Tag: sale
Cenovus pays off $940 million debt with Weyburn enhanced oil recovery sale
Acquisition includes a 62.1% interest in Weyburn(14,600 boe/d) and 200 boe/d of production from other assets Cenovus Energy Inc. agreed to sell its majority interest in the Weyburn carbon-dioxide enhanced oil recovery operation in Saskatchewan for cash proceeds of $940 million to Whitecap Resources, according to a press release. “We’re pleased with the progress we’ve […]
Largest oil and gas lease sale in US history set for Gulf of Mexico in March
March 2018 sale to offer 76.9 million acres in Gulf of Mexico U.S. Secretary of the Interior Ryan Zinke announced the Department is proposing the largest oil and gas lease sale ever held in the United States – 76,967,935 acres in federal waters of the Gulf of Mexico, offshore Texas, Louisiana, Mississippi, Alabama and Florida, […]
Is Pengrowth dumping $63 million of well/facility cleanup liability?
“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 […]
Cenovus reaches agreement to sell Palliser assets for $1.3 billion
Cenovus targeting $4 billion to $5 billion in asset sale agreements Cenovus Energy Inc. agreed to sell its Palliser crude oil and natural gas assets in southeastern Alberta to Torxen Energy and Schlumberger for cash proceeds of $1.3 billion, according to a press release. The sale is expected to close in the fourth quarter of […]
Osum closes royalty sale to fund oil sands expansion
Expansion expected to add 1,500 barrels per day of production Osum Oil Sands Corp., a private oil sands company, announced it has approved the commencement of the Phase 2B expansion at its Orion Thermal Project, according to a press release. In conjunction with this, Osum, through its wholly-owned subsidiary, Osum Production Corp., sold a 4 […]
Cenovus sells Suffield conventional oil/gas assets for over $500 million dollars
Swedish energy company International Petroleum Corporation has agreed to acquire 100 per cent ownership Cenovus Energy Inc. has agreed to sell its Suffield, AB and Alderson, AB crude oil and natural gas operations in southern Alberta to International Petroleum Corporation for gross cash proceeds of $512 million, according to a press release. Cenovus can also benefit […]
Cenovus sells Pelican Lake oil sands assets to CNRL for nearly $1 billion
Cenovus also selling Palliser assets in southern Alberta Calgary-based oil sands giants Cenovus Energy Inc. and Canadian Natural resources entered into an agreement for Cenovus to sell its Pelican Lake heavy oil operations as well as other assets in northern Alberta, for $975 million. The properties have combined production of 19,600 BOE/d with the sale expected to […]
Cenovus buys ConocoPhillips Western Canada deep basin gas assets
Cenovus issued 208 million common shares to ConocoPhillip ConocoPhillips announced a transaction with Cenovus to sell its 50 per cent non-operated interest in the Foster Creek Christina Lake oil sands partnership, as well as the majority of its western Canada Deep Basin gas assets, according to a press release. “With the completion of this transformational […]
ConocoPhillips sells San Juan Basin assets in New Mexico for $3 billion
Full-year 2016 production for San Juan Basin assets was 124,000 BOE per day ConocoPhillips announced it entered into an agreement to sell its interests in the San Juan Basin to an affiliate of Hilcorp Energy Company for up to $3.0 billion of total proceeds, comprised of $2.7 billion in cash and a contingent payment of up to $300 […]
Pengrowth sells Alberta properties for $180 million
Pengrowth will use the sale to further reduce its level of debt Pengrowth Energy Corporation announced it entered into an agreement for sale of a portion of its Swan Hills assets in North Central Alberta for total cash consideration of $180 million, the company said in a press release. The sale of the Swan Hills assets […]
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