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A&D overview – See the top acquirors over the last 3 months – 2,693 wells, 362 facilities and 661 pipelines acquired

April 24, 20237:09 AM Dan Rutherford

Many A&D transactions occur without many people being aware of them. Often they are small, maybe a few well licenses being transferred or some pipelines/facilities, and those can go unnoticed as a result. While small, sometimes these transactions can give us clues into what operators are thinking in a certain area, whether they might be looking to move in or move out. Our AER Transfers page has given readers a taste of the amount of licences being transferred on a daily basis, and through BOE Intel we have given our users the ability to map all of those transactions with a single click.

BOE Intel has also given us the ability to aggregate and export all of that data, and that’s what we have done here. The table below shows the largest acquirors and disposers over the last 3 months in Alberta, based on the AER licence transfer date. We have only included those AER applications that are Pending or Approved for this data. While we also have this data for mineral rights transfers, that has not been included as part of this analysis. A few of these were larger deals that we have previously highlighted in article form, and in some cases we were the first ones to bring these transactions to our reader’s attention:

Jan 27, 2023 – HWN Energy acquires assets from Bonavista Energy – 470 wells, 68 facilities, 191 pipelines | BOE Report

Feb 3, 2023 – The HWN Energy acquisition spree continues – set to acquire 642 wells, 145 facilities, 168 pipelines from Whitecap Resources | BOE Report

April 3, 2023 – BOE Intel – Vermilion acquiring assets from Notine Holdings Inc. – 126 wells, 15 facilities and 27 pipelines | BOE Report

March 6, 2023 – Storm Development Corp. acquiring assets from ARC Resources – a use case for BOE Intel | BOE Report

If you are interested in having access to this data yourself, and would like to plot some of these transactions on a map, then BOE Intel is just a step away. Reach out here for a demo for you and your company.

LAST 3 MONTHS  – AER LICENCE TRANSFERS – TOP BUYERS*

Acquiror Wells Facilities Pipelines
HWN Energy Ltd. 1113 213 360
Canadian Natural Resources Limited 284 1 1
AC Gas Company Ltd. 270 1
Archer Exploration Corp. 166 31 45
Vermilion Energy Inc. 126 15 27
Barrel Oil Corp. 87 12 49
Outlier Resources Ltd. 85 18 25
Crescent Point Energy Corp. 70 9 20
Storm Development Corp. 58 12 21
Rubellite Energy Inc. 54 2 2
Axiom Oil and Gas Inc. 40 8 12
Blue Sky Resources Ltd. 40 11 10
ConocoPhillips Canada Resources Corp. 36
Journey Energy Inc. 35 1
Altair Energy Ltd. 30 1 5
Cleo Energy Corp. 16
Ledgend Royalty Trust Ltd. 16 1 5
Suede Energy Ltd. 15 1
1852797 Alberta ULC 13
Others 139 26 78
Grand Total 2693 362 661

*based on AER licence transfer date, sorted by wells

LAST 3 MONTHS – AER LICENCE TRANSFERS – TOP SELLERS*

Seller Wells Facilities Pipelines
Whitecap Resources Inc. 642 145 168
Bonavista Energy Corporation 470 68 191
Battle River Energy Ltd. 277 5 2
Cenovus Energy Inc. 261 18 23
Ridgeback Resources Inc. 164 31 43
Notine Holdings Inc. 126 15 27
ExxonMobil Canada Ltd. 97
Tower Ridge Enterprises Corp. 86 12 47
Paramount Resources Ltd. 73 9 22
ARC Resources Ltd. 58 12 21
Perpetual Energy Inc. 42 2
I3 Energy Canada Ltd. 37 3
Summerland Energy Inc. 35 8 9
Enerplus Corporation 32 1
New North Resources Ltd. 30 1 4
Gulf Canada Limited 20
Phillips Petroleum Resources, Ltd. 16
Rife Resources Ltd. 16
Torxen Energy Ltd. 15 2
ConocoPhillips Canada Resources Corp. 14 1
Others 182 31 102
Grand Total 2693 362 661

*based on AER licence transfer date, sorted by wells

We have already shown the HWN Energy AER licence transfers in previous articles, but using our BOE Intel software it would look something like this:

ARC Resources Axiom Oil and Gas Barrel Oil Corp Battle River Energy Blue Sky Resources Bonavista Energy Canadian Natural Resources Cenovus Cleo Energy ConocoPhillips Enerplus HWN Energy i3 Energy Journey Energy New North Resources Outlier Resources Paramount Resources Perpetual Energy Ridgeback Resources Rife Resources Rubellite Energy StackDX Intel Summerland Energy Teine Energy Torxen Energy Tower Ridge Enterprises Veren Vermilion Energy Whitecap Resources

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