One-Page Deal Sheet
CNRL to Acquire Devon's Entire Canadian Portfolio for C$3.7 Billion Cash
Canadian Natural Resources (CNRL) Devon Energy Corp
Announced Date
May 29,2019
Effective Date
January 01,2019
Close Date
June 27,2019
Transaction Type
Property
Enterprise Value (EV)($MM)
2800
Location
Calculated Metrics( EV/Category)
Region
Canada
Country
Canada
Play
Production & Reserves Production
Production Mix
Reserves
Calculated Metrics( EV/Category)
$/ Flowing
$/ Acre
Transaction Details: Subscribe to see
Canadian Natural Resources Ltd. has inked a deal to acquire substantially all of the assets of Devon Canada Corp. (subsidiary of Devon Energy Corp.) for a cash purchase price of C$3.775 billion (US$2.8 billion).
This deal closed on June 27, 2019.
Devon’s high quality land and production are located in Western Canada and are within Canadian Natural’s core areas. The asset base consists of 100% operated long life low decline thermal in situ production as well as 95% operated conventional primary heavy crude oil production, both adjacent to existing Canadian Natural assets.
Assets include: Acrea…| Announced Date | Buyer | Seller | Deal Value($mm) | Location | Category |
|---|---|---|---|---|---|
| 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 |
| Date | Deal Headline | Price | $/acre |
|---|---|---|---|
| Dec-15-2021 | Tamarack to Acquire Crestwynd Exploration in $184.7MM Cash/Stock Deal | - |
- |
| Mar-01-2021 | Calima Energy to Acquire Blackspur Oil for C$60MM (Including $43MM in Debt) | - |
- |
| Nov-09-2020 | Headwater Inks $100MM Deal for Cenovus' Marten Hills Asset | - |
- |