Acquisitions and Divestitures News in Canada

Razor Closes Strategic Light Oil Consolidation Acquisition
8/12/2021 - Razor Energy Corp. has closed its acquisition of certain non-operated working interest assets in its Swan Hills, Alberta core region (the “Assets”) for a total purchase price of $5 million cash, subje...
Razor Energy Announces Strategic Light Oil Consolidation Acquisition in Swan Hills
8/4/2021 - Razor Energy Corp. has entered into a definitive agreement to acquire certain non-operated working interest assets in its Swan Hills, Alberta core region (the “Assets”) for a total purchase price of $...
Irving Oil Announces Divestiture of Canaport LNG Ownership Interest
8/3/2021 - Irving Oil announces the divestiture of its 25% ownership interest in Canaport LNG, with full ownership to be assumed by the existing majority owner, Repsol SA. ...
Topaz Announces Acquisition of Additional Royalty Assets in NEBC
7/15/2021 - Topaz Energy Corp. is pleased to announce that in furtherance of its growth strategy of acquiring low-risk, premium royalty interests to generate free cash flow(1) growth, it has entered into definiti...
Spartan Delta Announces Strategic Acquisitions & Provides Operational Update
6/22/2021 - Spartan Delta Corp. ("Spartan") (SDE) is pleased to announce strategic asset acquisitions in the Gold Creek and Simonette areas. Total consideration for the acquisitions is approximately $10.1 million...
Pond Technologies Announces Sale of Pembina Petroleum and Natural Gas Assets
6/21/2021 - Pond Technologies Holdings Inc., an ESG company addressing global sustainability challenges of climate change and nutrition, is pleased to announce it completed a transaction with Grizzly Resources Lt...
Spruce Ridge Acquires Oil and Gas Wells in Saskatchewan
6/18/2021 - Spruce Ridge Resources Ltd. has an agreement to purchase certain mineral leases with petroleum and natural gas rights, plus oil and gas wells, pipelines and facilities in the Unity area of southwester...
Suncor & Terra Nova co-owners Reach Agreement in Principle on Terra Nova
6/16/2021 - Suncor advised that the co-owners of the Terra Nova Floating, Production, Storage and Offloading (FPSO) facility and associated Terra Nova Field (“Terra Nova” or “the project”) have reached an agreeme...
Petro Viking Executes Agreement to Acquire 100% of Avila Energy's Interests
6/14/2021 - Petro Viking Energy Inc. is pleased to announce the proposed asset purchase of 100% of Avila’s interests in 53,835 Acres, 43,935 Acres (Net), of mineral rights, associated wells, pipelines and facilit...
Perisson Announces Increase in Its Working Interests
6/8/2021 - Perisson Petroleum Corp. has exercised several right of first refusal options (the 'ROFR Interest'), resulting from the sale of property in the area by a working interest partner. The closing of the s...
Haisla Nation Partners with Pembina Pipeline in Proposed Cedar LNG Project
6/8/2021 - The Haisla Nation and Pembina Pipeline Corporation ("Pembina") (PBA) are pleased to announce a partnership agreement whereby Pembina will become the Haisla Nation's partner in the development of the p...
Saturn Oil & Gas Closed Acquisition of Southeast Saskatchewan Light Oil Assets
6/7/2021 - - Saturn’s forecast 24-month free cash flow enough to repay senior term loan and subordinated notes in full
- Mission is to continue to be an acquirer of accretive assets in Western Canada
...
Crescent Point Closes Agreement of Non-Core Southeast Saskatchewan Conventional Assets
6/7/2021 - Crescent Point Energy Corp. has completed the disposition of its remaining non-core southeast Saskatchewan conventional assets ("Assets"), which were previously identified as disposition candidates, f...
Enbridge Announces $1.14B Sale of its Financial Interest in Noverco
6/7/2021 - Enbridge Inc. announced that a subsidiary of Enbridge has entered into a definitive agreement to sell its 38.9% non-operating minority ownership interest in Noverco Inc. (Noverco) to Trencap L.P. for ...
i3 Energy Announces Strategic Acquisition in its Core Simonette Area
5/31/2021 - i3 Energy, an independent oil and gas company with assets and operations in the UK and Canada, has announced the execution of a strategic acquisition in its core Simonette area, taking operatorship an...
Topaz Announces Strategic Acquisitions of Royalty & Infrastructure Assets
5/18/2021 - Topaz Energy Corp. is pleased to announce that in furtherance of its growth strategy of acquiring low-risk, premium growth royalty interests complemented by stable infrastructure revenue to generate f...
Woodside to Exit Kitimat LNG
5/18/2021 - Woodside has decided to exit its 50% non-operated participating interest in the proposed Kitimat LNG (KLNG) development, located in British Columbia, Canada.

The exit will include the dives...
Cenovus Sells Marten Hills Royalty Interest for more than $100M
5/18/2021 - Cenovus Energy Inc. has sold its gross overriding royalty (GORR) in the Marten Hills area of Alberta to Topaz Energy Corp. for gross cash proceeds of $102 million. The sale successfully closed today w...
ROK Resources Announces Closing of Previously Announced Asset Acquisition
5/3/2021 - ROK Resources Inc. has closed on its previously announced bolt-on acquisition (the "Acquisition") of certain non-operated producing oil and gas assets (the "Asset") in Southern Saskatchewan, along wit...
Enerplus Closes Acquisition of Williston Basin Assets
4/30/2021 - Enerplus Corporation has closed its previously announced acquisition of Williston Basin assets from Hess Corporation for a total cash purchase price of US$312 million, subject to normal purchase price...

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