BOE Report

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]

Vermilion Energy Inc. Announces 2025 Budget, 8% Dividend Increase and Strong Germany Well Test Results

CALGARY, AB, Dec. 19, 2024 /PRNewswire/ - Vermilion Energy Inc. ("Vermilion", or the "Company") (TSX: VET) (NYSE: VET) is pleased to announce its 2025 budget, an 8% dividend increase and strong Germany well test results. Highlights 2025 capital expenditure budget of $600 – $625 million includes drilling and infrastructure capital allocated across all major business units, including ongoing drilling and debottlenecking on the BC Montney asset and drilling capital allocated to European gas [Read more]

ARC Financial Corp. provides comments on preliminary voting results for take private transaction of STEP Energy Services Ltd.

CALGARY, AB, Dec. 17, 2024 /CNW/ - ARC Financial Corp., on behalf of 2659160 Alberta Ltd. and the limited partnerships comprising ARC Energy Fund 8 (a private equity fund advised by ARC Financial Corp.) (collectively, "ARC"), announces that, based on preliminary voting results, as of midday (Mountain time) today, the proposed plan of arrangement to take STEP Energy Services Ltd. ("STEP") private (the "Arrangement") for cash consideration of $5.00 per common share of STEP (the "STEP Shares"), has [Read more]

ARC Resources Ltd. confirms quarterly dividend of $0.19 per share for January 15, 2025

CALGARY, AB, Dec. 16, 2024 /CNW/ - (TSX: ARX) ARC Resources Ltd. ("ARC") confirms a quarterly eligible dividend amount of $0.19 per share for January 15, 2025 to shareholders of record on December 31, 2024. At December 16, 2024, the trailing 12-month payments to shareholders total $0.68 per share. About ARC ARC Resources Ltd. is the largest pure-play Montney producer and one of Canada's largest dividend-paying energy companies, featuring low-cost operations. ARC's investment-grade credit [Read more]

Whitecap Resources continues to achieve operational excellence in the fourth quarter and confirms monthly dividend for December

CALGARY, AB, Dec. 16, 2024 /CNW/ - Whitecap Resources Inc. ("Whitecap" or the "Company") (TSX: WCP) is pleased to provide an operational update for the fourth quarter of 2024. Our fourth quarter production is now forecast to average approximately 175,500 boe/d (65% liquids)1 compared to our previous guidance of 170,000 boe/d based on 2024 average production guidance of 172,500 boe/d. Full year production is expected to average 174,000 boe/d which is 9,000 boe/d, or 5% above our original budget [Read more]

ARC Financial Corp. provides update on take private transaction of STEP Energy Services Ltd.

  No intention to increase consideration to be paid from $5.00 per STEP Share No indication of a competing transaction from any third party No intention by ARC to support any alternative transaction to acquire STEP Shares If vote were held today the transaction would be unsuccessful CALGARY, AB, Dec. 13, 2024 /CNW/ - On November 4, 2024, STEP Energy Services Ltd. ("STEP") announced the execution of a definitive arrangement agreement (the "Arrangement Agreement") with [Read more]

Kevin O’Leary in cooperation with the Municipal District of Greenview to develop the world’s largest AI Data Centre Industrial Park ‘Wonder Valley’ in the Greenview Industrial Gateway (“GIG”) near Grande Prairie in North West Alberta, Canada

GREENVIEW, AB, Dec. 9, 2024 /PRNewswire/ - The Municipal District of Greenview is proud to announce a groundbreaking partnership with O'Leary Ventures to build an off-grid natural gas and geothermal power infrastructure to support the largest AI data centre industrial park in the world. The GIG has signed a Letter of Intent with O'Leary Ventures for the purchase and development of thousands of acres of land within the Greenview Industrial Gateway and to the south of the GIG. This transformative [Read more]