One-Page Deal Sheet
Exxon Sells Off Montney, Duvernay Portfolio in $1.47 Billion Cash Deal
Whitecap Resources Inc. ExxonMobil, XTO Energy Inc.
Announced Date
June 29,2022
Transaction Type
Property
Net Acres
Location
Calculated Metrics( EV/Category)
Region
Canada
Country
Canada
Play
Production Production
Production Mix
Calculated Metrics( EV/Category)
Production ($/Mcfe/d)
Transaction Details: Subscribe to see
ExxonMobil and its Canadian affiliates, Imperial and ExxonMobil Canada, have entered into an agreement with Whitecap Resources Inc. for the sale of XTO Energy Canada, which is jointly owned by Imperial and ExxonMobil Canada.
The sale, for a total cash consideration of about U.S. $1.47 billion, is expected to close before the end of the third quarter.
Deal Details:- Acreage: 639,000 net acres
Montney: 567,000 net acres Duvernay: 72,000 net acres- Production: 187.3 Mmcfe/d (75% natural gas)
Natural Gas: 140 Mmcf/d Oil, Condensate, NGLs: 9,000 BOEPD AdvisorsRBC Capital Markets acted…
| Announced Date | Buyer | Seller | Deal Value($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 |
| Dec-15-2021 |
- |
- |
Click here | E&P | |
| Nov-29-2021 |
- |
- |
Click here | Alberta | 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 | - |
- |
| Nov-29-2021 | CNRL to Acquire Montney-Focused Storm Resources in $960MM Deal | - |
- |