Ziegler's Oilfield Consulting

On February 5, 2025, Cenovus Energy Inc. completed the acquisition of Gear Energy Ltd., making Gear a wholly-owned affiliate of Cenovus. Following the acquisition, Gear transferred the legal title of its assets to Cenovus, while certain assets outside the Lloydminster area were conveyed to Gear's subsidiary, Lotus Creek Exploration Inc. Lotus Creek operates as an independent company and is not included in the acquisition by Cenovus. This strategic move enhances Cenovus's portfolio while allowing Lotus Creek to continue its operations independently. Generated from the website

Lycos Energy is a dynamic company located in Lloydminster, Alberta, known for its forward-thinking approach in the energy sector. As of October 1, 2024, the company has been connected to Tourmaline Oil Corp. through the acquisition of Crew Energy Inc., signaling a significant strategic move in the industry. Additionally, Lycos Energy emphasizes transparency and compliance, as demonstrated by its publication of ESTMA reports from 2019 to 2023, as well as its commitment to ethical practices, highlighted in its 2023 Modern Slavery Report. These efforts reflect the company's dedication to corporate responsibility while navigating a competitive market. Generated from the website