Birchcliff Energy Ltd., Calgary, (Toronto: BIR) plans to acquire oil assets in Alberta from Compton Petroleum Corp., Calgary, (Toronto: CMT; NYSE: CMZ) for C$270 million in cash. The assets are in the Worsley area of the Peace River Arch. Production is 3,500 barrels of oil equivalent per day, including 4.8 million cubic feet per day of associated gas. Proved reserves are 11.3 million barrels equivalent and proved and probable reserves are 15.1 million barrels equivalent.
Recommended Reading
Exxon’s Upstream President Liam Mallon to Retire After 34 Years
2024-12-03 - Exxon Mobil’s board has appointed Dan L. Ammann, currently Exxon’s low carbon solutions president, to assume Liam M. Mallon’s roles.
Exxon Slips After Flagging Weak 4Q Earnings on Refining Squeeze
2025-01-08 - Exxon Mobil shares fell nearly 2% in early trading on Jan. 8 after the top U.S. oil producer warned of a decline in refining profits in the fourth quarter and weak returns across its operations.
Exxon Mobil Appoints Imperial’s Evers to Managerial Role
2025-01-10 - Sherri Evers, Imperial Oil’s senior vice president of sustainability, commercial development and product solutions, has been appointed general manager for Exxon Mobil North America Lubes.
Imperial Appoints New President, CEO Following Brad Corson’s Retirement
2025-02-13 - Imperial’s board of directors has appointed Exxon Mobil’s John Whelan as president effective April 1 and to assume the roles of chairman and CEO on May 8.
Not Sweating DeepSeek: Exxon, Chevron Plow Ahead on Data Center Power
2025-02-02 - The launch of the energy-efficient DeepSeek chatbot roiled tech and power markets in late January. But supermajors Exxon Mobil and Chevron continue to field intense demand for data-center power supply, driven by AI technology customers.
Comments
Add new comment
This conversation is moderated according to Hart Energy community rules. Please read the rules before joining the discussion. If you’re experiencing any technical problems, please contact our customer care team.