- Business
- Kiwetinohk Energy Corp. (TSX: KEC) develops and produces natural gas, natural gas liquids, oil, and condensate from its liquids-rich unconventional assets in the Duvernay and Montney formations in the Fox Creek area of Alberta, Canada; employs a co-development strategy with extended reach horizontal drilling to maximize resource value through owned and operated infrastructure; and evaluates low-carbon solutions including renewable and natural gas-fired power generation, carbon capture, storage, and hydrogen projects. Founded in 2018 and headquartered at 250 – 2nd Street SW, Suite 1700, Calgary, Alberta, the company targets premium markets such as the Chicago natural gas market and operates exclusively in western Canada with current production around 27,500 boe/d and a pathway to grow to 40,000 boe/d by 2026. In October 2025, Kiwetinohk entered into a definitive arrangement agreement to be acquired by Cygnet Energy Ltd. for C$24.75 per share in an all-cash transaction valued at approximately C$1.4 billion enterprise value, representing a 63% premium to its share price prior to initiating a strategic business review earlier in the year; the deal, backed by NGP Energy Capital Management, ARC Financial, and Carlyle, combines complementary Duvernay and Montney assets in Alberta's Simonette and Placid areas to create a larger operator with over 44,000 boe/d of production; and as part of exiting its power segment ahead of closing expected in late December 2025, the company sold or cancelled six of seven power projects for aggregate proceeds of about $26.7 million.