Thursday, January 9, 2025

Vermilion Energy Acquires $90.8 Million Producer in SE Saskatchewan and SW Manitoba

Vermilion Energy Inc. (ticker: VET) has entered into an arrangement to acquire all of the issued and outstanding common shares of a private southeast Saskatchewan producer for total cash consideration of $90.8 million. The purchase price will be funded from Vermilion’s existing credit facilities, the company said in a press release. The deal is expected to close on or about

Raging River Exploration: EnerCom Dallas Conference Presenter

Raging River Exploration Inc. (ticker: RRX) is an oil and gas producer focused primarily in the Viking oil play in Alberta and Saskatchewan. 2018 CapEx and guidance Raging River plans to spend $335 million in 2018, with the majority of funds—$282 million—going toward its Viking assets in Alberta and Saskatchewan. The Duvernay light oil play will receive approximately $53 million

Whitecap Resources Inc. Closes $940 Million Saskatchewan Deal

Whitecap Resources Inc. (ticker: WCP) announced that it closed its acquisition of light oil assets in southeast Saskatchewan for cash consideration of $940 million before closing adjustments. The acquisition includes a 62.1% operated working interest in the Weyburn Unit (14,600 BOEPD) and 200 BOEPD of production from minor assets in southeast Saskatchewan. The Weyburn Unit is a carbon dioxide enhanced

Newalta Corporation – Day One Breakout Notes

Newalta Corporation presents at EnerCom’s The Oil & Gas Conference®  During Newalta Corporation’s breakout session, management was asked the following questions:  The business model you have – serving three from one facility – couldn’t your competitors do the same thing?  The $200 million you spent in 2014 and 2015, was spent on what?  What percentage of your total fleet is

Crescent Point Energy – Day Three Breakout Notes

Crescent Point Energy presents at EnerCom’s The Oil & Gas Conference®  During Crescent Point Energy’s breakout session, management was asked the following questions: What formations are you targeting in Uinta? Can you touch on the market in Uinta? How many unbooked locations do you have in Uinta? Where do you think you can improve on your well costs in Uinta?