One-Page Deal Sheet
Arc Resources Spends $148 On Cardium Assets
Arc Resources Ltd. Not Disclosed
Announced Date
July 29,2016
Transaction Type
Property
Enterprise Value (EV)($MM)
148
Asset/Basin:
{Cardium}
TargetZones:
{Cardium}
Location
Calculated Metrics( EV/Category)
Region
Canada
Country
Canada
Play
Production Production
Production Mix
Calculated Metrics( EV/Category)
$/ Flowing
Transaction Details: Subscribe to see
ARC successfully added to its working interest ownership in the Pembina Cardium area late in the second quarter of 2016, and in addition to the 2,200 boe per day transaction, we have entered into a separate binding sales agreement to acquire an additional 800 boe per day of Pembina assets expected to close mid-third quarter of 2016.
The combined acquisitions will add approximately 3,000 boe per day of light, high-netback production (approximately 85 per cent liquids), which will result in an annual volume impact in 2016 of approximately 1,400 boe per day of production.
ARC's deep understanding…
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