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.

February 11, 2021

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.

January 26, 2021

Infrastructure , Construction , Pipelines

Trans Mountain Pipeline Sees Fortunes Shine After KXL’s Demise

Investors say the pipeline is more valuable now.

January 25, 2021

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.

January 19, 2021

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.

January 18, 2021

Construction , Pipelines

TC Energy Launches Keystone Binding Open Season

Bids must be submitted by Feb. 19.

January 7, 2021

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.

January 7, 2021

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.

December 9, 2020

Infrastructure , Construction , Pipelines

Canadian Producers Protest Enbridge Mainline Tolling Plan

New agreement would reserve 90% of the system’s capacity for long-term contracts.

December 9, 2020

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.

December 9, 2020