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Steel Reef Announces Closing of $500 Million Acquisition of Natural Gas Infrastructure Assets in Williston Basin

Steel Reef Infrastructure Corp. is pleased to advise it has closed its previously announced transaction to purchase certain associated natural gas gathering, processing and sales infrastructure assets in Saskatchewan from Crescent Point Energy Corp. for total cash consideration of $500 million. “Acquiring key natural gas infrastructure assets in leading resource…

New future for Alberta bitumen in advanced materials

$15-million international competition to accelerate development of carbon fibre Alberta Innovates is launching a major new clean technology initiative called the Carbon Fibre Grand Challenge, a $15-million international competition to accelerate development of carbon fibre from bitumen in Alberta. This is part of a broader Alberta Innovates initiative called Bitumen Beyond Combustion to…

Cona Resources Completes Acquisition of Pengrowth Energy Corporation

Cona Resources Ltd. (Cona), a portfolio company of Waterous Energy Fund (WEF), today announced the completion of its acquisition of Pengrowth Energy Corporation (Pengrowth) for approximately C$740 million.     With the Pengrowth acquisition, Cona is the largest privately-owned heavy oil producer in North America, with production of 35,000 boe/d and…