One-Page Deal Sheet
Crew Sells Montney Assets, Retire Debt
Not Disclosed Crew Energy Inc.
Announced Date
December 04,2012
Effective Date
December 01,2012
Close Date
December 21,2012
Transaction Type
Property
Enterprise Value (EV)($MM)
108
Asset/Basin:
{Montney}
TargetZones:
{"Upper Montney","Mi
Net Acres
Proved Reserves
Location
Calculated Metrics( EV/Category)
Region
Canada
Country
Canada
Play
Production & Reserves Production
Reserves
Calculated Metrics( EV/Category)
$/ Flowing
$/ Acre
Transaction Details: Subscribe to see
Crew has executed a definitive agreement to sell, for $108 million prior to closing adjustments, approximately 15,800 net acres of liquids rich Montney land in the Kobes area with current production of approximately 625 boe per day (29% liquids) and one cased horizontal well awaiting completion which was expected to add approximately 1,100 boe per day of production in January 2013.
The lands have proved developed producing reserves of 444 mboe, total proved reserves of 3,541 mboe, and proved plus probable reserves of 11,862 mboe as assigned by GLJ Petroleum Consultants as at December 31, 2011.
| Announced Date | Buyer | Seller | Deal Value($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 |
|---|---|---|---|
| Nov-04-2025 | Ovintiv Acquires NuVista Energy for $2.7B, Establishing Premier Montney Position | - |
- |
| Nov-06-2024 | Ovintiv to Acquire Montney Assets from Paramount for $2.377 Billion in All-Cash Deal | - |
- |
| Jun-29-2022 | Exxon Sells Off Montney, Duvernay Portfolio in $1.47 Billion Cash Deal | - |
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