Learn more about Hart Energy Conferences
Get our latest conference schedules, updates and insights straight to your inbox.
Enerplus Corp. closed the sale of its Canadian assets to Houston-based Surge Energy Inc., the company announced in a press release on Dec.19.
Previously announced on Nov. 2, the deal consideration at closing totaled CA$245 million (US$180 million) comprised of CA$210 million in cash and CA$35 million in common shares and includes Enerplus' ~3,000 boe/d assets located in Alberta and Saskatchewan.
RELATED
Enerplus to Focus on US Shale Following Canadian Divesture
The divesture marks Enerplus' exit from Canada, having already sold a portion of their assets to Journey Energy Inc. in a deal that closed on Oct. 31.
With its focus now solely on the U.S., the company plans to advance the development of its Bakken and Marcellus assets in North Dakota and northeast Pennsylvania.
Recommended Reading
SilverBow Rejects Kimmeridge’s Latest Offer, ‘Sets the Record Straight’
2024-03-28 - In a letter to SilverBow shareholders, the E&P said Kimmeridge’s offer “substantially undervalues SilverBow” and that Kimmeridge’s own South Texas gas asset values are “overstated.”
SM Energy Declares Quarterly Cash Dividend
2024-03-26 - SM Energy’s dividend will be paid out on May 3 to stockholders on record as of April 19.
Matador Stock Offering to Pay for New Permian A&D—Analyst
2024-03-26 - Matador Resources is offering more than 5 million shares of stock for proceeds of $347 million to pay for newly disclosed transactions in Texas and New Mexico.
Par Pacific Asset-based Revolving Credit Bumped Up by 55%
2024-03-25 - The amendment increases Par Pacific Holdings’ existing asset-based revolving credit facility to $1.4 billion from $900 million.
California Resources Corp. Nominates Christian Kendall to Board of Directors
2024-03-21 - California Resources Corp. has nominated Christian Kendall, former president and CEO of Denbury, to serve on its board.