Related Articles
Forward article link
Share PDF with colleagues

Opportunity knocks for Canadian consolidation

Recent M&A deals and recovering oil prices showcase the potential for further activity in 2021

Intermediate Canadian oil and gas producers ARC Resources and Seven Generations Energy agreed in mid-February to a merger of equals, continuing the wave of consolidation that has swept the North American oil patch over the past year. The pro forma company, to operate under the ARC banner, aims to become a powerhouse producer in the Montney shale gas formation. Most of the acreage held by Seven Generations is on the Alberta side of the basin, while ARC’s assets are predominantly in northeastern British Columbia. The key drivers motivating M&A are WTI rebounding above $50/bl since the autumn, and the need for producers to gain size and scale, while slashing costs and improving access to



{{ error }}
{{ comment.comment.Name }} • {{ comment.timeAgo }}
{{ comment.comment.Text }}
Also in this section
Nigeria calls on explorers to stop waiting for PIB
25 February 2021
Nigerian authorities want IOCs to develop new projects in the country, but uncertainty over the Petroleum Industry Bill continues to deter investment
Biden shines spotlight on climate
25 February 2021
International collaboration will be crucial to achieving the Democrat government’s bold climate agenda
Australian shale gathers steam
25 February 2021
The sector may still be in its infancy, but the industry’s prospects have improved rapidly over the last six months
Sign Up For Our Newsletter
Project Data
PE Store
Social Links
Social Feeds
Featured Video