CALGARY, AB - Waterous Energy Fund ("WEF") and Osum Oil Sands Corp. ("Osum") announce today that Osum has entered into an amalgamation agreement with WEF Osum Acquisition Corp. ("WOAC") under which Osum will amalgamate with WOAC, with the amalgamated entity ("Amalco") becoming an entity wholly-owned by WEF (the "Amalgamation"). Osum's board has called a meeting of holders ("Osum Shareholders") of common shares of Osum ("Osum Shares") to consider the proposed Amalgamation. This Amalgamation [Read more]
Teine Energy Ltd. announces closing of private offering of senior unsecured notes
CALGARY, AB - Teine Energy Ltd. ("Teine") has closed its previously announced senior unsecured notes offering (the "Notes Offering"). Teine has issued US$400 million in aggregate principal amount of 6.875% senior unsecured notes due in 2029 (the "Notes"). The Notes were issued pursuant to an indenture dated as of April 6, 2021, by and between Teine and Wilmington Trust, National Association, as trustee. Teine intends to use the net proceeds of the Notes Offering to redeem in full the US$350 [Read more]
ARC Resources closes strategic Montney combination with Seven Generations
CALGARY, AB - (TSX: ARX) ARC Resources Ltd. ("ARC" or the "Company") is pleased to announce that it has closed its strategic Montney combination with Seven Generations Energy Ltd. ("Seven Generations") to create the premier Montney producer and leader in responsible energy development (the "Business Combination"). ARC is now Canada's largest condensate producer, third-largest natural gas producer, and sixth-largest upstream energy company. As the largest pure-play Montney producer, ARC owns [Read more]
Whitecap Resources Inc. consolidates top tier Montney assets and positions for enhanced free funds flow
CALGARY, AB - Whitecap Resources Inc. ("Whitecap" or the "Company") (TSX: WCP) is pleased to announce that it has entered into an arrangement agreement (the "Arrangement") to indirectly acquire Kicking Horse Oil & Gas Ltd. ("Kicking Horse"), a privately held indirect subsidiary of Quantum Energy Partners, for aggregate consideration of $300 million, consisting of 34.5 million Whitecap common shares (determined based on the five-day volume weighted average share prices of the Whitecap shares [Read more]
Advantage provides operational update first quarter 2021 production outperformance
CALGARY, AB - Advantage Oil & Gas Ltd. ("Advantage" or the "Corporation") is pleased to provide an operational update following the conclusion of its winter capital program. For the first quarter of 2021, Advantage achieved record average production of approximately 49,700 boe/d (270.6 mmcf/d natural gas, 2,155 bbls/d crude oil and condensate, and 2,445 bbls/d NGLs), an increase of 14% over the previous quarter. All 14 new wells completed at Glacier have exceeded Management's expectations, [Read more]
Inter Pipeline awarded $408 million grant under Alberta’s Petrochemicals Incentive Program
CALGARY, AB - Inter Pipeline Ltd. ("Inter Pipeline") (TSX: IPL) announced today that it will receive $408 million under the Alberta Petrochemicals Incentive Program ("APIP"). The grant has been awarded in support of Inter Pipeline's Heartland Petrochemical Complex ("HPC"), a world-class integrated propane dehydrogenation ("PDH") and polypropylene ("PP") production facility, which will be operational in early 2022. "The APIP grant recognizes the significant contribution HPC has and will [Read more]
Crescent Point closes accretive acquisition of Kaybob Duvernay assets
CALGARY, AB - Crescent Point Energy Corp. ("Crescent Point" or the "Company") (TSX: CPG) (NYSE: CPG) is pleased to announce that it has successfully closed its accretive transaction previously announced on February 17, 2021. The Company has acquired Shell Canada Energy's Kaybob Duvernay assets in Alberta (the "Assets") for $900 million (the "Acquisition"). This strategic Acquisition enhances Crescent Point's core principles of balance sheet strength and sustainability. In particular, these [Read more]
Inter Pipeline modifies shareholder rights plan to support strategic alternatives review
CALGARY, AB - Inter Pipeline Ltd. ("Inter Pipeline" or the "Company") (TSX: IPL) announced today that its Board of Directors (the "Board"), has unanimously adopted a limited-purpose supplemental shareholder rights protection plan (the "Supplemental Rights Plan"), following a recommendation of the Special Committee of independent directors (the "Special Committee"). The Supplemental Rights Plan is not intended to prevent Brookfield Infrastructure Partners L.P. ("Brookfield") or its [Read more]
Advantage announces advanced Modular Carbon Capture and Storage (“MCCS”) technology, first commercial MCCS deployment at Glacier, and founding of Entropy Inc.
CALGARY, AB - Advantage Oil & Gas Ltd. ("Advantage" or the "Corporation") and Allardyce Bower Consulting Ltd. ("ABC") are pleased to announce they have jointly developed breakthrough carbon capture and storage technology capable of commercial profitability at a carbon price below CDN$50/tonne. The first deployment of the technology will occur at Advantage's Glacier Gas Plant near Grande Prairie, Alberta and is expected to enter service by March 2022. The Modular Carbon Capture and [Read more]
ARC Resources and Seven Generations announce shareholder and court approval of strategic Montney combination
CALGARY, AB - (TSX: ARX) (TSX: VII) ARC Resources Ltd. ("ARC") and Seven Generations Energy Ltd. ("Seven Generations") are pleased to announce that the shareholders of each company have voted in favour of the proposed business combination (the "Business Combination") to create the premier Montney producer and leader in responsible energy development. The Business Combination is expected to be completed on or about April 6, 2021 and is subject to the satisfaction of all closing [Read more]
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