Pengrowth

Pengrowth transforms into thermal oil, Montney gas focused company

Energy Financial

Pengrowth expects total thermal oil production to exceed 50,000 bbl per day Pengrowth Energy Corporation announced its third quarter 2017 financial and operating results and the completion of its strategic objective of focusing its asset base to its two growth assets, Lindbergh and Groundbirch, according to a press release. Pengrowth’s long-term development plan is centered on […]

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Is Pengrowth dumping $63 million of well/facility cleanup liability?

Jude on Alberta

“Sale was to one company and we are not disclosing the buyer nor the exact proceeds.” – Pengrowth Pengrowth Energy Corporation announced Wednesday that it has entered into an agreement to sell “matured legacy assets” from 36 properties – including  270 facilities and 1,600 wellbores – for a nominal cash consideration, ridding itself of perhaps

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Pengrowth sells remaining Swan Hills properties for $150 Million

Energy Financial

Properties have 31 million boe of proved plus probable reserves Pengrowth Energy Corporation announced it entered into a sale of its remaining Swan Hills assets in North Central Alberta for total cash consideration of $150 million, according to a press release. When combined with the approximate $18 million deposit from the initial sales process which

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Alberta energy brief: Pengrowth sells $827 million of asset of assets to reduce debt

Energy Financial

Pengrowth re-focuses on 100%-owned core areas, Birchcliffe reduces debt in order to fund capex   Pengrowth closes significant asset sales Pengrowth Energy Corp.’s Q2 2017 financial report highlights asset sales, as well as reductions to outstanding debt and cost structures, the company announced in a press release. Since the start of 2017, Pengrowth closed $827

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Alberta news brief July 14: Husky Energy invests in CO2 capture tech to support heavy oil ops

Canada

Also in this brief: Cenovus looks outside for CEO to replace to Brian Ferguson, Pengrowth sells Olds/Garrington area assets for $300 million Inventys, the developer of the VeloxoTherm™ System, a carbon dioxide (CO2) capture process, says it has raised $10 million of equity financing, with Husky Energy as lead investor. The money will fund a 30-tonne per day

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Alberta news brief July 7: 50% of Albertans opposed to carbon tax – Angus Reid

News

Albertans want government to “push back” against carbon tax, Pengrowth Energy sells Swan Hills assets for $185 million Wall St. Journal article gets it wrong on Keystone XL crude oil shipper commitments A recent story in the Wall St. Journal claims TransCanada is having trouble finding customers for its controversial Keystone XL pipeline that is planned

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