Exploration & Production | Deals - Acquisition, Mergers, Divestitures
Arcan, PetroBakken Ink Beaverhill Farm-Out Deal
Print
|
Arcan Resources Ltd. has entered into farm-out agreements with PetroBakken Energy Ltd. whereby PetroBakken will earn up to 21.5 (11.25 net) sections of land by drilling five commitment wells and two option wells. Arcan has also been made aware that PetroBakken has acquired a total of 16,605,900 common shares of Arcan through market purchases, which represents approximately 17% of the total issued and outstanding common shares of Arcan on a non-diluted basis.
Management views the interest shown by PetroBakken in purchasing Arcan shares, together with the farm-outs and other transactions relating to the Beaverhill Lake light oil resource play announced in PetroBakken's news release issued on December 3, 2012, as providing further evidence of the significant light oil development potential…
- ✓ Full news archive — U.S., Canada & international coverage
- ✓ A&D transactions — asset deals, corporate M&A, assets for sale
- ✓ Permits & completions data, plus 900,000+ slides & presentations
Canada News
Western Canada Upstream M&A: Q1 2026 Transaction Report
Western Canadian M&A activity in Q1 2026 was characterized by a 87% decrease in total deal value compared to Q1 2025, totaling $0.8 billion C$. However, transaction volume…
Canadan E&P 2026 Program Calls for 448 Net Wells, Up 24% vs. 2025 Plan
Canadian Natural Resources outlined a 2026 operating capital budget of approximately $6.3 billion (total capital budget $6,425 million, including $125 million for carbon capture) targeting 1,590–1,650 MBOE/d of…
EIA’s “Glut” Calls: The 2025 Surplus Claim — and How 2021–2024 Forecasts Actually Held Up
The “~2.2 MMb/d glut in 2025” framing traces to the EIA’s Short-Term Energy Outlook (STEO), December 2025. EIA doesn’t usually write “glut” in the tables—what they publish is…
Whitecap Details 2026 Duvernay & Montney Program
Whitecap Resources reported strong third quarter 2025 operating and financial results, marking its first full quarter following the strategic combination with Veren that closed on May 12, 2025.…
ARC Resources: Lower 2026 Capex, Higher Volumes
ARC Resources used its third quarter update to reinforce a familiar message to Canadian E&P executives: disciplined capital, structurally better market access, and a growing shareholder return program…