Natural Gas Archives

Vermilion Energy Expands in the Deep Basin with Westbrick Acquisition

December 28, 2024 Chris Thompson

Vermilion Energy announced the acquisition of privately-held Westbrick Energy for $1.075 billion. The deal includes 50,000 barrels of oil equivalent per day (boe/d) of production, 1.1 million acres of land, and four gas plants. Vermilion expects the acquisition to boost its 2025 production to 126,000–133,000 boe/d while strengthening its position as the fifth largest Deep Basin producer. This aligns with the company’s focus on natural gas as a transition fuel and balancing its North American and European portfolios. The company anticipates significant cash flow generation and long-term operational synergies from these assets. [more]

mCloud Releases Q2/21 Financial Results with Quarterly Revenue Up 44% Year-over-Year

August 20, 2021 Chris Thompson

mCloud Technologies, a leading AI-powered physical asset management solution provider, announced financial results for the second quarter ended June 30, 2021. Revenues increased by 44% compared to Q2/2020 and added 1,019 new connected assets to its managed portfolio. [more]

Easing of Pandemic Restrictions Accelerates mCloud’s Customer Onboarding & International Expansion

August 6, 2021 Chris Thompson

The easing of COVID pandemic restrictions has improved access to customer sites, and the pace of customer onboarding for mCloud is expected to accelerate in the US and Canada. The partnership with URBSOFT should help bring AssetCare™ to the oil & gas, retail, and real estate markets in the Middle East. [more]

mCloud Builds Executive Team by Hiring Oil Executive Arnel Santos

May 7, 2021 Chris Thompson

Mr. Santos is one of Alberta’s top energy executives leading digital strategy, technology innovation, and ESG affairs both provincially and globally. He will become mCloud’s Executive Vice President and President, Americas, responsible for the Company’s regional business in North America and leading mCloud’s ESG initiatives. [more]

mCloud Reports 47% Yearly Revenue Increase and Closes $14.5M Financing

April 17, 2021 Chris Thompson

mCloud’s annual revenue hit a record of C$26.9 million in 2020, up 47% from 2019. AssetCare revenue comprised 76% of total revenue and, with a strong backlog and sales pipeline, is expected to double AssetCareAssetCare revenues in 2021. [more]

Deal or Dud? A Closer Look at Warren Buffett’s Acquisition of Dominion Energy’s Natural Gas Transmission and Storage Assets

July 10, 2020 Caitlin Cheadle

Berkshire Hathaway Energy, a subsidiary of Berkshire Hathaway Inc., announced that it had acquired Dominion Energy’s natural gas transmission and storage assets in a deal valued at US$9.7B, deploying some of Berkshire’s US$137B cash reserves into a dividend-paying asset. [more]

mCloud Released 2019 & Q1/2020 Financial Results with a 922% Revenue Gain in 2019

May 27, 2020 Israel Pinheiro

mCloud recorded record annual revenue of C$18.3 million and released its 2020 Revenue guidance in the $70-72M range, a year-over-year increase of almost 300%. [more]

Xebec Released 2019 Results with a 144% Revenue Gain and Adjusted EBITDA of $6.3M

May 6, 2020 Israel Pinheiro

Xebec recorded record annual revenue of $49.3 million and re-affirmed 2020 Revenue growth guidance in the 60%-80% range. Well-funded for growth from equity financings in Q3 & Q4/2019 of $35.2 million and a $10M unsecured loan facility announced this week. [more]

Seasonality Trends – For September 2019

September 1, 2019 Bob Weir

eResearch is pleased to provide its monthly Seasonality Trends report, this one for September 2019. Two metrics are added and two are deleted this month. [more]