For unconventional shale, support from public equity is dwindling, resource plays require staggering capitalization and joint ventures are beginning to take center stage because even companies as large as Encana Corp. (NYSE: ECA) can’t go it alone.
Private equity is taking up the slack as investors back companies just long enough to highlight their proven reserves. ...
Four Winds also recently acquired a fully permitted salt water disposal facility from Kasten Energy Inc. near Lloydminster, Alberta.
The acquired assets mainly comprise of the vendor's 49% working interest in the Bonavista-operated Wilrich play.