One-Page Deal Sheet
Blackbird Energy, Pipestone Oil to Merge; Create Pure-Play Montney E&P
Pipestone Energy Corp Blackbird Energy Inc.
Announced Date
October 30,2018
Close Date
January 04,2019
Transaction Type
Corporate
Asset/Basin:
{Montney}
TargetZones:
{"Montney A","Montne
Net Acres
Proved Reserves
PV-10 ($MM)
Location
Region
Canada
Country
Canada
Play
Production & Reserves Reserves
Transaction Details: Subscribe to see
Blackbird Energy Inc. and Pipestone Oil Corp. have signed a business combination deal which will result in the two merging and becoming a Montney-focused E&P called Pipestone Energy Corp.
This deal closed on January 4, 2019.
The company expects to average 3,000-3,500 BOEPD in production for 2019.
Combined AssetsPipestone Energy will be the operator of a pure-play condensate-rich Montney asset in the Pipestone area near Grande Prairie, which will include:
Acreage: 98,000 net acres in the Montney Reserves: 2P reserves of ~165 MMboe (~36% condensate / oil + ~11% NGLs) and risked best…| Announced Date | Buyer | Seller | Deal Value($mm) | Location | Category |
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