One-Page Deal Sheet
Crew Trades Alberta Assets to Accelerate Montney Ops
Not Disclosed Crew Energy Inc.
Announced Date
April 10,2014
Effective Date
April 01,2014
Close Date
May 30,2014
Transaction Type
Property
Enterprise Value (EV)($MM)
222
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
Closing Announcement - May 30, 2014
Crew Energy Inc. has announced that it has closed its previously announced disposition of certain petroleum and natural gas assets (75% natural gas) focused primarily in the Deep Basin of Alberta, with an effective date of April 1, 2014.
Full details regarding the disposition and concurrent acquisition of strategic Montney acreage were contained in Crew's press release dated April 9, 2014.
Consideration for the disposition totaled approximately $222 million in cash, before closing adjustments, plus approximately 400 bbls per day of heavy oil production in…
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