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Factbox-Permian set for M&A frenzy as cash-rich producers seek reserve boost

Dealmaking is picking up in the Permian basin, the largest U.S. oil patch, as drillers look to quickly rebuild their depleting assets. ....

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Resurgent Canadian natgas producers look to horn in on U.S. market

6 Min Read
CALGARY, Alberta (Reuters) - Canadian natural gas producers are bouncing back faster from the COVID-19 pandemic than battered U.S. shale firms, putting them in position to boost net gas exports to the United States for the first time in five years.
FILE PHOTO: Natural gas flares off at a production facility owned by Exxon near Carlsbad, New Mexico, U.S. February 11, 2019. REUTERS/Nick Oxford/File Photo/File Photo
The opportunity for Canadian firms to take a piece of the market back from U.S. rivals reverses one of the dominant energy trends of the last decade, where U.S. shale drillers unleashed a flood of cheap plentiful gas - largely a byproduct of crude oil drilling - and pushed western Canadian producers out of their only export market. ....

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Analysis: Montney shale patch merger shines light on Canada's premier play

4 Min Read
CALGARY, Alberta (Reuters) - ARC Resources Ltd’s C$2.7 billion ($2.1 billion) bid to buy Seven Generations Energy Ltd will create the largest oil and gas producer in Canada’s Montney region, and may re-energize development in one of North America’s top shale plays.
The combined company will have more financial strength to develop its 1.1 million net acres of land in a region that investors and drillers say has so far struggled to meet its full potential.
The deal could also spur further acquisitions in a play that boasts attractive drilling economics and huge resource potential as oil and gas prices tentatively recover. ....

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Canada's Arc Resources to merge with Seven Generations in all-stock deal

4 Min Read
CALGARY, Alberta (Reuters) - Canada’s ARC Resources Ltd on Wednesday agreed to buy Seven Generations Energy Ltd for C$2.7 billion ($2.2 billion) in an all-stock deal to create the country’s sixth-largest energy company, as oil producers strive to scale up and drive down costs.
The combined company will become the biggest operator in western Canada’s premier Montney shale play, producing more than 340,000 barrels of oil equivalent per day (boepd). The deal underscores the rapidly shifting energy sector landscape, as oil companies face pressure to gain capacity to make them more attractive to lenders and investors.
The combined company will be Canada’s largest condensate producer and third-largest producer of natural gas, operating under the name of ARC Resources Ltd and remaining headquartered in Calgary. Including debt, the deal is valued at C$8.1 billion. ....

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Canada's Arc Resources agrees to buy Seven Generations for $2.2 billion

4 Min Read
CALGARY, Alberta (Reuters) - Canada’s ARC Resources Ltd on Wednesday agreed to buy Seven Generations Energy Ltd for C$2.7 billion ($2.2 billion) in an all-stock deal to create the country’s sixth-largest energy company, as oil producers strive to scale up and drive down costs.
The combined company will become the biggest operator in western Canada’s premier Montney shale play, producing more than 340,000 barrels of oil equivalent per day (boepd). The deal underscores the rapidly shifting energy sector landscape, as oil companies face pressure to gain capacity to make them more attractive to lenders and investors.
The combined company will be Canada’s largest condensate producer and third-largest producer of natural gas, operating under the name of ARC Resources Ltd and remaining headquartered in Calgary. Including debt, the deal is valued at C$8.1 billion. ....

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