BOE Report

Ovintiv Names Terri King to Board of Directors

DENVER, Jan. 27, 2025 /PRNewswire/ - Ovintiv Inc. (NYSE: OVV) (TSX: OVV) today announced that Terri G. King has been named as an independent member of its board of directors, effective January 31, 2025. King, 63, retired from ConocoPhillips Company (ConocoPhillips) in 2023 as Chief Commercial Officer and Vice President. During her lengthy career with ConocoPhillips, she held various roles including President, Lower 48; President, Europe & North Africa; President, United Kingdom; and [Read more]

Ovintiv Announces Closing of Uinta Asset Sale

DENVER, Jan. 22, 2025 /PRNewswire/ - Ovintiv Inc. (NYSE, TSX: OVV) ("Ovintiv" or the "Company") today closed the previously announced all cash sale of substantially all its Uinta assets, located in Utah, to FourPoint Resources, LLC, for approximately $2 billion. "The Uinta sale builds on our track record of unlocking significant value from our non-core assets while focusing our portfolio and extending inventory runway in our core areas," said Ovintiv President and CEO, Brendan [Read more]

Newmark Arranges $2.3 Billion Construction Financing for 206 MW Build-to-Suit Data Center

NEW YORK, Jan. 22, 2025 /PRNewswire/ -- Newmark Group, Inc. (Nasdaq: NMRK) ("Newmark" or "the Company"), a leading commercial real estate advisor and service provider to large institutional investors, global corporations, and other owners and occupiers, announces the firm has arranged a $2.3 billion loan to capitalize a 206 megawatt (MW), Build-to-Suit data center development in Abilene, Texas on behalf of Blue Owl Capital, Crusoe Energy Systems and Primary Digital Infrastructure. The financing [Read more]

Veren Announces 2024 Reserves & Board Appointments

CALGARY, AB, Jan. 21, 2025 /PRNewswire/ - Veren Inc. ("Veren", or the "Company") (TSX: VRN) (NYSE: VRN) is pleased to announce the results from its 2024 independent reserves report, provide an update on its operations and announce the appointment of two independent board members. KEY HIGHLIGHTS Strong reserve additions, replacing 173 percent of 2024 annual production on a 2P basis. Alberta Montney asset contributed 65 percent of the 2P reserve additions. Achieved strong exit [Read more]

Ovintiv to Host its 2024 Fourth Quarter and Year-End Results Conference Call and Webcast on February 27, 2025

DENVER, Jan. 16, 2025 /PRNewswire/ - Ovintiv Inc. (NYSE: OVV) (TSX: OVV) today announced plans to hold its 2024 fourth quarter and year-end results conference call at 9:00 a.m. MT, on Thursday February 27, 2025. The Company plans to release its financial and operating results after market close, Wednesday February 26, 2025. In addition to the release, supplemental slides and financial statements will be available on the Company's website, located at www.ovintiv.com. To join the conference [Read more]

Whitecap Resources Inc. confirms monthly dividend for January 2025 of $0.0608 per share

CALGARY, AB, Jan. 15, 2025 /CNW/ - Whitecap Resources Inc. ("Whitecap") (TSX: WCP) confirms that a cash dividend of Cdn. $0.0608 per common share in respect of January operations will be paid on February 18, 2025 to shareholders of record on January 31, 2025.  This dividend is an eligible dividend for the purposes of the Income Tax Act (Canada). About Whitecap Whitecap Resources Inc. is an oil-weighted growth company that pays a monthly cash dividend to its shareholders.  Our business is [Read more]

Whitecap Resources Inc. closes previously announced infrastructure disposition and Lator Phase 1 funding

CALGARY, AB, Jan. 2, 2025 /CNW/ - Whitecap Resources Inc. ("Whitecap" or the "Company") (TSX: WCP) is pleased to announce that the partial working interest disposition of its 15-07 Kaybob Complex for $420 million to Pembina Gas Infrastructure ("PGI") closed on December 31, 2024. Proceeds have been used to reduce net debt to below $1 billion1, resulting in a Debt to EBITDA ratio2 of only 0.5 times and over $1.6 billion of unused debt capacity. This low leverage combined with ample liquidity, [Read more]

EQT Completes Non-Operated Asset Divesture

PITTSBURGH, Dec. 31, 2024 /PRNewswire/ -- EQT Corporation (NYSE: EQT) announced today it has closed on the sale of its remaining non-operated natural gas assets in Northeast Pennsylvania to Equinor USA Onshore Properties Inc. and its affiliates. EQT received approximately $1.25 billion in cash proceeds, less closing adjustments, from the sale, which was used to repay outstanding borrowings under its revolving credit facility. Investor Contact Cameron Horwitz Managing Director, [Read more]

EQT Closes Midstream Joint Venture with Blackstone Credit & Insurance

PITTSBURGH, Dec. 30, 2024 /PRNewswire/ -- EQT Corporation (NYSE: EQT) (together with its subsidiaries, "EQT") announced today that it has closed on the formation and funding of its previously announced midstream joint venture ("JV") with an affiliate of Blackstone Credit & Insurance ("BXCI"; Blackstone (NYSE: BX)).  EQT received $3.5 billion of cash consideration, net of certain transaction fees and expenses, from BXCI in exchange for a non-controlling common equity interest in the JV. EQT [Read more]

Vermilion Energy Inc. Announces Strategic Deep Basin Acquisition

CALGARY, AB, Dec. 23, 2024 /PRNewswire/ - Vermilion Energy Inc. ("Vermilion", or the "Company") (TSX: VET) (NYSE: VET) is pleased to announce it has entered into an arrangement agreement (the "Arrangement Agreement") to acquire Westbrick Energy Ltd. ("Westbrick"), a privately held oil and gas company operating in the Deep Basin, for total consideration of $1.075 billion by way of a plan of arrangement under the Business Corporations Act (Alberta) (the "Acquisition"), expected to close in Q1 [Read more]