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.
Whitecap Sells Stakes in Gas Processing Plants in Two Deals
In separate deals, WhiteCap Resources sold gas processing assets to Topaz Energy and Pembina Pipeline—a move that strengthens Pembina’s Western Alberta position, an analyst said.
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.
Crescent Point Divests Non-core Saskatchewan Assets to Saturn Oil & Gas
Crescent Point Energy is divesting non-core assets to boost its portfolio for long-term sustainability and repay debt.
Analyst: Chevron Duvernay Shale Assets May Sell in $900MM Range
E&Ps are turning north toward Canadian shale plays as Lower 48 M&A opportunities shrink, and Chevron aims to monetize its footprint in Alberta’s Duvernay play.
Chevron's Duvernay Sale Seen Attracting Mid-sized Canadian Shale Operators
As Chevron Corp. markets its Duvernay shale assets, the U.S. oil major is most likely to find a buyer among a handful of mid-sized Canadian firms looking to capitalize on the region.
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.
Flurry of Deals from Canada to the Permian Basin Close Out 2023
Several Canadian E&Ps are adding scale and undrilled inventory in prolific resource plays in Alberta, while in the Permian Basin, Ring Energy finalized an acquisition in the Central Basin Platform.
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.
Cheaper Canadian Oil, Gas Valuations Lure Potential US Buyers North
The largely untapped potential of Canadian shale is a draw for investors.