The wait is over for Canadian oil and gas operators.

Tourmaline Energy Corp.’s $1.3-billion deal to acquire Crew Energy Inc. could be the precursor to increased western Canadian oilpatch merger and acquisition (M&A) activity, especially in resource plays like the Montney and Duvernay.

Advantage Energy Ltd. appointed David G. Smith to its board of directors, effective Sept. 1, 2024.

Robb Thompson, chief financial officer and corporate secretary of Bonterra Energy Corp., will retire from the company effective Oct. 31, 2024.

ConocoPhillips appointed Nelda J. Connors to serve as a board member.

Paramount Resources Ltd. has confidentially acquired over a multi-year period approximately 167 sections of wholly-owned Montney rights in the Sinclair area of Alberta at a total cost of approximately $51 million.

Winterhawk Well Abandonment Ltd. announced the sale of a minority ownership interest for an undisclosed amount to Zefiro Methane through its subsidiary Plants & Goodwin Inc. (P&G).

Tidewater Renewables Ltd., with the support of its debt capital providers, has obtained an interim extension of the maturity of its $175 million first lien senior credit facility, and its $25 million of additional debt capacity under the second lien term debt facility, from Aug. 30, 2024 to Sept. 18, 2024.

Prairie Provident Resources Inc. announced an extension to the maturity date of its senior secured credit facility until Sept. 20, 2024 as well as the deferral of all interest payment obligations.