Tourmaline Brings on Crew Energy with Close of $950MM Deal

Tourmaline Oil is adding about 30,000 boe/d of Montney Shale production with its acquisition of Crew Energy.

October 7, 2024

With Montney Production Set to Grow, US E&Ps Seize Opportunities

Canada’s Montney Shale play has already attracted U.S. companies Ovintiv, Murphy and ConocoPhillips while others, including private equity firms, continue to weigh their options.

October 1, 2024

ARC Resources Divests Non-core, Non-Montney Assets

ARC Resources did not provide additional information on the divested assets, which the company said had results in proceeds of $59.2 million.

September 5, 2024

Tourmaline’s $950MM Crew Energy M&A Drills Deeper In Montney

Tourmaline Oil is adding high-quality drilling locations in Canada’s Montney Shale with the CA$1.3 billion (US$950 million) acquisition of Crew Energy Inc.

August 12, 2024

ConocoPhillips’ Blowout: Permian, Eagle Ford, Bakken Output Rises

ConocoPhillips reported a notable uplift in Eagle Ford Shale production during the second quarter, while volumes in the Permian, Bakken and Canada’s Montney Shale also grew.

August 1, 2024

Ovintiv to Boost 2024 Free Cash Flow to Nearly $2B

Ovintiv management reported its on track to generate $1.9 billion in 2024 free cash flow but skirted a question about the company’s possible pursuit of Midland Basin E&P Double Eagle.

August 1, 2024

Montney Pure-play Advantage Energy Makes $326MM Acquisition

Calgary-based Advantage Energy is acquiring undeveloped inventory and around 14,100 boe/d of production in a CAD$450 million (USD$326.77 million) deal with a private seller.

June 11, 2024

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

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

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