One-Page Deal Sheet
ExxonMobil Canada to Acquire Montney-Focused Celtic Exploration
ExxonMobil Celtic Exploration Ltd.
Announced Date
October 17,2012
Close Date
March 21,2013
Transaction Type
Corporate
Enterprise Value (EV)($MM)
3100
Asset/Basin:
{Montney,Duvernay}
TargetZones:
{"Montney Shale","Du
Net Acres
Proved Reserves
Location
Calculated Metrics( EV/Category)
Region
Canada
Country
Canada
Play
Production & Reserves Reserves
Calculated Metrics( EV/Category)
$/ Acre
Transaction Details: Subscribe to see
ExxonMobil Canada will acquire Celtic Under the terms of the agreement, ExxonMobil Canada will acquire 545,000 net acres in the liquids-rich Montney shale, 104,000 net acres in the Duvernay shale and additional acreage in other areas of Alberta.
The Montney Rights is divided in the following areas
Resthaven 449,280 acres ( 702 sections )
Kaybob 78,486 acres ( 123 sections )
Fir : 17,440 acres ( 27 sections )
Current production of the acreage to be acquired is 72 million cubic feet per day of natural gas and 4,000 barrels per day of crude, condensate and natural gas liquids. The assets were…
| Announced Date | Buyer | Seller | Deal Value($mm) | Location | Category |
|---|---|---|---|---|---|
| Nov-06-2024 |
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Click here | Alberta | E&P |
| Aug-22-2022 |
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Click here | British Columbia | E&P |
| Aug-01-2022 |
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Click here | Alberta | E&P |
| Jun-29-2022 |
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Click here | Alberta | E&P |
| Dec-15-2021 |
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| Date | Deal Headline | Price | $/acre |
|---|---|---|---|
| Nov-04-2025 | Ovintiv Acquires NuVista Energy for $2.7B, Establishing Premier Montney Position | - |
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| Nov-06-2024 | Ovintiv to Acquire Montney Assets from Paramount for $2.377 Billion in All-Cash Deal | - |
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| Jun-29-2022 | Exxon Sells Off Montney, Duvernay Portfolio in $1.47 Billion Cash Deal | - |
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