Acquisitions and Divestitures News in Canada

Enbridge Completes Partnership Agreement in Woodfibre LNG
11/29/2022 - Enbridge Inc. has completed the previously announced transaction relating to its partnership agreement with Pacific Energy Corporation Limited (Pacific Energy) to jointly invest in the construction an...
Source Rock Closes SE Saskatchewan Light Oil Royality Acquisition with Drill Commitment
11/28/2022 - Source Rock Royalties Ltd., a pure-play oil and gas royalty company with an established portfolio of light oil focused royalties in Saskatchewan and Alberta, announces that it has closed the acquisiti...
Shawcor Sells its Oilfield Asset Management Business
11/18/2022 - Shawcor Ltd. has sold its Oilfield Asset Management (“OAM”) operating unit to Force Inspection Services Inc. (“Force”), in a transaction generating at least C$15 million in gross proceeds. Shawcor wil...
Prospera Announces Closing of Light Oil Property Acquisition
11/14/2022 - Prospera Energy Inc. announces that further to the Corporation’s July 21, 2022 and September 1, 2022 press releases, the Corporation has closed this acquisition of a 50% working interest in Brooks, AB...
Enerplus to Focus on US Shale Following Canadian Divestiture
11/8/2022 - The Calgary, Alberta-based company announced the sale of its remaining Canadian assets located in Alberta and Saskatchewan to Surge Energy Inc. on Nov. 2 for total consideration of CA$245 million (US$...
Enerplus Announces Sale of Remaining Canadian Assets
11/2/2022 - Enerplus Corporation has entered into a definitive agreement to sell substantially all of its remaining Canadian assets located in Alberta and Saskatchewan (the "Assets") to Surge Energy Inc. ("Surge"...
Suncor Energy to Acquire Additional Working Interest in Fort Hills Project
10/26/2022 - Suncor Energy has agreed to purchase an additional 21.3% working interest in the Fort Hills Project and associated sales and logistics agreements from Teck Resources Limited, for consideration of $1 b...
Skyharbour Signs Option Agreement with Tisdale Clean Energy
10/20/2022 - Skyharbour Resources Ltd.’s has entered into an option agreement (the “Option Agreement” or the “Agreement”), dated October 19th, 2022, with Tisdale Clean Energy Corp. (“Tisdale”), which provides Tisd...
Jade Power Announces Unitholder Approval of Sale Transaction
10/20/2022 - Jade Power Trust is pleased to announce that its previously announced proposed sale of all of the Trust’s renewable energy operating assets (the “Sale Transaction”) was approved by holders (“Unitholde...
Tenth Avenue Petroleum Announces Closing of Light Oil Acquisition
9/30/2022 - Tenth Avenue Petroleum Corp. ("TPC" or the "Company") is pleased to announce that the Company has closed the acquisition of a light oil, high netback asset in Southern Alberta from Danzig Resources Lt...
Greencastle Acquires Criterium Energy Units
9/29/2022 - Greencastle Resources Ltd. is pleased to announce an initial investment in Criterium Energy Ltd. “Criterium”, an emerging, upstream energy company focused on the acquisition and development of oil and...
Alberta Indigenous Announces Largest Indigenous Energy Partnership in North America
9/28/2022 - Alberta Indigenous Opportunities Corporation (AIOC) is thrilled to announce a landmark deal between 23 Indigenous Nations and Enbridge in the purchase of an 11.57 per cent working interest in seven ma...
Indigenous Communities and Enbridge Announce Landmark Equity Partnership
9/28/2022 - Enbridge Inc. and 23 First Nation and Métis communities announced an agreement whereby the communities will acquire, collectively, an 11.57% non-operating interest in seven Enbridge-operated pipelines...
Topaz Announces Strategic Acquisition of Clearwater Rotlaity Assets
9/12/2022 - Topaz Energy Corp. is pleased to announce that in continuing with its profitable and accretive acquisition growth strategy, it has entered into definitive agreements with Deltastream Energy Corporatio...
Shawcor Sells its Lake Superior Consulting Business
9/6/2022 - Shawcor Ltd. has sold its Lake Superior Consulting (“LSC”) operating unit to a private investment group, including members of LSC management, in a transaction generating approximately C$8 million in g...
Prospera Announces the Completion of Strategic Light Oil Property Acquisition
9/1/2022 - Prospera Energy Inc. (PEI) has strategically acquired this light oil property to diversify its oil product mix and to realize higher margin. This acquisition is entirely success-based eliminating any ...
Imperial Completes Sale of Interests in Montney and Duvernay Assets
8/31/2022 - Imperial announced that together with ExxonMobil Canada, it has successfully completed the previously announced sale of XTO Energy Canada to Whitecap Resources Inc. for a total cash consideration of $...
Kiwetinohk Consolidates Montney Assets & Plans Increased Montney Drilling Program
8/24/2022 - Kiwetinohk Energy Corp. has entered into an agreement to acquire an additional 28.5% average working interest in Kiwetinohk-operated Montney assets in the Placid area for total cash consideration of $...
Crew Energy Announces $130 Million Non-Core Asset Disposition
8/18/2022 - Crew Energy Inc., a growth-oriented natural gas weighted producer operating exclusively in the world-class Montney play in northeast British Columbia (“NE BC”), announced today that we have successful...
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.

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