Deals - Acquisition, Mergers, Divestitures | Drilling Program - Wells | Drilling Program-Rig Count | Capital Expenditure - 2021
Tamarack Valley Closes Anegada Merger; Talks Two-Rig Program at Charlie Lake
Tamarack Valley Energy Ltd. has announced a deal closure as well as a Charlie Lake ops update.
Deal Closure
Tamarack has successfully closed the previously announced acquisition of Anegada Oil Corp.
The deal was originally announced on April 12, 2021 and carried a value of $494 million.
Charlie Lake Update - Two Rig, 12 Well Plan
Current production from the newly acquired assets is approximately 12,500 boe/d(2). The Company forecasts a range of 12,000 to 13,000 boe/d(3) for the second half of 2021, maintaining that level of production on a go forward basis.
Tamarack plans to run two rigs in the play during the month of June, with plans to drill 12 (12.0 net) wells for the remainder of the year, with seven (7.0 net) in the Pipestone area, two (2.0 net) in Wembley, two (2.0 net) in Saddle Hills and one (1.0 net) in Valhalla.
Approximately two-thirds of the wells planned are three-mile horizontals with the remainder being two-mile horizontals.
Tamarack’s total budget for 2021 is expected to be approximately $180 million.
Category | 2020 | 2021 Est. Initial | Updated 2021 Guidance | %Difference (2020vs 2021) |
Total Capital Expenditure($mm) |
![]() |
![]() |
![]() |
![]() |
Production Daily Equivalent(boe/d) |
![]() |
![]() |
![]() |
![]() |
Related Categories :
Deals - Deal Close
More Deals - Deal Close News
-
Northern Oil Closes $158MM Bolt-On Deal for Williston Assets
-
Earthstone Energy Wraps Up $575MM Permian Acquisition
-
Sitio Royalties Closes Acquisition of Permian Mineral Portfolio
-
Devon Wraps Up $865MM Williston Basin Bolt-On Acquisition
-
Crestwood Equity Seals Sendero Midstream Merger Deal, Others
Canada News >>>
-
Capex Plans Jump After 2Q: Nearly 30 E&P Companies Raise 2022 Budgets
-
Murphy Oil Second Quarter 2022 Results -
-
EOG Resources Second Quarter 2022 Results
-
Ovintiv Inc. Second Quarter 2022 Results
-
ConocoPhillips Second Quarter 2022 Results; $5.1 Billion in Earnings -