Logan Energy Corp. to Acquire Montney Assets in Simonette, Alberta from Public Oil and Gas Company Vendor

Cenovus Energy to Acquire MEG Energy in $7.9 Billion Deal; Strathcona to Purchase Vawn Thermal Project From Cenovus

October 27, 2025

Oil & Gas

Cenovus Energy entered into a definitive arrangement agreement to acquire MEG Energy in a $7.9 billion deal (inclusive of assumed debt), to be paid 75% in cash and 25% in Cenovus common shares, with the transaction expected to close in the fourth quarter of 2025 subject to approvals. Strathcona Resources simultaneously signed a voting support agreement to vote its MEG shares in favor of the Cenovus–MEG transaction, and announced it will purchase Cenovus’s Vawn thermal project and certain undeveloped thermal lands for initial consideration of $75.0 million plus up to $75.0 million in contingent consideration.

Blue Wolf Capital and Stonepeak Acquire LOGISTEC Corporation

January 9, 2024

Transportation

Blue Wolf Capital Partners, in partnership with Stonepeak, has completed the acquisition of Montreal-based LOGISTEC Corporation for approximately C$1.2 billion, taking the company private. Blue Wolf has committed to keep LOGISTEC's head office in Québec and plans more than C$200 million in capital expenditures and growth initiatives to expand the marine terminal and environmental services business.

Crescent Energy Acquires Uinta Basin Assets from Verdun/EP Energy for $690M

March 31, 2022

Energy

Crescent Energy Co. closed its purchase of Uinta Basin oil and gas assets in Utah for $690 million, acquiring approximately 145,000 contiguous net acres producing roughly 30,000 boe/d (about 65% oil). The assets were sold by Verdun Oil Co. II LLC (an EnCap Investments-backed vehicle) previously associated with EP Energy; Crescent said the deal expands its Rockies position and adds multiyear development inventory and cash flow.

Strathcona Resources Ltd. to Acquire Pipestone Energy Corp. in All-Share Transaction

August 1, 2023

Oil & Gas

Strathcona Resources Ltd. has entered into a definitive plan of arrangement to acquire all issued and outstanding common shares of Pipestone Energy Corp. in an all-share transaction that will combine the companies into a single public reporting issuer (AmalCo). The deal creates a larger, oil-weighted Canadian producer with complementary Montney and heavy oil assets, improving scale, reserve life and market relevance for Pipestone shareholders.

Tourmaline Oil Corp. Acquires Black Swan Energy Ltd. (and Paramount Birch Assets)

July 15, 2021

Oil & Gas

Tourmaline Oil Corp. closed its acquisition of Black Swan Energy Ltd. and also acquired Paramount Resources Ltd.'s Birch-area Montney lands and assets, consolidating key Northeast B.C. Montney positions. The transactions increase Tourmaline's production profile and complement a separate long-term gas supply agreement with Cheniere Energy to access LNG markets.

Viston United Swiss AG to Acquire Petroteq Energy Inc

January 10, 2022

Energy

Viston United Swiss AG, through its Ontario subsidiary 2869889 Ontario Inc., made an all-cash offer to acquire Petroteq Energy Inc. for C$0.74 per common share. The Petroteq board recommended shareholders tender, and the offer remained subject to regulatory conditions including CFIUS-related review while the tender period was extended multiple times.