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Distinction Energy Corp.

Company Summary

Description

Distinction Energy Corp. is an industry-leading producer of liquids-rich natural gas. The Company has achieved top decile results through the development of our high quality Montney property, uniquely positioned in the Deep Basin of Bigstone, in northwest Alberta. Distinction continues to outperform key industry players by improving operational efficiencies and growing our dominant Bigstone land position in this world-class play. Distinction is headquartered in Calgary, Alberta.

Recent news

  • 9/24/2021 - Kiwetinohk Energy... (subscriber access)
  • 9/1/2021 - Kiwetinohk & Distinction... (subscriber access)
  • 6/28/2021 - Kiwetinohk Resources &... (subscriber access)
  • 4/29/2021 - Distinction Energy Corp... (subscriber access)
  • 2/18/2021 - Distinction Energy Corp... (subscriber access)

Company Transactions

Date: 8/30/2021
Type: Merger

BUYERS:
  • Kiwetinohk Energy Corp.
    • SELLERS:
  • Distinction Energy Corp.
    • DETAILS:
    NOTES:
    Kiwetinohk Resources and Distinction Energy (formerly Delphi Energy) have reached an agreement to combine their companies. Kiwetinohk will acquire all shares of Distinction not already owned, exchanging 20 shares of their own stock for each share of Distinction.
    REGIONS:
  • Western Canadian Sedimentary Basin

    • Date: 4/29/2021
    Type: Acquisition

    BUYERS:
  • Distinction Energy Corp.
  • Kiwetinohk Energy Corp.
    • DETAILS:

    COST: 335 $MM

    VOLUMES: 10 MBOE/d

    NOTES:
    Distinction Energy Corp has signed on with Kiwetinohk Resources as a 50% participant in the acquisition of $335 million in Simonette assets in NW Alberta. The assets are producing 10 Mboe/d (43% liquids) and closing is targeted for the second quarter of 2021.
    REGIONS:
  • Western Canadian Sedimentary Basin