The number of distressed Canadian exploration and production companies entering into a strategic alternatives process is likely to continue to rise as the COVID-19 pandemic’s devastating impact on market conditions continues to reverberate and survival mode takes hold.
June 18, 2020, 8:50 AM MDT
The British Columbia Oil and Gas Commission has designated 401 wells and three facilities previously owned by Ranch Energy Corporation as orphans, following Court of Queen’s Bench of Alberta approval of the sale of company assets.
June 18, 2020, 9:25 AM MDT
The number of active drilling rigs in Western Canada increased by one today compared to Wednesday, as reported by Rig Locator.
June 18, 2020, 11:43 AM MDT
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June 18, 2020, 7:16 AM MDT
For years, Calgary companies had access to all the business they wanted with a booming economy right in their backyard. But times have changed and these days finding opportunities often means seeking out new markets.
June 18, 2020, 6:44 AM MDT
If there was an area of the Western Canadian Sedimentary Basin (WCSB) where a Calgary-based oil and gas company could sell its gas production for triple what it can fetch now, and its oil production for as much as double, it’s not hard to imagine there would be a line-up of companies wanting to go there.
June 18, 2020, 6:45 AM MDT
June 18, 2020, 5:49 AM MDT
June 18, 2020, 10:58 AM MDT
New data from a dense array of sensors to monitor ground motion (seismicity) in British Columbia's Northeast Region is now available for download through a major international seismicity database.
June 18, 2020, 10:40 AM MDT
June 18, 2020, 10:52 AM MDT
Tidewater Midstream and Infrastructure Ltd. announces that, with its partner TransAlta Corporation, it has entered into a definitive purchase and sale agreement with respect to the previously announced sale of the Pioneer Pipeline to NOVA Gas Transmission Ltd., a wholly-owned subsidiary of TC Energy Corporation, for total cash consideration of $255 million.
June 18, 2020, 9:42 AM MDT
Recover Energy Services Inc. has closed a private placement financing with Azimuth Capital Management and BDC’s Cleantech Practice, to help the environmental clean technology company pursue U.S. expansion of its commercial technology.
June 18, 2020, 9:59 AM MDT
Susan M. MacKenzie has joined MEG Energy Corp.’s board of directors.
June 18, 2020, 8:35 AM MDT
Toscana Energy Income Corporation announces it is postponing its Q1 2020 financial filings to to June 26, 2020.
June 18, 2020, 11:02 AM MDT
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June 18, 2020, 11:08 AM MDT