Dan Rutherford

MEG Energy reported its Q4 results late last week. Along with the results, the company announced a CEO succession plan, with the appointment of Darlene Gates, the Corporation’s current Chief Operating Officer, to succeed Mr. Evans as President and Chief Executive Officer. MEG’s stated use of free cash flow (FCF) has been directed 50% to

Woodside Energy Group, an Australian company, reported its Q4 yesterday, and contained within the report was a notable transaction in Canada. The transaction describes a joint venture in the Liard Basin in Canada with Paramount Resources, where Paramount will assume operatorship of a 50/50 joint venture in all Liard leases. Source: Woodside Energy Group Fourth

Using BOE Intel’s public data mineral rights transfer tool, we noticed last week that Baytex acquired 66 net sections (16,896 hectares) of mineral rights near the company’s existing Peace River acreage. The mineral rights were transferred from Grizzly Oil Sands ULC on January 11th, 2024. Pictured below is the mineral rights transfer. Figure 1 -

The November data is out for the highest producing oil and gas wells in Canada. As always, we use calendar day production metrics so these are real volumes produced in the month, and averaged over a 30 day period. The list of the top 15 liquids wells (oil + condensate) and top 15 natural gas

Ovintiv has a bit of a reputation for blasting a lot of natural gas into the Canadian market at the drop of a hat. It’s probably an unfair reputation, but it is the direct result of having some of the best Montney acreage around, and routinely drilling the most prolific natural gas wells in Canada.

Canadian Natural Resources is the largest and one of, if not the most respected name in the Canadian energy sector. As such, it is always interesting to follow what the company is up to, where it is allocating its capital, and any changes in asset mix or activity levels. That’s why it was noteworthy over

The September data is out for the highest producing oil and gas wells in Canada. As always, we use calendar day production metrics so these are real volumes produced in the month. The list of the top 15 liquids wells (oil + condensate) and top 15 natural gas wells based on production from the month

Mergers & acquisition activity in the Canadian energy sector continues to the most active we have seen in many years. Yesterday, Crescent Point Energy announced its second transformational acquisition in the Alberta Montney within the calendar year. Crescent Point announced that it was acquiring Hammerhead Resources for $2.55 billion. This follows up on the company’s

IPC Canada released its Q3 report recently, and the company did highlight some recent M&A transactions that have transformed the company’s asset base. While the Blackrod oil sands project remains a major focus for IPC, these transactions do provide some insight into the company’s other areas of interest. The Q3 report cites the completion of

BOE Intel picked up on a small mineral rights transfer yesterday in a hotly contested area, from a land broker to Shell Canada. The mineral rights transfer was for 5 sections, a minor blip for a company of Shell’s size but noteworthy given industry interest in the Montney south of Grande Prairie. In the BOE

The Alberta Deep Basin was in focus again yesterday, as Tourmaline announced that it is acquiring Bonavista Energy for $1.45 billion. Tourmaline will pay half cash ($725 MM), and half common shares ($725 MM) to acquire more than 60,000 BOE/d of production. This transaction comes right on the heels of Peyto announcing that it was

Today it was announced that Pipestone Energy shareholders approved the deal to be acquired by Strathcona Resources. It was a contentious few weeks amongst Pipestone shareholders as dissenting voices emerged, with both sides expressing strong opinions in the public forum. Ultimately it seems like a big win for Strathcona and really adds to the company’s

Logan Energy is the newest public Montney company after its spinout from Spartan Delta, bringing with it Rick McHardy as President & CEO and some team members from Spartan. The company just reported its first quarter as a public company and already looks to be hard at work building out its resource base. Not mentioned

For much of the last year, BOE Intel has been able to highlight A&D transactions that otherwise might not get press released, or sometimes would only get mentioned later on. BOE Intel’s AER licence transfer mapping tool and mineral rights transfer tool have allowed users to get the jump on transactions happening in and around

The December data is out for the top Clearwater wells. As always, we use calendar day production metrics so these are real volumes produced in the month. The list of the top 15 Clearwater oil wells from the month of December is below. You can also click on the link here to view the wells

Our AER transfers page has picked up another interesting bit of M&A, with HWN Energy acquiring some assets from Bonavista Energy. 470 wells, 68 facilities and 191 pipelines are pending approval from the AER. We have gone ahead and mapped some of the affected locations on the Petro Ninja maps below. The Bonavista lands affected

Windfall profit taxes sure garnered lots of headlines in 2022. Many European countries enacted windfall profit taxes on the oil and gas sector, and many others debated them. In the US, President Biden did refer to them as a possibility at one point, although that hasn’t seemed to gain much traction as of yet. Many

We continue to notice impressive Charlie Lake oil wells popping up on our overall TOP WELL REPORTS, and thought it would be a good idea to see which companies had the highest oil rates in the play for the month of November. While we decided to only analyze the oil rates, it should be noted

Following up on the recent Duvernay transaction between Crescent Point and Paramount, we thought it would be worthwhile to take a look at the top Duvernay wells based on production in the public domain for the month of October. To better understand these wells, we’ve broken them down into the Top 15 Duvernay liquids wells

Our new TOP WELL REPORT feature has been reporting on the top oil and natural gas wells drilled in Western Canada for the last couple of months, and today we look at the best Clearwater oil wells from the month of September. As always, we use calendar day production metrics so these are real volumes