Sunday, April 19, 2026
Syncrude Plant Site

Hostile Takeover Bid Shakes Up Canadian Oil Sands

Husky targets MEG Energy The Canadian oil sands space is set for a shakeup, as Husky Energy (ticker: HSE) announced a hostile takeover bid for MEG Energy (ticker: MEG) over the weekend. Under the terms of Husky’s proposal, the company will pay each MEG shareholder either C$11 in cash or 0.485 shares of Husky, subject to a maximum cash consideration

Encana Sells San Juan Assets

Private E&Ps becoming dominant in San Juan Private companies continue to increase their hold on the San Juan basin, as Encana (ticker: ECA) announced the sale of its San Juan assets today. Encana will receive $480 million from Denver-based DJR Energy. Encana held 182,000 net acres in the San Juan, assets that produced 5.4 MBOEPD in 2017. This selling price

Industry Looks At USMCA

The API released a statement after the Trump Administration announced that Canada has joined an agreement with the United States and Mexico to form the United States, Mexico, and Canada Agreement (USMCA). Key provisions of the agreement related to the U.S. natural gas and oil industry include: Continued market access for U.S. natural gas and oil products, and investments in

Oil & Gas: Two Frac Sand Producers Idle Wisconsin Plants – What’s Going On?

Proppant plant slowdown announcements cited changing market demand and recent softness in completions activity and frac sand demand Last week, two of the largest proppant suppliers to the oil and gas industry announced pullbacks of frac sand production volume from some of their Wisconsin facilities. Houston-based Hi-Crush Partners (ticker: HCLP) said it has temporarily idled dry plant operations at its