Canadian E&P Merger to Create Montney Shale Natural Gas, Condensate Goliath naturalgasintel.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from naturalgasintel.com Daily Mail and Mail on Sunday newspapers.
Shell sells its Alberta shale assets to Calgary-based Crescent Point By Robert Tuttle on 2/18/2021
Crescent Point Energy
CALGARY (Bloomberg) Crescent Point Energy Corp. agreed to buy some of Royal Dutch Shell Plcâs Western Canadian shale operations for about C$900 million ($707 million) in the latest example of consolidation in the Canadian oil and gas sector.
Calgary-based Crescent Point, an oil driller with a focus on Saskatchewan, will acquire Shellâs Kaybob Duvernay assets for $550 million in cash and 50 million Crescent Point common shares. The assets are expected to produce about 35,000 barrels of oil equivalent a day by the second quarter, including a number of drilled and uncompleted wells that are about to come on stream, the company said in a release.
Tuesday s analyst upgrades and downgrades - The Globe and Mail theglobeandmail.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from theglobeandmail.com Daily Mail and Mail on Sunday newspapers.
In a deal announced on Wednesday, Seven Generations Energy Ltd. and ARC Resources Ltd. will join forces to form one of the largest natural gas producers in…
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CALGARY – ARC Resources Ltd. is willing to strike more deals following its blockbuster merger with rival natural gas producer Seven Generations Energy Ltd., which would turn the Calgary-based intermediate into the largest producer in the prolific Montney shale gas formation.
“We certainly don’t need M&A going forward, but if something else presented itself we would evaluate it,” said Chris Bibby, chief financial officer of ARC Resources Ltd., on a conference call following the all-share deal announced Wednesday night, which will turn ARC Resources into the third largest gas producer in Canada after Tourmaline Oil Corp. and Canadian Natural Resources Ltd, and the sixth largest Canadian energy company in output terms overall.