One-Page Deal Sheet
Crescent Point to Acquire Large Torquay Producer
Crescent Point Energy Corp. Canera Energy Corp.
Announced Date
April 23,2014
Close Date
May 15,2014
Transaction Type
Corporate
Enterprise Value (EV)($MM)
1100
Asset/Basin:
{"Williston Basin"}
TargetZones:
{"Torquay Formation"
Net Acres
Net Operated Locations:
Location
Calculated Metrics( EV/Category)
Region
Canada
Country
Canada
Play
Production Production
Calculated Metrics( EV/Category)
$/ Flowing
$/ Acre
$/Location
Transaction Details: Subscribe to see
Closing Announcement - May 15, 2014
Crescent Point Energy Corp. has reported that the previously announced acquisition of CanEra Energy Corp. closed. With closing of the CanEra Acquisition, Crescent Point acquires a large Torquay land position at Flat Lake and conventional production in southeast Saskatchewan of approximately 10,000 boe/d.
Scott Saxberg, president and CEO of Crescent Point said: "This acquisition significantly broadens our exposure to the Torquay, a play we’ve seen great results in so far. And the low-decline, high-quality production we gain is expected to help drive our…
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