Deals - Acquisition, Mergers, Divestitures | Production Rates | Hedging | Capital Markets
Spartan Delta Talks Hedges, Production Following Bellatrix Asset Deal
Spartan Delta Corp. has detailed its recent operational and corporate activities since the closing of its June 2020 acquisition, in which it acquired assets from Bellatrix Exploration.
Ups Production at New Asset
Spartan’s current production is estimated at approximately 26,000 boe/d, primarily from the Ferrier and Willesden Green areas, compared to approximately 25,000 boe/d (30% oil and natural gas liquids) upon closing of the deal.
Hedges
Spartan has hedged approximately 60% of its natural gas volumes for the latter half of 2020 and approximately 45% of forecast natural gas volumes for 2021.
Spartan’s complete natural gas hedging positions as of July 6, 2020 are outlined below:
Period |
Price (C$/GJ) |
Volume (GJ/d) |
Reference |
Apr 1, 2020 to Oct 31, 2020 |
$1.54 |
750 |
AECO |
Jul 1, 2020 to Mar 31, 2021 |
$2.23 |
60,000 |
AECO |
Apr 1, 2021 to Oct 21, 2021 |
$2.02 |
5,000 |
AECO |
Apr 1, 2021 to Mar 31, 2022 |
$2.25 |
35,000 |
AECO |
Related Categories :
Production
More Production News
-
Pioneer CEO Sheffield Talks 2021 Plan; Industry Outlook in 2022, Beyond -
-
Tamarack Lowers Budget 8% for 2021; Bets Big on New Clearwater Asset -
-
New Survey Polls E&P, Service Providers on Industry Future: Rigs, DUCs, Production, Goals
-
Producers Idle GOM Production as Hurricane Sally Approaches
-
Facilities Shut-In Along TX Gulf Coast as Hurricane Laura Descends
Canada News >>>
-
Petrus IDs Budget for Q1 2021; Plans to Drill Three Cardium Wells
-
Tamarack Valley Ups 2021 Capex; Eyes 30% Oil Production Growth YOY -
-
Vertex Resource Group Appoints New VP of Engineering -
-
Whitecap Finalizes Acquisition of NAL Resources -
-
Pieridae Energy's COO Departs the Company -