Ovintiv to Boost 2024 Free Cash Flow to Nearly $2B
Ovintiv management reported its on track to generate $1.9 billion in 2024 free cash flow but skirted a question about the company’s possible pursuit of Midland Basin E&P Double Eagle.
Montney Pure-play Advantage Energy Makes $326MM Acquisition
Calgary-based Advantage Energy is acquiring undeveloped inventory and around 14,100 boe/d of production in a CAD$450 million (USD$326.77 million) deal with a private seller.
Production from Canada’s Montney, Duvernay Gains Momentum
The dust has settled on acquisitions, and the leading players have publicized five-year plans that demonstrate a commitment to increasing production from Canada’s premier shale plays.
Crescent Point Buying Alberta Montney E&P in $1.86 Billion Deal
Crescent Point is extending its premium drilling inventory in the Alberta, Canada, Montney Shale with a roughly US$1.86 billion (CA$2.55 billion) acquisition of Hammerhead Energy.
Cheaper Canadian Oil, Gas Valuations Lure Potential US Buyers North
The largely untapped potential of Canadian shale is a draw for investors.
Ovintiv CEO McCracken: Magnifying Margins
Ovintiv President and CEO Brendan McCracken has beefed up the E&P’s portfolio with a major acquisition in the Permian and added exposure to the lucrative Canadian LNG market.
The OGInterview: Ovintiv Magnifies Margins [WATCH]
Ovintiv President and CEO Brendan McCracken has beefed up the E&P’s portfolio with a major acquisition in the Permian and added exposure to the lucrative Canadian LNG market.
Analysts: Top-Tier Drilling Inventory Shrinking as Well Costs Rise
The cost of supply for North American shale producers is expected to continue rising, according to a recent analysis by Enverus Intelligence Research.
Murphy Oil Closes $104MM Divestiture of Non-Core Canada Assets
Murphy Oil sold non-core assets in western Canada for $104 million in cash, with proceeds earmarked for new development in Africa and Asia.
Baytex Energy Declares Quarterly Dividend
Baytex Energy Corp.’s board of directors has declared a quarterly cash dividend amounting to CA$0.0225 per share, payable on Oct. 2.