Canada

Shale Plays , Natural Gas liquids (NGL) , Natural Gas , Crude Oil , Acquisitions & Divestitures

Analyst: Chevron Duvernay Shale Assets May Sell in $900MM Range

E&Ps are turning north toward Canadian shale plays as Lower 48 M&A opportunities shrink, and Chevron aims to monetize its footprint in Alberta’s Duvernay play.

January 29, 2024

Shale Plays , Trends

Chevron's Duvernay Sale Seen Attracting Mid-sized Canadian Shale Operators

As Chevron Corp. markets its Duvernay shale assets, the U.S. oil major is most likely to find a buyer among a handful of mid-sized Canadian firms looking to capitalize on the region.  

January 25, 2024

Shale Plays , Rig Counts , Trends

Production from Canada’s Montney, Duvernay Gains Momentum

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.

January 5, 2024

Acquisitions & Divestitures

Flurry of Deals from Canada to the Permian Basin Close Out 2023

Several Canadian E&Ps are adding scale and undrilled inventory in prolific resource plays in Alberta, while in the Permian Basin, Ring Energy finalized an acquisition in the Central Basin Platform.

December 21, 2023

Acquisitions & Divestitures

Crescent Point Buying Alberta Montney E&P in $1.86 Billion Deal

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.

November 6, 2023

Shale Plays , Exploration & Production , Crude Oil , Natural Gas , Investment , International

Cheaper Canadian Oil, Gas Valuations Lure Potential US Buyers North

The largely untapped potential of Canadian shale is a draw for investors.

November 3, 2023

Liquefied Natural Gas (LNG) , Exploration & Production , Mergers , Natural Gas

Ovintiv CEO McCracken: Magnifying Margins

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.

October 2, 2023

Exploration & Production , People , Liquefied Natural Gas (LNG) , Acquisitions & Divestitures , The OGInterview

The OGInterview: Ovintiv Magnifies Margins [WATCH]

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.

October 2, 2023

Shale Plays

Analysts: Top-Tier Drilling Inventory Shrinking as Well Costs Rise

The cost of supply for North American shale producers is expected to continue rising, according to a recent analysis by Enverus Intelligence Research.

September 27, 2023

Acquisitions & Divestitures

Murphy Oil Closes $104MM Divestiture of Non-Core Canada Assets

Murphy Oil sold non-core assets in western Canada for $104 million in cash, with proceeds earmarked for new development in Africa and Asia.

September 18, 2023