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Black Swan

Articles from Black Swan

Ovintiv Builds Permian West Texas Options, Dumps Bakken in Twin Deal with EnCap

M&A

Ovintiv Builds Permian West Texas Options, Dumps Bakken in Twin Deal with EnCap

Ovintiv Inc. signaled last month that the focus this year would be Permian Basin oil, and on Monday, the Denver independent advanced those ambitions by striking a nearly $4.3 billion cash-and stock deal to build West Texas inventory.  “Substantially all leasehold interest and related assets” were acquired from companies managed by private equity (PE) giant…

April 3, 2023
Tourmaline Continues North Montney Expansion with Eyes on Canadian LNG

E&P

Tourmaline Continues North Montney Expansion with Eyes on Canadian LNG

Tourmaline Oil Corp. is beefing up its North Montney Shale holdings with the C$1.1 billion ($900 million) purchase of privately held Black Swan Energy Ltd., a deal that could position supplies for the Canadian liquefied natural gas (LNG) market.  Tourmaline said Friday the purchase was an “important component” of its ongoing consolidation strategy in the…

June 11, 2021