Rubicon Oilfield International, backed by Warburg Pincus, acquired the assets, people and operating business of Calgary, Alberta-based World Oil Tools for an undisclosed amount.
Encana's cube development and advanced completions have led to a 20% increase in the company's Permian type curves and 700 new premium return locations.
Cenovus will replace CEO Brian Ferguson, who championed an unpopular purchase of western Canadian oil sands assets from ConocoPhillips, though it failed to name a successor.
Schlumberger formed a JV with HEAL Systems, formerly Production Plus Energy Services, to develop the company's production optimization technology and business in the U.S. and Canada.
Bellatrix Exploration is selling noncore assets to infuse capital into its Spirit River natural gas play in Western Canada's Deep Basin, the Calgary, Alberta-based company said.
Crew Energy said it would temporarily suspend production at its Montney facility after Alliance Pipeline Ltd. Partnership detected slope movement near a pipeline close to the Wapiti River.
CAPP survey shows that global customers favor Canada oil because of country’s climate change policies.
Centrica said June 9 it would sell its 60% stake in its Canadian oil and gas E&P joint venture to a consortium for about 240 million pounds (US$305 million).
The deal marks Encana’s exit from the northwestern Colorado basin where the company held roughly 550,000 net acres and 3,100 operated wells.
USD Partners said June 5 it acquired a crude oil terminal in Oklahoma to support growing oil sands production in Western Canada.