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One-Page Deal Sheet

ARC Divests Entire Saskatchewan Portfolio for $700 Million

Spartan Energy Corp. Arc Resources Ltd.
AnnouncedNov 18, 2016
TypeProperty
Announced Date
November 18,2016
Effective Date
October 01,2016
Close Date
December 08,2016
Transaction Type
Property
Enterprise Value (EV)($MM)
700




Snapshot
Asset/Basin:
{"Williston Basin"}
TargetZones:
{Mississippian}
Proved Reserves
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Location
Region
Canada

Country
Canada

Production & Reserves
Production
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Reserves
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Calculated Metrics( EV/Category)
$/ Flowing
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$/Location
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Transaction Details:  Subscribe to see

Closing Announcement -

Spartan Energy Corp. has announced the closing of its previously announced strategic light oil acquisition in southeast Saskatchewan from ARC Resources Ltd.

The Acquisition

The purchase price for the Acquisition was $700 million.

The Purchase Price was partially funded through a bought deal financing of 95,852,500 subscription receipts of the Company at a price of $3.00 per Subscription Receipt and a private placement of 85,000,000 Subscription Receipts to certain institutional investors at a price of $3.00 per Subscription Receipt.

The acquired assets are characterized…


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Canada Deal Activity In Last 12 Months


Other Canada Region's Deals


Announced DateBuyerSellerDeal Value($mm)LocationCategory
Nov-06-2024 - - Click here Alberta  E&P
Aug-22-2022 - - Click here British Columbia  E&P
Aug-01-2022 - - Click here Alberta  E&P
Jun-29-2022 - - Click here Alberta  E&P
Dec-15-2021 - - Click here   E&P

Other Canada Deals


Announced DateBuyerSellerDeal Value($mm)LocationCategory
May-14-2021 - - Click here Saskatchewan  E&P
Dec-09-2020 - - Click here Saskatchewan  E&P
Sep-01-2020 - - Click here Saskatchewan  E&P
Nov-14-2019 - - Click here Saskatchewan  Midstream
Sep-03-2019 - - Click here Saskatchewan  E&P

Price History


Date Deal Headline Price$/acre
May-14-2021 Saturn Picks Up 288,000 Oxbow Acres in $93MM Deal -  
Dec-09-2020 Whitecap Resources to Acquire TORC Oil & Gas -  
Sep-01-2020 Whitecap Acquires Nal Resources in All-Stock Deal Worth $155MM -