ROK Resources closes southeast Saskatchewan deal, provides guidance for first half
On Jan. 24, ROK Resources of Regina announced that they had closed on land swap deal that had been announced on Dec. 19, 2022.
That announcement on Dec. 19 indicated that they were doing both an acquisition and a disposition with another company. In what is largely a land swap, they were acquiring 1,400 boepd production (69 per cent liquids) in southeast Saskatchewan, but selling 475 boepd (100 per cent liquids) of mostly non-operated properties in southwest Saskatchewan to the same company they were buying land from in the southeast. ROK was paying $26.5 million to the other party as part of the deal.
Saturn Oil & Gas acquires Ridgeback Resources in a deal that will be rockin’ in the Bakken
CALGARY – Saturn Oil & Gas Ltd. is continuing an exponential growth pattern through acquisitions.
At the close of the markets on Friday, Jan. 20, Saturn announced it was acquiring Ridgeback Resources Inc., one of the largest players in the Saskatchewan Bakken and Mississippian plays, which also has significant operations in three areas of Alberta. The deal is for $525 million.
Royal Helium begins 2023 exploration programs with high resolution aeromagnetic survey in SW Saskatchewan
Royal Helium Ltd. announced on Jan. 23 it has initiated its 2023 exploration program in southwest Saskatchewan by flying approximately 5,960 line-kilometers of proprietary High Resolution Aeromagnetic (HRAM) data over its Cadillac and Swift Current helium properties in southwestern Saskatchewan.
Federal cabinet set for three-day retreat in Hamilton ahead of Parliament’s return
By Mia Rabson in Ottawa The ongoing affordability crunch and the threat of a looming recession will be front and centre as the federal Liberal cabinet holds a post-holiday cabinet retreat this week. Prime Minister Justin Trudeau and his ministers will spend the next...
1st small modular nuclear reactor certified for use in US
The U.S. Nuclear Regulatory Commission has certified the design for what will be the United States’ first small modular nuclear reactor.
The rule that certifies the design was published Thursday in the Federal Register. It means that companies seeking to build and operate a nuclear power plant can pick the design for a 50-megawatt, advanced light-water small modular nuclear reactor by Oregon-based NuScale Power and apply to the NRC for a license.
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