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 27, 2021, 7:54 AM MST
Deals in the United States and Canada were responsible for around 84% of the $93 billion in upstream deals agreed worldwide in Q4 2020, according to the latest data from Evaluate Energy.
January 26, 2021, 8:13 AM MST
Enerplus Corporation is acquiring all of the shares of Bruin E&P HoldCo, LLC, a pure play Williston Basin private company, for total cash consideration of US$465 million.
January 25, 2021, 2:47 PM MST
Enerplus Corporation’s planned capital spending for 2021 is $335 to $385 million, assuming completion of the Bruin E&P HoldCo, LLC acquisition announced on Monday.
January 25, 2021, 3:08 PM MST
Obsidian Energy Ltd. has again extended the expiry of its offer to purchase all of the issued and outstanding common shares of Bonterra Energy Corp. until 5 p.m. (Mountain) on March 29, 2021.
January 25, 2021, 5:40 AM MST
January 12, 2021, 11:18 AM MST
Bonterra Energy Corp. says it has “carefully reviewed” the notice of extension, variation and change filed by Obsidian Energy Ltd. for the unsolicited bid to acquire all of the issued and outstanding common shares of Bonterra in exchange for shares of Obsidian, and continues to strongly recommend that Bonterra shareholders take no action and reject the hostile bid by not tendering their shares.
January 11, 2021, 7:22 AM MST
Whitecap Resources Inc. completed the previously announced strategic combination with NAL Resources Limited.
January 4, 2021, 2:56 PM MST
Cenovus Energy Inc.’s strategic combination with Husky Energy Inc. has closed.
January 4, 2021, 10:59 AM MST
December 31, 2020, 11:16 AM MST
Devon Energy Corporation and WPX Energy, Inc. said Wednesday that the shareholders of both companies voted in favour of all proposals necessary for the closing of the previously announced all-stock merger of equals between Devon and WPX.
December 31, 2020, 10:46 AM MST
With pandemic-associated setbacks and a drop in global crude prices, 2020 was certainly “a very challenging year” for Newfoundland and Labrador’s offshore energy sector, says Paul Barnes, director of Atlantic Canada and the Arctic for the Canadian Association of Petroleum Producers (CAPP).
December 24, 2020, 12 AM MST
Bonterra Energy Corp. is continuing to urge its shareholders to reject the offer from Obsidian Energy Ltd.
December 23, 2020, 12 AM MST
December 22, 2020, 8:05 AM MST
Obsidian Energy Ltd. extended its offer to purchase all of the issued and outstanding common shares of Bonterra Energy Corp.
December 21, 2020, 9:27 AM MST
The merger of Cenovus Energy Inc. and Husky Energy Inc. has received all of the key regulatory approvals.
December 21, 2020, 9:22 AM MST
Tourmaline Oil Corp. completed its previously announced acquisition of Jupiter Resources Inc. whereby it acquired all of the issued and outstanding shares of Jupiter for total consideration of approximately $630 million.
December 21, 2020, 6 AM MST
The Court of Queen’s Bench of Alberta has approved the merger of Cenovus Energy Inc. and Husky Energy Inc.
December 17, 2020, 7:49 AM MST
December 15, 2020, 11:09 AM MST
TC Energy Corporation will acquire all the outstanding common units of TC PipeLines, LP not beneficially owned by TC Energy or its affiliates in exchange for TC Energy common shares.
December 15, 2020, 7:11 AM MST
Tervita Corporation acquired the operating assets of Main Line Industries Ltd., a specialty contractor primarily servicing the rail services, excavation and pipe jacking industries located near Winnipeg.
December 14, 2020, 3:04 PM MST
December 14, 2020, 8:23 AM MST
The long-term demand for oil and gas is not going to match the available discovered and prospective oil and gas resources, which means companies that want to be a part of the low-carbon energy future must ensure their bbls deserve to get developed, says April Read, senior analyst, Canada upstream research, Wood Mackenzie Ltd.
December 11, 2020, 7:59 AM MST
The $900 million stock and debt deal between Whitecap Resources Inc. and TORC Oil & Gas Ltd. announced Tuesday will give the combined entity the size and scale to navigate volatile industry conditions and thrive moving forward, says the top executive of the merged company.
December 8, 2020, 5:26 PM MST
geoLOGIC systems ltd. announced the acquisition of SubsurfaceIO (SSIO)
December 8, 2020, 9:47 AM MST
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