CALGARY, AB - Strathcona Resources Ltd. ("Strathcona" or the "Company") is pleased to announce it has completed its amalgamation with Caltex Resources Ltd. ("Caltex") and Stickney Resources Ltd. ("Stickney"). On November 30, 2021, Strathcona and affiliates of Waterous Energy Fund ("WEF") acquired Caltex, a private oil company with high-margin enhanced oil recovery ("EOR") assets proximate to Strathcona's Lloydminster heavy oil EOR operations. At the time of acquisition, Caltex produced [Read more]
Strathcona Resources Ltd.
Waterous Energy Fund closes its fourth equity capital raise, acquires Caltex Resources Ltd. and the Tucker Thermal Oil Property, and amalgamates Caltex and Tucker with Strathcona Resources Ltd.
CALGARY, Alberta - Waterous Energy Fund (“WEF”) today announced the closing of the amalgamation of Strathcona Resources Ltd. (“Strathcona”), Caltex Resources Ltd. (“Caltex”), and the Tucker thermal oil property (“Tucker”). The amalgamated entity will continue in business as Strathcona Resources Ltd. and will remain 100% owned by WEF and Strathcona employees. WEF Closes Fourth Capital Raise to Complete Acquisitions of Caltex and Tucker On January 31, 2022, WEF closed its fourth capital [Read more]
Strathcona Resources Ltd. announces closing of its private offering of U.S. $500 million of senior notes
CALGARY, AB - Strathcona Resources Ltd. ("Strathcona") announced today that it has closed its previously announced private offering (the "Offering") under Rule 144A and Regulation S of the U.S. Securities Exchange Act of 1933, as amended (the "U.S. Securities Act"), to eligible purchasers, of U.S.$500 million in aggregate principal amount of 6.875% senior unsecured notes due in 2026 (the "Notes"). Strathcona used the net proceeds from this Offering to repay a portion of the outstanding [Read more]
Strathcona Resources Ltd. announces pricing of its private offering of U.S. $500 million of senior notes
CALGARY, AB - Strathcona Resources Ltd. ("Strathcona") announced today that it has priced a private offering (the "Offering") under Rule 144A and Regulation S of the U.S. Securities Exchange Act of 1933, as amended (the "U.S. Securities Act"), to eligible purchasers, of U.S.$500 million in aggregate principal amount of 6.875% senior unsecured notes due 2026 (the "Notes"). The Offering is expected to close on or about July 20, 2021 subject to customary closing conditions. Strathcona intends [Read more]
Strathcona Resources Ltd. announces proposed private offering of U.S.$500 million of senior notes
CALGARY, AB - Strathcona Resources Ltd. ("Strathcona") announced today that it is planning to commence, subject to market and other conditions, a private offering (the "Offering") under Rule 144A and Regulation S of the U.S. Securities Exchange Act of 1933, as amended (the "U.S. Securities Act"), to eligible purchasers, of U.S.$500 million in aggregate principal amount of senior unsecured notes due 2026 (the "Notes"). Strathcona intends to use the net proceeds from this Offering, if [Read more]
Waterous Energy Fund announces the amalgamation of Strathcona Resources Ltd. and Osum Oil Sands Corp. and the closing of a new C$1.0 billion covenant-based credit facility
CALGARY, AB - Waterous Energy Fund ("WEF") today announced the closing of the amalgamation of its two portfolio companies, Strathcona Resources Ltd. ("Strathcona") and Osum Oil Sands Corp. ("Osum"). The amalgamated entity will continue in business under the name Strathcona Resources Ltd. and will remain 100% owned by WEF, WEF co-investors and Strathcona employees. Strathcona is the product of nine separate transactions completed by WEF since 2017, including three take-private transactions and [Read more]
Waterous Energy Fund announces the combination of Strath Resources Ltd. and Cona Resources Ltd. to create the leading private North American oil producer, Strathcona Resources Ltd
CALGARY, AB - Waterous Energy Fund ("WEF") today announced the amalgamation of two portfolio companies, Cona Resources Ltd. ("Cona") and Strath Resources Ltd. ("Strath"), to form Strathcona Resources, Ltd. ("Strathcona"). Strathcona is the largest wholly private equity-owned, oil-weighted producer in North America, with production of ~60,000 Boe / d (67% oil and liquids), a 40-year reserve life index, industry-leading full-cycle margins, and a base oil decline rate of approximately 10%, and low [Read more]
Strathcona announces Q4 2023 conference call
CALGARY, AB, Feb. 8, 2024 /PRNewswire/ - Strathcona Resources Ltd. ("Strathcona" or the "Company") (TSX: SCR) will release its fourth quarter 2023 financial and operating results after market close on March 26, 2024. Strathcona will host a conference call on March 27, 2024, starting at 9:00AM MT (11:00AM ET), to review the Company's fourth quarter 2023 results. Date: Wednesday, March 27, 2024 Time: 11:00AM ET (9:00AM MT) URL Entry: To join without operator [Read more]
TOP WELL REPORT – October volumes – Saskatchewan edition – Whitecap Resources has 27 year old Midale well that has produced over 1.7 million barrels of oil and still going strong
This edition of the TOP WELL REPORT focuses on the highest oil production rates for the month of October from the province of Saskatchewan. Often looking at the top wells in Western Canada will leave out wells from Saskatchewan, but because they are usually shallower and much lower cost than some of the deeper plays in AB/BC, the return on some of these wells are still excellent. As always, we use calendar day production metrics so these are real volumes produced in the month. The list of [Read more]
XI Technologies: Strathcona Resources Acquires Pipestone Energy
Each week, XI Technologies uncovers trends and insights using our enhanced data and software focused on the WCSB. If you’d like Word to the Wise delivered directly to your inbox, subscribe here. After a contentious vote, Pipestone Energy Corp (Pipestone) shareholders ultimately approved the deal to be acquired by Strathcona Resources Ltd. (Strathcona). Strathcona will now operate as the 5th largest oil producer in Canada, with a reported pro forma production of approximately 180,000 BOE/day, [Read more]
- « Previous Page
- 1
- 2
- 3
- 4
- …
- 7
- Next Page »