Paramount Resources Closes Musreau/Kakwa Asset Sale To Seven Generations
The company also said that all of the Fox Drilling debt will be retired, and that a new CA$100 million secured revolving credit facility was entered into.
Chinook Energy Begins Strategic Review For Montney Expansion
Chinook has completed the divestiture of the majority of its noncore assets.
Blackbird Energy Will Acquire Interest in Stage Completions Inc.
There are sliding sleeve systems with a constant internal diameter, and a ball and collet can be reinstalled at a later date for refracking and restimulation.
Painted Pony To Swap British Columbia Montney Acreage, Wells
The Calgary, Alberta-based company entered an asset exchange agreement with a large industry partner on jointly-held acreage to exchange 15.4 net sections (9,856 net acres) from its Montney asset.
Canadian Energy Earnings Hint At Brighter Oil Outlook
The Canadian oil and gas earnings season kicked off with signs of an industry recovery as Encana and Precision Drilling outlined plans to boost activity. Analysts said the uptick in optimism might be mirrored by some U.S. shale companies.
Encana Posts Quarterly Operating Profit, Hikes 2016 Capital Budget
The Calgary, Alberta-based company said it would use a portion of the proceeds from the sale of its Gordondale and Denver-Julesburg Basin assets to increase its capital program by $200 million to $1 billion.
Alberta's Two New Energy Royalty Programs Encourage Output
Alberta's NDP government, elected in a sweeping majority last year, unsettled producers when it first announced plans to review oil and gas royalties to ensure the province received its fair share of hydrocarbon revenues.
Enterprise Group Completes Sale Of T.C. Backhoe & Directional Drilling’s Assets
Enterprise Group Inc., based in Alberta, is a consolidator of construction services companies operating in the energy, utility and transportation infrastructure industries.
Paramount Sells Montney Shale Assets To Seven Generations
The divestiture is the latest example of struggling oil and gas producers selling off assets in a bid to survive the global crude price rout, which has lasted since mid-June.
Encana Will Sell Gordondale Assets For CA$625 Million
Doug Suttles, president and CEO, said the company plans to increase liquids production to 50,000 barrels per day (bbl/d) by the end of 2018.