Acquisitions and Divestitures News in Canada

Enerplus Announces Sale of Certain Canadian Assets
7/28/2022 - Enerplus Corporation has entered into a definitive agreement to sell certain Canadian assets (the "Assets") located in Alberta to Journey Energy Inc. ("Journey") for total consideration of CDN$140 mil...
Journey Energy Enters into Agreement for Strategic Acquisition
7/28/2022 - Journey Energy Inc. has entered into a definitive agreement for the strategic acquisition of producing petroleum and natural gas assets in Alberta.

ACQUISITION OF ASSETS
Journey today...
High Arctic Closes Sale of its Canadian Well Servicing & Canadian Snubbing Businesses
7/28/2022 - High Arctic Energy Services Inc. has closed the previously announced sale of High Arctic’s Canadian well servicing business to Precision Drilling Corporation (“Precision”) by asset purchase agreement ...
Nexii Announces Non Binding LOI to Acquire Solar Earth
7/21/2022 - Nexii Building Solutions Inc. (Nexii) is pleased to announce that it has entered a non-binding letter of intent (LOI) to purchase Solar Earth Technologies Ltd. (Solar Earth), a manufacturer of hardene...
Prospera Acquires Light Oil Property
7/21/2022 - Prospera Energy Inc. ("Prospera") (FRA) is pleased to announce its recent strategic property acquisitions to increase PEI asset value.

Pursuant to an arms-leng...
EverGen Completes the Acquisition of a 67% Interest in GrowTEC
7/14/2022 - EverGen Infrastructure Corp., Canada’s Renewable Natural Gas (“RNG”) Infrastructure Platform, is pleased to announce it has completed the acquisition of a 67% interest in Alberta’s Grow the Energy Cir...
StorageVault Completes the Purchase of 6 Storage Assets
6/30/2022 - STORAGEVAULT CANADA INC. (“StorageVault”) is pleased to announce that, further to its May 12, 2022 news release, it has completed the acquisition of 6 stores (collectively, the “Acquisitions”) from 6 ...
Imperial Announces Sale of Interests in Montney and Duvernay Assets
6/28/2022 - Imperial announced that together with ExxonMobil Canada, it has entered into an agreement with Whitecap Resources Inc. for the sale of XTO Energy Canada, which is jointly owned by Imperial and ExxonMo...
EverGen Acquires 50% Interest in Project Radius
6/22/2022 - EverGen Infrastructure Corp., Canada’s renewable natural gas (“RNG”) infrastructure platform, announces that it has been featured in a broadcast via NetworkNewsAudio (“NNA”), a solution that delivers ...
Cenovus is Acquiring a 50 Percent Stake in the Sunrise Oil Sands Venture
6/13/2022 - Cenovus Energy Inc.(CVE) has reached an agreement to purchase the remaining 50% of the Sunrise oil sands project in northern Alberta from bp. Total consideration for the transaction includes $600 mill...
Saturn Oil & Gas Announces Accretive Viking Light Oil Acquisition in Saskatchewan
5/31/2022 - - Strategic $260 million asset acquisition expands Saturn's proforma production by over 50% on closing to ~11,4001 boe/d to be funded by combination of term debt and a $65 million bought-deal subscrip...
NuStar Energy L.P. Closes on Sale of Terminal in Nova Scotia
4/29/2022 - NuStar Energy L.P. has closed on the sale of its terminal in Nova Scotia, Canada to EverWind Fuels for $60 million. The 7.8 million-barrel storage terminal is located at Point Tupper on the Strait of ...
TC Energy to Sell 10% Interest in the Coastal GasLink Pipeline
3/9/2022 - TC Energy Corporation (TRP) (TC Energy) announced signing of option agreements to sell a 10 per cent equity interest in the Coastal GasLink Pipeline Limited Partnership to Indigenous communities acros...
Macquarie Asset Management Consortium Agrees to acquire Reden Solar
3/8/2022 - Macquarie Asset Management, in a consortium with British Columbia Investment Management Corporation (BCI) and MEAG, has reached an agreement to acquire Reden Solar from InfraVia Capital Partners and E...
EverGen Signs LOI to Acquire a 67% Interest in Alberta Based Renewable Natural Gas Facility
3/7/2022 - EverGen Infrastructure Corp., Canada’s Renewable Natural Gas (“RNG”) Infrastructure Platform is pleased to announce it has entered into a letter of intent (“LOI”), with Grow the Energy Circle Ltd. (“G...
EverGen Signs LoI to Acquire a 67% Interest in Alberta Based Renewable Natural Gas Facility
3/7/2022 - EverGen Infrastructure Corp., Canada’s Renewable Natural Gas (“RNG”) Infrastructure Platform has entered into a letter of intent (“LOI”), with Grow the Energy Circle Ltd. (“GrowTEC”), in its capacity ...
Imperial to Market Interests in Montney & Duvernay Assets
1/12/2022 - Imperial (IMO) announced its intention to market its interests in XTO Energy Canada jointly with ExxonMobil Canada. Imperial and ExxonMobil Canada each own 50 percent of XTO Energy Canada, which inclu...
Pine Cliff Announces Strategic Acquisition
12/21/2021 - Pine Cliff Energy Ltd. has entered into a definitive agreement (the "Agreement") to acquire all of the issued and outstanding common shares of a privately held oil and gas company for a cash purchase ...
Cenovus Announces Sale of Tucker Asset for $800M
12/16/2021 - Cenovus Energy Inc. (CVE) has reached an agreement to sell its Tucker thermal asset for total cash proceeds of $800 million. Proceeds from this transaction will further accelerate the company’s reduct...
PrairieSky Closes Acquisition of Western Canadian Royalty Assets
12/15/2021 - PrairieSky Royalty Ltd. has closed the previously announced acquisition from Heritage Royalty of over 1.9 million acres of royalty lands throughout Alberta, Saskatchewan and Manitoba (the “Royalty Lan...

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