completed the previously announced acquisition of Ridgeback Resources Inc. for a transaction value of approximately $516 million.
February 28, 2023, 4:31 PM MST
Four months into his tenure as the president and CEO of Baytex Energy Corp., Eric Greager says he’s gotten the lay of the land and developed a strong sense of what the path forward will be for the oil-weighted producer under his leadership.
February 27, 2023, 9:17 AM MST
February 27, 2023, 12 AM MST
February 27, 2023, 7:27 AM MST
Hammerhead Resources Inc. has completed its previously announced business combination with Decarbonization Plus Acquisition Corporation IV (DCRD).
February 23, 2023, 1:05 PM MST
Not too long after being appointed president and CEO of Cenovus Energy Inc. in the fall of 2017, Alex Pourbaix and his team identified what they considered a weak link in the company’s operations — a general lack of downstream integration that would help ease crude price and light-heavy differential volatility.
February 8, 2023, 12 AM MST
Private companies’ predominance in North American upstream M&A continued in Q4 2022 based on Evaluate Energy’s latest deal analysis.
February 7, 2023, 12 AM MST
International Petroleum Corporation (IPC) is acquiring Cor4 Oil Corp. in Canada for asset consideration of approximately US$62 million (C$84 million).
February 6, 2023, 12 AM MST
Blacksteel Energy Inc. has signed an agreement for the acquisition of all of the shares of Drakkar Energy Ltd. and has completed an additional tranche of its private placement financing of common and flow through shares.
February 3, 2023, 12 AM MST
Every January, Sayer Energy Advisors publishes its forecast for mergers and acquisitions (“M&A”) activity in the Canadian upstream oil and natural gas industry for the upcoming year.
January 25, 2023, 6 AM MST
Saturn Oil & Gas Inc.’s $525-million acquisition of Ridgeback Resources Inc. adds two mature tight oil plays in the Bakken and Cardium to its rapidly growing asset base, which the company says will provide long-term steady production and free cash flow once debt is paid down.
January 24, 2023, 10:29 AM MST
Saturn Oil & Gas Inc. entered into an arm’s-length arrangement agreement to acquire Ridgeback Resources Inc., a private producer focused on light oil in Saskatchewan and Alberta, for a transaction value of $525 million.
January 20, 2023, 6 PM MST
Tenaz Energy Corp. has closed the acquisition of 100 per cent of the issued and outstanding shares of a private company with Netherlands upstream and midstream assets.
December 20, 2022, 1:26 PM MST
Greenfire Resources Inc. and M3-Brigade Acquisition III Corp. (MBSC) have entered into a definitive agreement for a business combination that values Greenfire at US$950 million.
December 15, 2022, 6:56 AM MST
Lycos Energy Inc. announced the completion of the previously announced business combination between Samoth Oilfield Inc., Chronos Resources Ltd. and 2470638 Alberta Ltd.
December 13, 2022, 12 AM MST