Core Viewpoint - Strathcona Resources Ltd. has successfully closed its Montney asset sales for a total value of approximately $2.86 billion, transitioning to a pure-play heavy oil company with plans for significant production growth by 2031 [1][2]. Group 1: Asset Sales and Financial Position - The total value of the Montney asset sales is approximately $2.86 billion, including closing adjustments, with the Groundbirch asset sale closing on June 1, 2025, and the Kakwa and Grande Prairie assets closing on July 2, 2025 [1][6]. - Strathcona is now producing approximately 120 Mbbls/d (100% oil) and aims to grow production to 195 Mbbls/d by 2031, supported by a 50-year 2P reserves life index [2][20]. - The company currently holds approximately $200 million in positive net cash and marketable securities after debt deductions, which includes shares in Tourmaline Oil Corp. and MEG Energy Corp. [2][13]. Group 2: Strategic Alternatives and Engagement with MEG - Strathcona expressed disappointment over the MEG Board's lack of dialogue regarding its original offer submitted on April 28, 2025, despite the board's decision to pursue a strategic alternatives process [3][4]. - Feedback from MEG shareholders indicates a desire for the MEG Board to engage with Strathcona to explore mutually beneficial outcomes [4][20]. - Strathcona remains committed to engaging with MEG shareholders ahead of the September 15 tender deadline for its offer to acquire MEG shares [4][7]. Group 3: Company Overview - Strathcona is recognized as one of North America's fastest-growing oil and gas producers, focusing on thermal oil and enhanced oil recovery through innovative growth strategies [5]. - The company's common shares are listed on the Toronto Stock Exchange under the symbol SCR [5].

CALGARY, Alberta, July 02, 2025 (GLOBE NEWSWIRE) -- NuVista Energy Ltd. (TSX:NVA, "NVA" or "NuVista") is providing revised guidance to our annual production volumes and reiterating our commitment to our shareholder return strategy. Due to continued delays in commissioning the Pipestone Gas Plant (“Pipestone Plant”) and additional required work discovered during a gas plant turnaround in the greater Wapiti area (“Wapiti Turnaround”), we now anticipate annual volumes to average approximately 83,000 Boe/d(1). ...

Group 1 - Coterra Energy (NYSE: CTRA) has partially reversed its decision to reduce its H2 2025 Permian development plans, now planning to operate 10 drilling rigs in the Permian during the second half of the year [2] - The company is focusing on both value opportunities and distressed plays, with a significant emphasis on the energy sector [2] - The analyst Aaron Chow has over 15 years of analytical experience and is recognized as a top-rated analyst on TipRanks, contributing to the insights on Coterra Energy [2] Group 2 - The article highlights the importance of exclusive research and access to a portfolio of historic research, which includes over 1,000 reports on more than 100 companies [1] - The investment group Distressed Value Investing aims to provide insights into various companies and opportunities within the energy sector [1] - The article does not provide specific financial metrics or performance data for Coterra Energy [3]

CALGARY, Alberta, July 02, 2025 (GLOBE NEWSWIRE) -- Petrus Resources Ltd. (“Petrus” or the “Company”) (TSX: PRQ) is pleased to confirm that its Board of Directors has declared a monthly dividend in the amount of $0.01 per share payable July 31, 2025, to shareholders of record on July 15, 2025. The dividend is designated as an eligible dividend for Canadian income tax purposes. Dividend Reinvestment Plan ("DRIP")Petrus' DRIP enables eligible shareholders to reinvest all or part of their cash dividends into a ...

CALGARY, Alberta, July 02, 2025 (GLOBE NEWSWIRE) -- PrairieSky will release its Q2 2025 results on Monday, July 14, 2025 after markets close. The news release detailing PrairieSky’s Q2 2025 results will provide operating and financial information. Financial statements along with management’s discussion and analysis will be available on PrairieSky’s website at www.prairiesky.com and on SEDAR+ at www.sedarplus.com. A conference call to discuss the results will be held for the investment community on Tuesday, ...

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Core Insights - Equinor ASA has approved a $1.29 billion investment for phase 3 of the Johan Sverdrup field, expected to increase recoverable reserves by 40-50 million barrels of oil equivalent [1][8] - The project will involve new subsea equipment, including two subsea templates with a total of eight wells, and is projected to start production in Q4 2027 [2] - The use of artificial intelligence in project planning has resulted in $13 million in savings during the development of phase 3 [3] - The recovery rate from the Johan Sverdrup field is expected to rise from 66% to approximately 75% with the completion of phase 3, which is crucial for maintaining high production levels [4][6] - Equinor holds a 42.6% interest in the Johan Sverdrup field, with partners including Aker BP, Petoro, and TotalEnergies EP Norge [5] - The project aims to enhance Europe's energy security by increasing recoverable volumes from the largest producing oilfield in western Europe [6]

Key Takeaways Prairie Operating Co. uses grid-powered rigs and eFleet tech to slash diesel use and emissions. PROP targets zero-flaring with enclosed combustors and methane-free pneumatic systems. Emission-cutting is built into PROP's strategy, supporting efficiency, compliance, and investor appeal.DJ Basin operator Prairie Operating Co. (PROP) is quietly redefining environmental responsibility in the oil and gas industry. Their operations are designed from the ground up with a minimal emission footprint. ...

Key Takeaways E launched Versalis Oilfield Solutions to focus on specialized oil drilling products and services. The new entity integrates R&D, production, and global sales across key oil-producing regions. E aims to boost efficiency, expand its client base, and enhance sustainability through this spin-off. Eni S.p.A’s (E) chemical arm, Versalis, has officially launched Versalis Oilfield Solutions S.r.l., a dedicated subsidiary, to offer specialized products and services for the global oil drilling indust ...

Core Insights - Prairie Operating Co. has announced the acquisition of assets from Edge Energy II LLC for $12.5 million, enhancing its position in the Denver-Julesburg Basin [1][2][7] - The acquisition adds approximately 11,000 net acres to Prairie's existing footprint, bringing the total to around 60,000 net acres [2][7] - The transaction is non-dilutive for shareholders, funded through the company's credit facility [1][7] Transaction Highlights - The acquisition includes current production of approximately 190 Barrels of Oil Equivalent per Day (Boepd) from 47 operated and non-operated wells [7] - Prairie holds a working interest of about 88% in the acquired assets [7] - The deal provides a future inventory of 40 development-ready locations with eight approved permits and eight additional permits in process [7] Development and Integration Plans - Development of the acquired assets is set to commence in August 2025, starting with the fully permitted Simpson pad [4] - The company plans to permit additional locations to facilitate near-term future development [4] - This acquisition is expected to deliver immediate scale and enhance cash flow growth through high-quality operated drilling inventory [2][4]