Obsidian Energy Ltd.’s 1P and 2P reserves climbed year-over-year, despite a challenging year.
February 18, 2021, 12 AM MST
Bonterra Energy Corp. laid out a fully-funded 2021 capital budget of $65–$75 million.
February 16, 2021, 3:52 PM MST
PrairieSky Royalty Ltd. is acquiring a large royalty portfolio, which will consolidate a significant fee mineral title position in Western Canada.
February 8, 2021, 2:43 PM MST
Obsidian Energy Ltd. has extended its syndicated credit facility to Feb. 26, 2021.
January 28, 2021, 12 AM 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
TransGlobe Energy Corporation is preparing to stimulate and equip the two-mile horizontal well drilled but not completed as part of the company’s 2020 Cardium drilling program in South Harmattan.
January 22, 2021, 9:37 AM MST
Petrus Resources Ltd.’s board of directors has approved a first quarter 2021 capital budget of $9 million to drill three (2.1 net) Cardium wells in the Ferrier area.
January 12, 2021, 3:12 PM MST
Spartan Delta Corp. firmed up its capital spending guidance for 2021 to $43 million from a previous range of $40 million-$43 million.
January 6, 2021, 6:09 AM MST
John H. Van de Pol intends to step down as president and CEO of Briko Energy Corp. effective March 15, 2021 but will continue to remain as a member of the board.
January 6, 2021, 3:31 PM MST
Obsidian Energy Ltd. outlined first half 2021 capital spending plans of $35 million plus $5 million in decommissioning expenditures.
January 5, 2021, 5:27 AM MST
Whitecap Resources Inc. completed the previously announced strategic combination with NAL Resources Limited.
January 4, 2021, 2:56 PM MST
Bonterra Energy Corp. reported a successful and efficient Q3/Q4 2020 drilling program, which has and will continue to be funded, in part, by the Business Development Bank of Canada (BDC) commitment.
December 23, 2020, 12 AM MST
Obsidian Energy Ltd. will increase its 2020 capital program by $3.2 million to begin drilling activity on the first pad within its Central Alberta Willesden Green asset.
November 30, 2020, 10 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
While specifics of its 2021 budget are not yet finalized, Peyto Exploration & Development Corp.’s president and CEO says the company is currently considering a 2021 capital program of $300-$350 million which would be funded entirely from free cash flow.
November 12, 2020, 10:47 AM MST
Obsidian Energy Ltd. says it benefited from the success of its development program earlier in the year and its lower cost structure in the third quarter of 2020 which more than offset the impact of lower commodity prices, year-over-year.
November 3, 2020, 8:38 AM MST
InPlay Oil Corp. recently closed a strategic Cardium asset acquisition in its Pembina area of operations for $1.9 million (net of adjustments).
November 2, 2020, 6:25 AM MST
In Canada, the most active drilling rigs belong to just five drilling companies, says Kevin Neveu, president and chief executive officer of Precision Drilling Corporation. Therefore, when rationalization occurs in this segment of the energy sector, it will start with smaller companies cannibalizing rigs that are non-marketable.
October 23, 2020, 7:16 AM MDT
Bonterra Energy Corp.’s board of directors says that Obsidian Energy Ltd.’s bid to acquire Bonterra significantly undervalues the common shares of the company and is not in the best interests of Bonterra, the holders of its common shares or its other stakeholders.
October 6, 2020, 6:11 AM MDT
Bonterra Energy Corp. has received a reserve-based lending commitment from Export Development Canada (EDC) of up to $38.4 million.
October 5, 2020, 5:21 AM MDT
Obsidian Energy Ltd. has formally launched its offer to purchase all of the issued and outstanding common shares of Bonterra Energy Corp. for consideration consisting of two common shares of Obsidian for each Bonterra share tendered.
September 21, 2020, 6:25 AM MDT
Bonterra Energy Corp. has received the unsolicited offer from Obsidian Energy Ltd. to purchase all the issued and outstanding common shares of Bonterra.
September 21, 2020, 4:27 PM MDT
Obsidian Energy Ltd. today announced it intends to make an offer to purchase all of the issued and outstanding common shares in the capital of Bonterra Energy Corp. for consideration consisting of two common shares of Obsidian for each Bonterra share.
September 8, 2020, 6:43 AM MDT
Bonterra Energy Corp. said it “remains aware” of Obsidian Energy Ltd.’s interest in a potential deal between the two companies, but the company will not comment further on the public letter issued by Obsidian on Monday.
September 1, 2020, 12 AM MDT
Obsidian Energy Ltd. sent a letter to Bonterra Energy Corp. proposing a combination transaction that would be expected to result in significant cost synergies and drive substantial accretion across all financial metrics for both Obsidian Energy and Bonterra.
August 31, 2020, 4:27 AM MDT