2021 Was A Busy One On The M&A Front In Canada
Last year was an eventful one on the M&A front in Western Canada.
Headlines -
Rig Locator: Cenovus Most Active Operator This Morning
Drilling rig activity in Western Canada and the Top 10 active operators as of Jan. 6, 2022 as reported this morning by Rig Locator.
North American Construction Group Reports Employee Fatality
North American Construction Group Ltd. reported that there has been a fatality at the Millennium mine in Fort McMurray.
TC Energy’s Keystone Pipeline Resumes Operations
Oil Extends Rally On Kazakhstan Unrest And Libyan Outages
CSUR: BC Government Update #2, Jan. 12, 2022
Join us to hear representatives from both the BC Ministry of Energy, Mines and Low Carbon Innovation and the BC Oil and Gas Commission.
Precision Reports Increased Demand For Drilling Services, Alpha Technologies And Evergreen Solutions
In the fourth quarter of 2021, Precision Drilling Corporation’s average active rig count was 52 for Canada, 45 for the U.S., and six internationally.
Precision Introduces Capital Allocation Framework Through 2025
Precision Drilling Corporation’s debt reduction plans will continue with the goal of repaying over $400 million in debt over the next four years and reaching a sustained net debt to adjusted EBITDA ratio of below 1.5 times.
Obsidian Completes Drilling Program On Schedule; Updates Hedging
Obsidian Energy Ltd.’s second-half 2021 drilling activity was completed on schedule.
Obsidian Continued With Well Abandonment Efforts In Q4
Obsidian Energy Ltd. says that with additional support from the Alberta Site Rehabilitation Program (SRP) received through Periods 7 and 8 allocation, total support from the ASRP increased to over $35 million of grants and allocations.
AltaGas Announces $300 Million Hybrid Note Offering
AltaGas Ltd. has priced an offering of $300 million of 5.25 per cent fixed-to-fixed rate subordinated notes, Series 1 due Jan. 11, 2082.