One-Page Deal Sheet
Crescent Point Inks $900MM Deal for Shell's Duvernay Assets
Crescent Point Energy Corp. Shell plc
Announced Date
February 17,2021
Close Date
April 01,2021
Transaction Type
Property
Enterprise Value (EV)($MM)
900
Asset/Basin:
["Duvernay"]
TargetZones:
["Duvernay Shale"]
Net Acres
% Oil:
Net Operated Locations:
Location
Calculated Metrics( EV/Category)
Region
Canada
Country
Canada
Play
Production Production
Production Mix
Calculated Metrics( EV/Category)
$/ Flowing
$/ Acre
$/Location
Transaction Details: Subscribe to see
Crescent Point Energy Corp. has signed a deal with Royal Dutch Shell plc to acquire Shell's Kaybob Duvernay assets in Alberta for $900 million.
This deal closed on April 1, 2021.
The total consideration consists of $700 million in cash and 50 million common shares ($200 million) of Crescent Point.
Asset Details Production: ~30,000 boe/d (57% condensate, 8% NGL and 35% shale gas) Acreage: 320,000 net acres (500 net sections) of contiguous land in the Kaybob area (approximately 208,000 acres (325 net sections) undeveloped) Drilling Locations: Approximately 200 net internally identified…| Announced Date | Buyer | Seller | Deal Value($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 |
|---|---|---|---|
| Jun-29-2022 | Exxon Sells Off Montney, Duvernay Portfolio in $1.47 Billion Cash Deal | - |
- |
| Mar-17-2021 | Petro Viking Picks Up Duvernay, Viking Mineral Rights | - |
- |
| Apr-17-2019 | Pine Cliff Acquires Ghost Pine / Duvernay Asset for $8.6MM | - |
- |