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. ...
The acquired assets mainly comprise of the vendor's 49% working interest in the Bonavista-operated Wilrich play.
One agreement relates to a promising oil sands water treatment pilot project expected to reduce water use, energy consumption and greenhouse gas emissions.