November 26, 2020, 12 AM MST
AltaGas Ltd. has agreed to issue $500 million of senior unsecured medium term notes with a coupon rate of 2.075 per cent, maturing on May 30, 2028 and $200 million of senior unsecured medium term notes with a coupon rate of 2.477 per cent, maturing on Nov. 30, 2030.
November 26, 2020, 11:01 AM MST
Cardinal Energy Ltd. has agreed to a term sheet reflecting extensive discussions with certain existing and new lenders that would provide the company with longer term certainty around its credit facility.
November 25, 2020, 7:36 AM MST
Birchcliff Energy Ltd. has received Toronto Stock Exchange (TSX) approval for its normal course issuer bid (NCIB).
November 19, 2020, 12 AM MST
Surge Energy Inc. has executed definitive agreements with the Business Development Bank of Canada (BDC), in partnership with the company's syndicate of lenders, for a non-revolving facility of $40 million, providing attractive interest rates over a four-year term.
November 18, 2020, 12 AM MST
November 17, 2020, 8:01 AM MST
Bonterra Energy Corp. completed definitive documentation to successfully obtain financing required to implement its go-forward strategic plan, which is expected to grow production by more than 30 per cent and return the company's average annual production to pre-COVID levels of approximately 13,000 boe/d in 2021.
November 16, 2020, 12 AM MST
The fourth quarter of 2020 includes a planned development capital program by InPlay Oil Corp. that begins with the drilling of three 100 per cent working interest ERH Cardium wells in Willesden Green and construction of the associated required infrastructure.
November 13, 2020, 5:32 AM MST
Canadian Spirit Resources Inc. has closed its previously announced non-brokered private placement offering and issued 20 million units of the company at a price of five cents per unit, for aggregate gross proceeds of $1 million.
November 10, 2020, 4:27 AM MST
Topaz Energy Corp. reported that the over-allotment option granted to underwriters related to its IPO to purchase up to an additional 2,509,650 common shares at a price of $13 per common was exercised in full, generating additional gross proceeds to the company of $32,625,450.
November 9, 2020, 12 AM MST
Crew Energy Inc. announced the second of two closings of its strategic transaction with a third party midstream company.
November 5, 2020, 3:41 PM MST
In a very tough market for oilfield service providers, Calgary-based NCS Multistage Holdings Inc. reported a net loss of $5.86 million in the third quarter of 2020, compared to a gain of $3.62 million last year in the quarter.
November 5, 2020, 8:13 AM MST
Surge Energy Inc. and its service providers submitted more than 1,700 applications under the Government of Alberta's Site Rehabilitation Program (SRP) to abandon and reclaim well bores, pipelines and well sites.
November 4, 2020, 12 AM MST
Canadian Spirit Resources Inc. has revised the terms of its previously announced non-brokered private placement offering of units to up to $1.6 million by amending the terms of the units such that each unit will now consist of one common share in the capital of the company and one common share purchase warrant.
November 4, 2020, 6:51 AM MST
Calfrac Well Services Ltd. has obtained a final order from the Court of Queen’s Bench of Alberta approving its plan of arrangement under the Canada Business Corporations Act.
November 2, 2020, 6 AM MST
Highwood Oil Company Ltd. announced amendments to its reserve-based credit facility.
November 2, 2020, 4:31 PM MST
Cardinal Energy Ltd. has received approval to extend the revolving period applicable to the company's existing reserves-based credit facility to Nov. 30, 2020.
November 2, 2020, 6 AM MST
Journey Energy Inc. closed an agreement to settle its syndicated bank borrowings.
November 2, 2020, 12 AM MST
The revolving credit period on Perpetual Energy Inc.’s credit facility has been extended to Nov. 30, 2020 and the $20 million borrowing limit has been maintained.
November 2, 2020, 6:28 AM MST
Bonterra Energy Corp. has received approval from its syndicate of lenders for the Export Development Canada (EDC) and Business Development Bank of Canada (BDC) programs and to extend the revolving period applicable to its credit facility to Nov. 13, 2020 from Oct. 30.
November 2, 2020, 6:34 AM MST
October 30, 2020, 7:52 AM MDT
Calgary-based utility and midstream company AltaGas Ltd. will consider becoming two separate entities in the future, with a midstream company and a utility, according to its CEO and president.
October 29, 2020, 8:53 AM MDT
Obsidian Energy Ltd. has received an extension to its syndicated credit facility to Jan. 29, 2021.
October 29, 2020, 8:21 PM MDT
Precision Drilling Corporation is proceeding with a 20:1 consolidation of its common shares.
October 29, 2020, 7:21 AM MDT
To date in 2020, Hemisphere Energy Corporation has paid down 20 per cent of its loan, or US$5.25 million.
October 28, 2020, 8:17 AM MDT