01 September

OKOTOKS, AB, Sept. 1, 2020 /PRNewswire/ – (TSX: MTL) Mullen Group Ltd. (" Mullen Group ", " We ", " Our " and/or the " Corporation ") is pleased to announce that it has acquired the remaining 60.0 percent of the shares of Pacific Coast Express Limited (" PCX ") that the Corporation did not […]

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01 September

CALGARY, AB – Crescent Point Energy Corp. (“Crescent Point” or the “Company”) (TSX: CPG) and (NYSE: CPG) is pleased to announce reactivation of economic volumes previously shut-in and provide revised 2020 guidance along with a preliminary outlook for 2021. KEY HIGHLIGHTS Reactivated shut-in volumes, resulting in second half 2020 production increasing by approximately 20 percent. […]

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01 September

CALGARY, AB – Bonterra Energy Corp. ( www.bonterraenergy.com ) (TSX: BNE) (“Bonterra” or the “Company”) announces it has received approval from its syndicate of lenders to extend the revolving period applicable to the Company’s existing credit facility to September 30, 2020 from August 31, 2020. The credit facility will continue to be available on a […]

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31 August

Situated in the middle of a farmer’s wheat field an oilfield pumpjack belonging to Whitecap Resources works away pumping crude oil, Gull Lake, Saskatchewan on Sunday, September 9, 2018. Whitecap Resources Inc. says it has struck an all-stock deal to buy private oil and gas producer NAL Resources Ltd. for the equivalent of about $155 […]

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31 August

(Reuters) – Canadian oil producer Whitecap Resources Inc ( WCP.TO ) said on Monday it would buy NAL Resources Ltd, owned by Manulife Financial Corp ( MFC.TO ), for C$155 million ($118.59 million) as it looks to boost its core Alberta and Saskatchewan assets. Whitecap said it would issue 58.3 million of its shares to […]

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31 August

CALGARY — Whitecap Resources Inc. says it has struck an all-stock deal to buy private oil and gas producer NAL Resources Ltd. for the equivalent of about $155 million. The Calgary-based company says it will issue 58.3 million shares to buy its crosstown rival from owner Manulife Financial Corp. Whitecap says NAL’s assets overlap with […]

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31 August

CALGARY, AB – OBSIDIAN ENERGY LTD. (TSX: OBE) (OTCQX: OBELF) (“Obsidian Energy”, “we”, or “our”) today announced that it has sent the following letter to Bonterra Energy Corp. (TSX: BNE) (“Bonterra”) proposing a combination transaction that would be expected to result in significant cost synergies and drive substantial accretion across all financial metrics for both […]

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29 August

Calgary Downtown skyline and Centre Street Bridge was photographed on Friday, July 10, 2020. Azin Ghaffari/Postmedia The throes of a “deteriorating” economy and COVID-19 pandemic are expected to slow down migration to Alberta in the coming years before the numbers stabilize over time, according to Government of Alberta projections. Provincial data detailing Alberta’s population projections […]

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28 August

Global oil demand has rebounded primarily on the back of European and Asian economies reopening. CALGARY – Despite projections that the coronavirus pandemic would hasten peak oil demand, global consumption for the commodity has rebounded by an astounding 13 million barrels per day in the past four months, according to a new study. Global oil […]

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28 August

Alberta oil well in canola field CALGARY – Statistics Canada says capital spending in the country’s oil and gas sector fell by 54 per cent in the quarter ended June 30 as numerous producers chopped budgets amid sliding global oil prices. The federal agency says the industry spent about $3.88 billion in the three-month period, […]

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