Oil and Gas

Arolytics closes seed financing

CPE News

Emmaline Atherton, David Risk, Liz O'Connell founded Arolytics secured additional seed funding led by BDC Capital with participation of Metiquity Ventures, Accelerate Fund III, StartupTNT. BDC's Anamika Mukherjee joined Arolytics board.

Flyscan secures strategic investment from Marathon Petroleum

CPE News

Eric Bergeron led Flyscan Systems secured financing from Marathon Petroleum which joined BDC Capital, Hatch, Enbridge as investors/shareholders. Shawn M. Lyon from Marathon Petroleum joined Flyscan board.

Cenovus extinguishes 84% of outstanding warrants for $711M

CPE News

Cenovus Energy (TSX/NYSE: CVE) repurchased for cancellation all of the warrants (45,484,672 warrants) held by Li Ka Shing related entities for $711M.

Superior Plus to acquire Longbow Capital backed Certarus for $1.05B

CPE News

Superior Plus Corp. to acquire Certarus Ltd. from Longbow Capital, management, and a large group of Canadian, US and European private investors/shareholders for $1.049B in cash and stock.

BTG Capital closes inaugural energy infrastructure fund at $74.2M

Ted Liu

C. Brett Stevenson, Tom W. Buchanan, Gable T. Gross led BTG Capital Inc. final closed inaugural BTG Energy Infrastructure Partners LP Fund I at $74.2M.

Greenfire Resources to go public on NYSE at US $950M valuation

CPE News

McIntyre Partners and Griffon Partners backed Greenfire Resources Inc. to go public on NYSE through a proposed qualifying acquisition by M3-Brigade Acquisition III Corp. (NYSE: MBSC), valuing Greenfire at US $950M.

SaskWorks backed Chronos Resources to go public by way of RTO of Samoth Oilfield

CPE News

SaskWorks Venture Fund Inc. backed Chronos Resources Ltd. to list on TSX Venture through RTO of Samoth Oilfield Inc. and completing of up to $65M financing.

AIMCo provides $150M credit facility to Tidewater Renewables

CPE News

Alberta Investment Management Corporation (AIMCo) provided $150M five-year senior secured second lien credit facility to Tidewater Renewables Ltd.

Carbon Infrastructure Partners (CIP) holds initial close for new energy fund

Ted Liu

Craig Golinowski and Ryan Crawford led Carbon Infrastructure Partners (CIP) held an initial close for its new carbon life cycle focused energy fund.

Riverstone to list Hammerhead Resources on NASDAQ via US $882M SPAC QA

CPE News

Riverstone Holdings LLC to list Hammerhead Resources Inc. on NASDAQ through SPAC AQA by affiliated Decarbonization Plus Acquisition Corporation IV, valuing Hammerhead at US $882M. CEO Scott Sobie will continue to lead the combined company.

TC Energy to raise up to $2B in equity funding

CPE News

TC Energy entered into bought deal agreement with RBC Dominion Securities Inc. and Scotia Capital Inc. for the issuance of 28.4M common shares at $63.50 for $1.8 billion, or CDN $2.0B if the over-allotment option is exercised in full.

Lex Capital holds initial close for fund V

CPE News

E. Craig Lothian, Dean Popil, Curtis Armstrong led Lex Capital Management held an initial close for Lex Energy Partners V.

Annapolis Capital holds initial close for Fund VIII

CPE News

Annapolis Capital held an initial close for its eighth fund.

Validere secures US $43M Series B led by Mercuria Energy and BlackRock funds

CPE News

Validere Technologies secured US $43M Series B funding led by Mercuria Energy and BlackRock funds with participation from Nova Fleet, Pioneer Fund, Natural Gas Innovation Fund, Wing VC and Greylock Partners.

Waterous Energy Fund’s Strathcona merges with Caltex and Stickney and upsizes credit facility

CPE News

Waterous Energy Fund's Strathcona Resources Ltd. upsized credit facility by 67% to $1.5B and completed amalgamation with recently acquired Caltex Resources Ltd. and Stickney Resources Ltd.

Vertex Resource Group closes $15M financing with Longbow affiliate IBBC

CPE News

IBBC Limited Partnership and IBBC GP, affiliates of Longbow Capital Inc., invested $15M in Vertex Resource Group. IBBC would own 20.18% of Vertex as converted basis, replacing 32 Degrees Capital as Vertex' largest shareholder

Riverstone V reduces Pipestone Energy stake with $53.3M share sell

CPE News

Riverstone V REL CNOR LP sold 11.72M Pipestone Energy Corp. shares at $4.55 per share for $53.32M, continuing to be largest shareholder of PEC ahead of Abu Dhabi Investment Council Company's Al Mehwar

North American Helium closes $127M private placement

CPE News

North American Helium closed $127M tranched non-brokered private placement of common share equity led by XM Capital Partners Opportunity Fund LP

12314 Next