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.
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.
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.
Acreage Maps , Unconventional
Cardium Gross Acreage Map
View Large MapCompanyNet AcreagePennWest Exploration665,000ConocoPhillips569,600ExxonMobil/Imperial/Rosneft235,000Talisman Energy230,000All Top Acreage Holders
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.
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.
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.
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.
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.
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.