Greenfire Resources Inc. has closed its business combination with M3-Brigade Acquisition III Corp.
September 21, 2023, 12 AM MDT
Pipestone Energy Corp. says that leading proxy advisory firms Institutional Shareholder Services (ISS) and Glass, Lewis & Co., LLC have both recommended that shareholders vote for the proposed arrangement with Strathcona Resources Ltd. that would see Pipestone acquired by Strathcona to create one of Canada’s largest energy producers.
September 18, 2023, 12 AM MDT
GMT Capital Corp. (GMT) intends to oppose and vote against the proposed acquisition of Pipestone Energy Corp. by Strathcona Resources Ltd.
September 15, 2023, 11:25 AM MDT
Lycos Energy Inc. is acquiring Durham Creek Exploration Ltd. (DCEL), a privately-held, arm's length, heavy oil producer for $22.5 million.
September 13, 2023, 2:45 PM MDT
Hillcore is pleased to announce that they have completed the acquisition of Whitewater Management Ltd and the company’s majority owned subsidiary Catalyst Production Systems.
September 8, 2023, 7:06 AM MDT
TARA Energy Services Inc. has acquired Lyons Production Services Ltd., in a move to strengthen its position in the market and foster innovation.
September 8, 2023, 9:10 AM MDT
Peyto Exploration & Development Corp. has entered into a partnership interest purchase agreement to acquire Repsol Canada Energy Partnership.
September 6, 2023, 3:07 PM MDT
Peyto Exploration & Development Corp. has been developing its lands in the Greater Sundance Area, immediately surrounding and adjacent to the acquired lands, for 25 years and has drilled over 1,500 wells in the area.
September 6, 2023, 3:28 PM MDT
Persist Oil and Gas, Inc. and Dienerian Resources Inc. have entered into a definitive agreement to merge in an all-stock transaction.
September 6, 2023, 5:49 AM MDT
August 30, 2023, 10:11 AM MDT
Pipestone Energy Corp. and Strathcona Resources Ltd. have obtained an interim order of the Court of King’s Bench on Aug. 25, and Pipestone has filed a management information circular dated Aug. 25, as well as related meeting and proxy materials in connection with the proposed arrangement under the Business Corporations Act (Alberta).
August 28, 2023, 9:19 AM MDT
August 22, 2023, 12 AM MDT
August 21, 2023, 8:12 AM MDT
A rush of dealmaking in the Permian basin in the last year-and-a-half has resulted in private operators cashing in and while the acquirers consolidated assets, it makes further acquisitions a challenge, Diamondback Energy, Inc. chief executive officer Travis Stice said at the company’s second quarter 2023 conference call.
August 17, 2023, 10:53 AM MDT
Exxon Mobil Corporation is looking for M&A opportunities that leverage or extend its own technologies or skillsets to build out its Low Carbon Solutions business, chief executive officer Darren Woods said during a brief update on M&A during the company’s second quarter conference call.
August 11, 2023, 10:35 AM MDT
Adam Waterous, the executive chair of Strathcona Resources Ltd. and CEO of Waterous Energy Fund (WEF), described the company’s “guiding principles” following the announced acquisition of Pipestone Energy Corp.
August 1, 2023, 9:20 AM MDT
Strathcona Resources Ltd. will acquire all of the issued and outstanding common shares of Pipestone Energy Corp. for 100 per cent share consideration.
August 1, 2023, 12 AM MDT
Deals announced today by Strathcona Resources Ltd. (click here for more detail) and Athabasca Oil Corporation (click here for more detail) entered to top 10 Canadian deals for 2023, ranked by acquisition cost.
August 1, 2023, 8 AM MDT
While relatively healthy in terms of the dollar figure, total western Canadian oil and gas sector merger and acquisition (M&A) activity in the first half of 2023 was largely dominated by two larger deals, say industry M&A analysts.
July 17, 2023, 7:44 AM MDT
Highwood Asset Management Ltd. announced that, in connection with its previously announced "best efforts" marketed offering of subscription receipts, it has entered into an agency agreement with a syndicate of agents led by RBC Dominion Securities Inc., Echelon Wealth Partners Inc. and Raymond James Ltd. sell 5,833,333 subscription receipts at a price of $6.00 per subscription receipt for gross proceeds to the Company of approximately $35 million.
July 11, 2023, 12 AM MDT
Evaluate Energy’s latest M&A review shows that upstream M&A activity hit $36 billion worldwide in Q2 2023 against a backdrop of falling commodity prices.
July 6, 2023, 6 AM MDT
High value corporate mergers in the global upstream sector are becoming increasingly cash based.
July 5, 2023, 12 AM MDT
Highwood Asset Management Ltd. announced arm's-length agreements to acquire Castlegate Energy Ltd., Boulder Energy Ltd. and Shale Petroleum Ltd. for a net purchase price of approximately $139 million.
July 5, 2023, 7:50 AM MDT
The highest value transaction to date, and making up the bulk of the total transaction value in the second quarter of 2023, is ConocoPhillips’ pending acquisition of the remaining 50 per cent interest in the Surmont oilsands project held by TotalEnergies EP Canada Ltd. for a cash payment of approximately $4.0 billion on closing and additional contingent payments of up to $440.0 million.
June 28, 2023, 6 AM MDT
June 23, 2023, 5:39 AM MDT
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