NuVista Energy Details 4Q 2015 Operations, Reconfirms Credit Facility
Until the spring breakup, NuVista will drill with two rigs, and prior to spring breakup, about eight to 11 additional wells are scheduled to come on production, possibly eight in first-quarter 2016.
Construction Of Montney Gas Processing Facility Ahead Of Schedule
ainted Pony also has signed an agreement with TransCanada to participate in the Towerbirch Expansion Project that will provide the company with 130 MMcf/d of firm transportation service.
Neither Here Nor There: Deals To Rise In 2016, Regardless Of Oil Price
Wood Mackenzie predicts the oil market will continue to tighten in 2016, eventually boosting prices in the second half and leading to a pickup in M&A activity.
Veresen's Montney Gas Processing Complex Receives Approval
The Tower rich gas processing complex has been sanctioned by the Cutbank Ridge Partnership, a collaboration between Veresen, Encana Corp. and a subsidiary of Mitsubishi Corp.
Quattro Closes British Columbia Asset Purchase Agreements
The properties are in northeast British Columbia. The roughly-CA$1.9 million purchase price was paid through preferred shares and cash from working capital assumed by Quattro.
Long Run Begins Asset Rationalization, Amends Private Placement’s Terms
The size and composition of Long Run’s board of directors will be determined, from time to time, in part by the share ownership of Maple Marathon.
Canadian Natural To Sell Royalty Assets For C$1.8 Billion
The deal, which involves assets spanning about 5.4 million acres in Western Canada and representing about 6,700 barrels of oil equivalent per day.
Blackbird Provides Elmworth Drilling Program Update
The 2-20 well was spudded on Sept. 24 drilling operations were completed in 32 days. When logging was finished, a horizontal leg was drilled about 2,000 meters targeting Middle Montney.
ORLEN Upstream Canada Will Acquire Kicking Horse Energy
Kicking Horse's core assets are in Greater Kakwa area of Montney Formation. Assets will add about 4,000 barrels of oil equivalent per day, 50% condensate, and 30MMboe of 2P reserves.
Poland’s PKN Orlen Gains North American Foothold
Through its latest takeovers the company will not only add to its holdings in Canada, but also add U.S. producing assets and establish an E&P position on its home turf in Poland.