Hammerhead Energy Inc.
NASDAQ Capital MarketCapital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- CEO
- Scott W. Sobie
- Full Time Employees
- 84
- Sector
- Energy
- Industry
- Oil & Gas Exploration & Production
- Address
- 525-8th Avenue SW Calgary AB Canada T2P 1G1
- IPO Date
- Oct 5, 2021
- CIK
- 0001946425
- Website
- hhres.com
- Similar Companies
- Business
- Hammerhead Energy Inc. is a Calgary-based oil and gas exploration and production company focused on developing liquids-rich multi-zone assets in the Alberta Montney formation, including the Gold Creek and Karr areas; it extracts and sells crude oil, natural gas, and natural gas liquids from approximately 107,000 net acres southeast of Grande Prairie, Alberta. Founded in 2009 and formerly known as Canadian International Oil Corp., the company went public in 2023 via a business combination with Decarbonization Plus Acquisition Corporation IV, listing on the TSX and NASDAQ under the ticker HHRS. Hammerhead's operations target light oil-rich opportunities with an extensive drilling inventory exceeding 1,500 locations, supported by major infrastructure investments such as gas processing facilities and power generation projects like the Prairie Lights Power Project. In November 2023, Hammerhead entered into a definitive agreement to be acquired by Crescent Point Energy Corp. (now Veren Inc.) in a cash-and-stock transaction valued at approximately C$2.55 billion including net debt, which closed on December 21, 2023, integrating its Montney assets into Veren's portfolio as the largest landholder in the region. This acquisition enhances Veren's production profile, with Hammerhead's assets expected to contribute around 56,000 boe/d (50% oil and liquids) in 2024, scaling toward 80,000 boe/d within five years through optimized drilling and infrastructure like the South Karr expansions and Lator 04-13 battery project. In April 2024, Hammerhead experienced a cybersecurity incident affecting certain employee and contractor personal information within its legacy IT environment, prompting enhanced security measures, notifications, and credit monitoring offers through TransUnion.[ (fetched)]
HAMMERHEAD ENERGY INC. ANNOUNCES SHAREHOLDER AND COURT APPROVAL FOR THE PLAN OF ARRANGEMENT
Hammerhead Energy Inc. Announces Filing of Management Information Circular for Special Meeting of Shareholders
Crescent Point Energy to acquire Hammerhead Energy in C$2.55B deal
Hammerhead Energy Inc. Announces Record Financial and Operating Results for Third Quarter 2023 and a Corporate Transaction
Hammerhead Energy Inc. Enters into Agreement to be Acquired by Crescent Point Energy Corp.
Hammerhead Energy Inc. Announces Expanded Credit Facility and Repayment of Term Debt
Hammerhead Energy Inc. Announces Increased 2023 Production Guidance
Hammerhead Energy Inc. Announces “Fair Market Value” in Connection With Redemption of its Outstanding Public Warrants
Hammerhead Energy Inc. Announces Plans to Redeem Public Warrants
Hammerhead Energy Inc. Announces Second Quarter 2023 Financial and Operating Results
Hammerhead Energy Inc. Announces Voting Results on Election of Directors at Annual and Special Meeting
Small-Cap Energy Producers Ranked By Quality
Hammerhead Energy Inc. Announces Release Date of 2022 Year End Results, Year End Reserve Report and 2023 Guidance
Hammerhead Energy (HHRS) Stock Soars on First Trading Day