BOE Report

EOG Resources to Acquire Encino Acquisition Partners from CPP Investments and Encino Energy, Strengthening Premier Utica Asset; Increases Regular Dividend 5%

HOUSTON, May 30, 2025 /PRNewswire/ -- EOG Resources, Inc. (EOG) today announced a definitive agreement with Canada Pension Plan Investment Board (CPP) and Encino Energy under which EOG will acquire Encino Acquisition Partners (EAP or Encino) for $5.6 billion, inclusive of EAP's net debt. EOG currently expects to fund the acquisition through $3.5 billion of debt and $2.1 billion of cash on hand. "This acquisition combines large, premier acreage positions in the Utica, creating a third [Read more]

Strathcona Resources Ltd. Commences Offer to Acquire MEG Energy Corp.

CALGARY, AB, May 30, 2025 /PRNewswire/ - Strathcona Resources Ltd. ("Strathcona") announced today that it has formally commenced its offer (the "Offer") to acquire all of the issued and outstanding common shares of MEG Energy Corp. (TSX: MEG) ("MEG") not already owned by Strathcona or its affiliates for 0.62 of a common share of Strathcona ("Strathcona Share") and $4.10 in cash per common share of MEG ("MEG Share"). The notice and advertisement of the Offer has been placed for publishing in [Read more]

Whitecap Resources Inc. to terminate its U.S. reporting obligations with the U.S. Securities and Exchange Commission in respect of its common shares

CALGARY, AB, May 22, 2025 /PRNewswire/ - Whitecap Resources Inc. ("Whitecap") (TSX: WCP) intends to file a certification with the U.S. Securities and Exchange Commission (the "SEC") today in order to terminate the registration, and its reporting obligations, in respect of its common shares under the U.S. Securities Exchange Act of 1934, as amended (the "Exchange Act"). If the SEC does not object, such deregistration and termination will become effective 90 days from today's filing or such [Read more]

Freeport LNG restores service to its third LNG storage tank

HOUSTON, May 21, 2025 /PRNewswire/ -- Freeport LNG Development, L.P. (Freeport LNG) today announced that the third of the company's three LNG storage tanks has been returned to service with the approval of the Pipeline and Hazardous Materials Safety Administration and the Federal Energy Regulatory Commission.  The storage tank had been offline for nearly three years after LNG piping to the tank was damaged in the June 8, 2022 incident at Freeport LNG's natural gas liquefaction and LNG export [Read more]

Strathcona Resources Ltd. Announces Intention to Commence Take-Over Bid to Acquire MEG Energy Corp.

CALGARY, AB, May 15, 2025 /PRNewswire/ - Strathcona Resources Ltd. ("Strathcona") announced today that it intends to commence a take-over bid for MEG Energy Corp. (TSX: MEG) ("MEG"), pursuant to which Strathcona will offer (the "Offer") to acquire all of the issued and outstanding common shares of MEG ("MEG Shares"), not already owned by Strathcona or its affiliates, for 0.62 of a common share of Strathcona ("Strathcona Shares") and $4.10 in cash per MEG Share. Based on the closing share price [Read more]

Strathcona Resources Ltd. Reports First Quarter 2025 Financial and Operating Results, Announces Quarterly Dividend and Investment in MEG Energy Corp.

CALGARY, AB, May 15, 2025 /PRNewswire/ - Strathcona Resources Ltd. ("Strathcona" or the "Company") (TSX: SCR) today reported its first quarter 2025 financial and operational results and disclosed an investment in MEG Energy Corp. The Board of Directors also declared a quarterly dividend of $0.30 per share   Q1 2025 Highlights Production of 194,609 boe/d (70% oil and condensate, 76% liquids)(1) Operating Earnings of $322.4 million ($1.51 / share) Free Cash Flow of $184.0 [Read more]

Whitecap Resources Inc. Receives TSX Approval For Renewed Normal Course Issuer Bid and Confirms Monthly Dividend for May of $0.0608 Per Share

CALGARY, AB, May 15, 2025 /CNW/ - Whitecap Resources Inc. ("Whitecap") (TSX: WCP) is pleased to announce that the Toronto Stock Exchange (the "TSX") has accepted Whitecap's notice of intention to commence a normal course issuer bid (the "NCIB"). The NCIB allows Whitecap to purchase up to 122,135,462 common shares (representing 10% of Whitecap's public float, as defined by the TSX, as of May 12, 2025) over a period of twelve months commencing on May 23, 2025. On May 12, 2025, Whitecap had [Read more]

ARC Resources Ltd. announces consolidation of condensate-rich Montney assets at Kakwa

CALGARY, AB, May 14, 2025 /CNW/ - (TSX: ARX) ARC Resources Ltd. ("ARC" or the "Company") today announced it signed a definitive agreement to acquire condensate-rich Montney assets in the Kakwa region in Alberta (the "Assets") from Strathcona Resources Ltd. in an all-cash transaction valued at approximately $1.6 billion(1) (the "Transaction"). The Transaction has an effective date of April 1, 2025 and is expected to close in early July 2025, subject to customary closing conditions. The Assets, [Read more]

Strathcona Announces Q1 2025 Conference Call

CALGARY, AB, May 9, 2025 /PRNewswire/ - Strathcona Resources Ltd. ("Strathcona" or the "Company") (TSX: SCR) will release its first quarter 2025 financial and operating results after market close on May 15, 2025. Strathcona will host a conference call on May 16, 2025, starting at 9:00AM MT (11:00AM ET), to review the Company's first quarter 2025 results.   Date: Friday, May 16, 2025 Time: 11:00AM ET (9:00AM MT) URL Entry: To join without operator [Read more]

Whitecap Resources Inc. and Veren Inc. Announce Receipt of Final Order for Plan of Arrangement

CALGARY, AB, May 8, 2025 /PRNewswire/ - Whitecap Resources Inc. ("Whitecap") (TSX: WCP) and Veren Inc. ("Veren") (TSX: VRN) (NYSE: VRN) are pleased to announce that the Court of King's Bench of Alberta has granted the final order in connection with the previously announced plan of arrangement under Section 193 of the Business Corporations Act (Alberta) (the "Business Combination"), pursuant to which Whitecap will acquire all of the issued and outstanding common shares of Veren. Under the terms [Read more]