Total & Suncor form alliance in Canada’s oilsandsFrench oil major Total is paying Canada's Suncor Energy C$1.75 billion in a strategic alliance to pool their interests in several oilsands projects in Western Canada.
Total's unit Total E & P Canada Ltd will acquire a 19.2% stake of Suncor's interest in the Fort Hills project in Alberta, boosting its overall interest to 39.2%. Suncor, as the operator, will keep its 40.8% stake and the Vancouver-based Teck Resources has a 20% stake.
Total will also acquire 49% of the Suncor-operated...
Jan 01, 2011
Shell offers C$5.9 billion for Duvernay's Montney PlayShell is banking on its unconventional gas assets, and offered C$5.9 billion for Duvernay Oil Corp. in the latest large acquisition by an oil major into Alberta. Shell will gain a prize position in the emerging Montney play.
Duvernay is a leading acreage holder in the Western Canadian Sedimentary Basin, with 450,000 acres in two large project areas - Sunset-Groundbirch in British Columbia and the Alberta Deep Basin. Both are characterized by multiple, extensive tight gas reservoirs....
Jul 28, 2008
Shell offers $5.9 billion for DuvernayShell is banking on its unconventional gas assets, and offered $5.9 billion for Duvernay Oil Corp. in the latest large acquisition by an oil major into Alberta. Shell will gain a prize position in the emerging Montney play.
Duvernay is a leading acreage holder in the Western Canadian Sedimentary Basin, with 450,000 acres in two large project areas - Sunset-Groundbirch in British Columbia and the Alberta Deep Basin. Both are characterized by multiple, extensive tight gas reservoirs. Duvernay...
Jul 14, 2008
A&D News Briefs - December 03, 2015American Eagle Energy received approval from bankruptcy court to push forward with the $37 million sale of substantially all its assets to Resource Energy Can-Am LLC. A casualty of the crude price downturn, the Bakken/Three Forks producer filed for voluntary Chapter 11 bankruptcy back in May. The company ended 2014 with 15.5 MMboe of proved reserves (59% PUD) and 43,637 net acres (77,721 gross) at its Spyglass focus area primarily in Divide County, North Dakota.Earthstone Energy picked...
Dec 03, 2015
A&D News Briefs (Short Stories; October 27, 2011)- AER Energy Resources signed an agreement with Multiplex Resources to purchase 13 existing shallow oil wells in Neosho Co., Kansas. AER will immediately begin a rework of 8 of the 13 wells and drill an additional 10 new off-set wells. AER also agreed to purchase 50% WI in a JV with Black Gold Exploration (Farmersville, Texas). The JV will drill two 1,800 ft. wells in Knox Co., Texas, through the Wolfcamp Lower Permian, the Saddlecreek, the Noodle Creek sandstones and the Stockwether...
Oct 27, 2011
Finance Briefs - March 23, 2010Due to investor interest, Brownstone Ventures increased its non-brokered financing, with up to 17 million units priced at $0.55/unit, amounting to aggregate gross proceeds of up to $9,350,000.
Copano Energy LLC sold 900,000 common units as part of an over-allotment, in addition to its 6.5 million-unit offering which closed March 8. In total, the Houstonbased Copano raised $172 million. Proceeds will be used for debt service.
Far East Energy Corp. is making a registered offering worth ~$5...
Mar 23, 2010
People Briefs - May 09, 2008Husky Energy Inc. appointed Alister Cowan as Vice President and CFO of Husky Oil Operations Ltd. Prior to joining Husky, Cowan held executive positions in the energy and utilities sectors, most recently as Executive Vice President and CFO for BC Hydro based in Vancouver, British Columbia.
NuVista Energy Ltd. announced that Kevin Christie was appointed Vice President, Exploration. Christie has 33 years of experience in the oil and gas industry, most recently as Vice President, Exploration...
May 09, 2008
Financial Briefs(September 2007; 7 Stories)Husky Energy Inc. completed a public offering in the United States of US$300 million of 6.2%, 10--year notes due Sept. 15, 2017, and US$450 million of 6.8%, 30-year notes due Sept. 15, 2037. Net proceeds will be used to repay part of a short-term bridge financing for the July acquisition of the Lima refinery in Ohio.
Daylight Resources Trust reached an agreement with a syndicate of underwriters co-led by Scotia Capital Inc. and CIBC World Markets Inc. and including National Bank Financial...
Sep 10, 2007