The dust has settled on acquisitions, and the leading players have publicized five-year plans that demonstrate a commitment to increasing production from Canada’s premier shale plays.
Crescent Point is extending its premium drilling inventory in the Alberta, Canada, Montney Shale with a roughly US$1.86 billion (CA$2.55 billion) acquisition of Hammerhead Energy.
The largely untapped potential of Canadian shale is a draw for investors.
Ovintiv President and CEO Brendan McCracken has beefed up the E&P’s portfolio with a major acquisition in the Permian and added exposure to the lucrative Canadian LNG market.
Ovintiv President and CEO Brendan McCracken has beefed up the E&P’s portfolio with a major acquisition in the Permian and added exposure to the lucrative Canadian LNG market.
The cost of supply for North American shale producers is expected to continue rising, according to a recent analysis by Enverus Intelligence Research.
Murphy Oil sold non-core assets in western Canada for $104 million in cash, with proceeds earmarked for new development in Africa and Asia.
Baytex Energy Corp.’s board of directors has declared a quarterly cash dividend amounting to CA$0.0225 per share, payable on Oct. 2.
Here’s a snapshot of recent energy deals, including Matador Resources' $1.6 billion acquisition of Midland Basin E&P Advance Energy Partners and Kimbell Royalty Partners deal to bolt-on more Northern Midland Basin acreage.
Also in this week's A&D Minute, Crescent Point Energy is acquiring Spartan Delta's Montney assets for $1.28 billion.