Operator · Cardium Shale, Duvernay Shale & Montney Shale
Lightstream Resources Ltd.
Acquired in December 2016 by Ridgeback Resources. The snapshot below reflects historical activity.
About
Exploration & Production
- WebsiteVisit →
- AddressCalgary Alberta
- Phone403 268 7800
- Acquired byRidgeback Resources
Acquisition chain
Forward & backward M&A lineage
- Lightstream Resources Ltd. (this company)
- Ridgeback Resources
Drilling activity
No activity recorded
No active rigs
Operations transferred to Ridgeback Resources. Live rig records sit under the successor.
Recent activity
Lightstream Resources Suspends Drilling & Completion Activity
As a result of the Company's failure to make the June 15 semi-annual interest payment on our Secured Notes by July 15, 2016, the Company triggered defaults under...
Cash-Strapped Lightstream Proposes Debt-for-Equity Swap
Canadian E&P Lightstream Resources is desperately trying to pay down their debt after they have missed a series of interest payments on outstanding loans.
Lightstream Restricts 1Q Drilling as it Looks to Improve Balance Sheet
Borrowing base was reduced from $550 million to $250 million in April - Currently the Company has $371 million outstanding under the credit facility.
Cardium/Bakken E&P Borrowing Base Sliced 50%; Issues Warning
Lightstream Resources Ltd. has announced that the semi-annual borrowing base re-determination under our syndicated secured termed credit facility has been completed and the borrowing base has been reduced...
Lightstream's Production Dips 22% in 2015
Annual average production was 31,392 boepd (72% light oil and liquids weighted), a decrease of 22% from our average 2014 production level of 40,420 boepd (78% light oil...
Latest news mentioning Lightstream Resources Ltd.
Deals
Closing Announcement - December 30, 2016 Lightstream Resources has closed the sale of substantially all of the assets and business of the…
Closing Announcement - September 30, 2014 Crescent Point Energy Corp. reported that the previously announced agreement to acquire certain…
Lighstream Resources Ltd has announced an asset disposition. In November 2013, we outlined a plan to sell at least $600 million of non-core…
Permits
No active permits
Operations transferred to Ridgeback Resources. Live permits sit under the successor.