CALGARY, AB, May 30, 2025 /CNW/ - Logan Energy Corp. (TSXV: LGN) ("Logan") is pleased to announce completion of construction and commissioning of its 40 mmcf/d Pouce Coupe 04-19 gas plant, compressor station and oil battery (the "Pouce Coupe Facility") as well as associated gas gathering and sales pipelines in the area. In connection with commissioning, the Company today closed the previously announced sale of a 35% non-operated working interest in the Pouce Coupe Facility to Topaz Energy Corp. [Read more]
News
CPP Investments to Sell Stake in Encino Acquisition Partners
TORONTO, May 30, 2025 /CNW/ - Canada Pension Plan Investment Board (CPP Investments) today announced the sale of its entire stake in Encino Acquisition Partners (EAP), a leading oil and gas producer in Ohio, to EOG Resources. EOG Resources will acquire EAP for US$5.6 billion, inclusive of EAP's net debt. EAP was established by CPP Investments and Encino Energy in 2017 to acquire high-quality oil and gas assets with an established base of production in mature basins across the [Read more]
PrairieSky Receives TSX Approval for Renewed Normal Course Issuer Bid
CALGARY, Alberta, May 30, 2025 (GLOBE NEWSWIRE) -- PrairieSky Royalty Ltd. ("PrairieSky" or the "Company") (TSX: PSK) is pleased to announce that the Toronto Stock Exchange (the "TSX") has accepted the notice of PrairieSky's intention to commence a normal course issuer bid (the "NCIB"). On April 14, 2025, PrairieSky announced its intention to seek TSX approval to renew its NCIB for an additional one-year period. The NCIB allows the Company to purchase up to 15,355,946 common shares which [Read more]
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]
Oil price outlook weakens on OPEC+ hikes, lingering trade concerns
Analysts have revised down their oil price forecasts for the third consecutive month as swelling OPEC+ supply and lingering uncertainty around the impact of trade disputes on fuel demand weigh on prices, a Reuters poll showed. A survey of 40 economists and analysts in May forecasts Brent crude will average $66.98 per barrel in 2025, down from April's $68.98 forecast, while U.S. crude is seen at $63.35, below last month's $65.08 estimate. Prices have averaged roughly $71.08 and $67.56 so far [Read more]
Oil set for second weekly decline as market eyes another OPEC+ output hike
Oil prices were on track for a second consecutive weekly decline on Friday, weighed down by expectations of another OPEC+ output hike in July and fresh uncertainty after the latest legal twist kept U.S. President Donald Trump's tariffs in place. Brent crude futures slipped 31 cents, or 0.48%, to $63.84 a barrel by 0424 GMT. U.S. West Texas Intermediate crude fell 31 cents, or 0.51%, to $60.63 a barrel. The Brent July futures contract is due to expire on Friday. Both contracts have fallen [Read more]
Japan to send a senior official to Alaska energy conference
Japan's Economy, Trade and Industry Minister Yoji Muto said on Friday that a senior official will attend an energy conference in Alaska early next week, where the proposed $44 billion Alaska LNG project is expected to be discussed. Takehiko Matsuo, the ministry's Vice-Minister for International Affairs, will participate in the Alaska Sustainable Energy Conference, scheduled for June 3-5, Muto said. The conference starts the day after talks scheduled by the Trump administration, which [Read more]
Tenaz Energy Corp. announces 2025 annual meeting results
CALGARY, ALBERTA--(Newsfile Corp. - May 29, 2025) - Tenaz Energy Corp. ("Tenaz", "We", "Our", "Us" or the "Company") (TSX: TNZ) is pleased to announce the results from its annual meeting of shareholders (the "Meeting") held on May 29, 2025. A total of 10,546,547 Common Shares, representing 37.41% of the Company's issued and outstanding Common Shares, were represented in person or by proxy at the Meeting. All of the matters put forward before the shareholders, as set out in the Company's [Read more]
Lycos Energy Inc. Announces First Quarter Financial Results and Termination of Strategic Review Process
Calgary, Alberta--(Newsfile Corp. - May 29, 2025) - Lycos Energy Inc. (TSXV: LCX) ("Lycos" or the "Company") is pleased to announce its operating and financial results for the three months ended March 31, 2025. Selected financial and operating information is outlined below and should be read with Lycos' unaudited condensed interim consolidated financial statements and related management's discussion and analysis ("MD&A") for the three months ended March 31, 2025. These filings are available [Read more]
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