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August 27, 2026
On August 26 Enbridge agreed to buy Salt Creek Midstream's crude gathering, 100 percent of Orla and Wink North and 50 percent of Delaware Crossing, for US$600 million cash. Combined capacity is 420,000 barrels a day. Close is later in 2026, subject to FTC Hart-Scott-Rodino clearance. 2026 guidance did not move.
On August 12 Emera said the sale of New Mexico Gas Company to Bernhard Capital Partners closed. The deal was first announced August 5, 2024. New Mexico regulators approved it July 30. After-tax proceeds were pegged at US$650 million to US$700 million against about US$1.25 billion of transaction value.
On August 12 Northland said Baltic Power, 1.1 gigawatts in Poland, delivered first offshore-wind power to the national grid. 61 of 76 turbines were installed and 15 were generating. Commercial operations are still aimed at the second half of 2026. Second-quarter adjusted EBITDA was $259 million. The quarter printed a $54 million net loss.
On July 28 Tamarack said Charlie Lake closed June 15 for $803.8 million before adjustments. Second-quarter corporate volumes were 69,229 boe/d. Clearwater was 53,598 boe/d. Run-rate after the sale is more than 54,000 boe/d, 92 percent liquids. Net cash was $132.6 million. Annual guidance is now 61,500 to 63,000 boe/d.
On August 6 CES said second-quarter revenue hit a record $714.1 million and adjusted EBITDAC hit $119.2 million, a 16.7 percent margin. Free cash flow was $25.0 million. Net income was $38.5 million, down 26 percent, after the June redemption of the 6.875 percent notes. The dividend is $0.055, payable October 15.
On July 30 Baytex said second-quarter volumes were 71,243 boe/d, 88 percent oil and NGLs, above the old 69,000 to 71,000 guide. Full-year production is now about 71,000 boe/d. Exploration and development spend is still about $625 million. Net cash was $566 million. The first Gilby Duvernay pad is a June IP30, not a 2026 reserve add.
September 11, 2026
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August 28, 2026
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