Canada
Public Capital , Exploration & Production , Shale Plays , Acquisitions & Divestitures , Mergers
ARC Resources to Buy Seven Generations in $2.2 Billion All-stock Deal
Following the acquisition of Seven Generations by ARC Resources, the combined company will become the biggest operator in western Canada’s premier Montney shale play.
Public Capital , Shale Plays
Denver-based Oil Producer Ovintiv Faces Proxy Fight from Kimmeridge
Earlier this month, Kimmeridge had urged Ovintiv to focus on capital allocation, management compensation issues and establishing environmental strategy.
Infrastructure , Construction , Pipelines
Trans Mountain Pipeline Sees Fortunes Shine After KXL’s Demise
Investors say the pipeline is more valuable now.
Infrastructure , Construction , Pipelines
Oil and Gas Industry Stung by Biden’s Blow Against KXL
Analysts wonder if the timing portends trouble for infrastructure projects by the oil and gas industry with the new administration.
Infrastructure , Construction
Biden May Cancel Keystone XL Pipeline Permit as soon as First Day
President-elect Joe Biden is planning to cancel the permit for the $9 billion Keystone XL pipeline project as one of his first acts in office, and perhaps as soon as his first day, according to a source familiar with his thinking.
Construction , Pipelines
TC Energy Launches Keystone Binding Open Season
Bids must be submitted by Feb. 19.
Infrastructure , Construction , Pipelines
Analysts: Army Corps’ New Stream Crossing Rules Could Hurt Pipes
Revisions make it easier for projects to move forward but could be reversed by the incoming Biden administration.
Acquisitions & Divestitures , Trends , Mergers
Energy A&D Transactions from the Week of Dec. 9, 2020
Here’s a snapshot of recent energy deals including the closing of the sale of bankrupt Permian Basin producer Lilis Energy to Ameredev plus a $430 million all-stock combination of Canadian producers.
Infrastructure , Construction , Pipelines
Canadian Producers Protest Enbridge Mainline Tolling Plan
New agreement would reserve 90% of the system’s capacity for long-term contracts.
Public Capital , Exploration & Production , Acquisitions & Divestitures , Mergers
Whitecap Resources to Buy TORC Oil & Gas in $430 Million All-stock Deal
Under the deal announced on Dec. 8, shareholders of TORC Oil & Gas will receive 0.57 Whitecap Resources shares in exchange for each TORC share, representing a discount of about 4.3% to the last closing price of TORC shares.