Cardium

Unconventional , Policy & Regulations

Alberta's Well Clean-Up Plan Puts Pressure On Small Producers

Consulting firm Deloitte has warned that a third of oil and gas producers could go bankrupt this year, prompting some observers to voice concerns the program may not have enough funds to cover the clean-up costs of the wells currently on the OWA's books.

April 6, 2016

Business , Unconventional , Crude Oil , Technology

Bank Of Canada: Oil Shock Recovery Will Take More Than Two Years

Deputy Governor Lynn Patterson said a simulation run by the bank suggested it would be several years before the economy found a new balance.

March 31, 2016

Company Profiles , Unconventional , Acquisitions & Divestitures , Lease Sales

Penn West Will Sell Slave Point Properties In Northern Alberta For CA$148 Million In Cash

Other noncore asset sales are expected to close by the end of the second quarter. Penn West's asset disposition program has now raised more than CA$1 billion in cash proceeds since the beginning of 2015.

March 21, 2016

Acreage Maps , Unconventional

Cardium Gross Acreage Map

View Large MapCompanyNet AcreagePennWest Exploration665,000ConocoPhillips569,600ExxonMobil/Imperial/Rosneft235,000Talisman Energy230,000All Top Acreage Holders

January 29, 2016

Business , Unconventional , Acquisitions & Divestitures , Mergers

Neither Here Nor There: Deals To Rise In 2016, Regardless Of Oil Price

Wood Mackenzie predicts the oil market will continue to tighten in 2016, eventually boosting prices in the second half and leading to a pickup in M&A activity.

January 8, 2016

Unconventional , Acquisitions & Divestitures

Canadian Natural To Sell Royalty Assets For C$1.8 Billion

The deal, which involves assets spanning about 5.4 million acres in Western Canada and representing about 6,700 barrels of oil equivalent per day.

November 9, 2015

Company Profiles , Unconventional , Acquisitions & Divestitures

Penn West Says Asset Sales Will Help Maintain Debt Covenant

Penn West amended some of its debt covenants earlier in the year after it had trouble meeting some terms related to its cash flow.

November 5, 2015

Unconventional , Acquisitions & Divestitures , Mergers

Poland’s PKN Orlen Gains North American Foothold

Through its latest takeovers the company will not only add to its holdings in Canada, but also add U.S. producing assets and establish an E&P position on its home turf in Poland.

October 13, 2015

Company Profiles , Unconventional , Acquisitions & Divestitures

Pengrowth Will Sell Bodo Property In Alberta

Bodo produced about 2,700 barrels of oil equivalent per day, 87% liquids, on average year-to-date, which ended Aug. 31. The property will sell for CA$95 million.

October 6, 2015

Company Profiles , People , Unconventional

Gilbert Appointed To Whitecap’s Board Of Directors

Daryl H. Gilbert will also serve on corporate governance and compensation committee and will chair the HSE committee. Gilbert is currently a managing director of private-equity firm JOG Capital Inc.

July 14, 2015