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
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
While Whitecap Resources Inc. has pulled the trigger on a number of merger and acquisition transactions over the past 18 months, current market conditions might make it difficult to enact more deals, says president and CEO Grant Fagerheim.
April 28, 2022, 3:01 PM MDT
A recent trend we have witnessed in the Canadian oil and natural gas industry is the return of the SpinCo structure as part of a transaction involving the sale of all of the issued and outstanding shares of an oil and natural gas company.
April 27, 2022, 6 AM MDT
Agreeing on M&A deals has proven to be difficult for E&P companies in early 2022.
April 27, 2022, 6 AM MDT
Tamarack Valley Energy Ltd. has entered into a definitive agreement to acquire Rolling Hills Energy Ltd., a privately held pure play Clearwater oil producer, for total consideration of $93.0 million.
April 21, 2022, 6 AM MDT
Replicating a deal similar to last year’s Seven Generations Energy Ltd. purchase would be “highly unlikely” in the current market environment, says Terry Anderson, president and chief executive officer, ARC Resources Ltd.
April 6, 2022, 8:42 AM MDT
The western Canadian oil and gas merger and acquisition (M&A) market is getting more competitive as higher commodity prices and improved balance sheets are changing the dynamics of deal-making, says Tamarack Valley Energy Ltd.’s president and CEO.
April 6, 2022, 1:33 PM MDT
A new pure-play Montney company, helmed by some members of the existing Leucrotta Exploration Inc. management team, emerged as part of a major acquisition by Vermilion Energy Inc.
April 4, 2022, 12 AM MDT
Journey Energy Inc. has closed the previously announced private company (PrivateCo) acquisition.
April 4, 2022, 3:41 PM MDT
The total enterprise value of merger and acquisition (“M&A”) transactions in the Canadian oil and natural gas industry, dropped 9 per cent in 2021 to $18.1 billion from $19.9 billion 2020.
March 30, 2022, 8:30 AM MDT
Vermilion Energy Inc.’s $477 million acquisition of Leucrotta Exploration Inc. and its Montney assets at Mica in northeast British Columbia “significantly enhances” the company’s “depth and quality of inventory” in North America, says Dion Hatcher, president.
March 28, 2022, 11:09 AM MDT
Vermilion Energy Inc. has entered into an arrangement agreement to acquire Leucrotta Exploration Inc. for a net cash purchase price of $477 million.
March 28, 2022, 4:05 AM MDT
Tenaz Energy Corp. outlined a vision to build a leading intermediate-size E&P by targeting high-quality assets in global markets to support a balanced growth-and-income capital markets model.
March 25, 2022, 12 AM MDT
Journey Energy Inc. entered into two definitive agreements, one for the acquisition of a private company, and the other for the acquisition of plant and gathering infrastructure.
March 24, 2022, 12 AM MDT
March 18, 2022, 10:31 AM MDT
Waterous Energy Fund (WEF) closed the amalgamation of Strathcona Resources Ltd., Caltex Resources Ltd. and the Tucker thermal oil property.
March 14, 2022, 5:28 AM MDT
Subsequent to year end 2021, Peyto Exploration & Development Corp. successfully negotiated and closed the purchase of a private junior producer in the Brazeau River area for $22 million.
March 9, 2022, 4:13 PM MST
March 7, 2022, 5:40 AM MST
Petrus Resources Ltd. is acquiring a privately owned limited partnership and its general partner for total consideration of approximately $14.4 million.
March 2, 2022, 12 AM MST
After going on a $2 billion acquisition spree over the past year-and-a-half, Whitecap Resources Inc. may not be done as the company continues to evaluate the merger and acquisition market and could pursue more deals, the company’s Q4 and year-end 2021 conference call heard Thursday.
February 25, 2022, 12 AM MST
Global upstream deal values within oil and gas returned to pre-pandemic levels in 2021, while the largest volume of production changed hands in more than a decade, according to new data from Evaluate Energy.
February 10, 2022, 6 AM MST
February 9, 2022, 12 AM MST
Tamarack Valley Energy Ltd. executed a capital program of $41.7 million for the fourth quarter and a total of $191.2 million for 2021.
January 31, 2022, 6:50 AM MST
January 31, 2022, 9:10 AM MST
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