One-Page Deal Sheet
Imperial Oil to Shed Producing Canadian Conventional Assets
Whitecap Resources Inc. Imperial Oil Limited
Announced Date
March 17,2014
Close Date
May 01,2014
Transaction Type
Property
Enterprise Value (EV)($MM)
855
Asset/Basin:
{"Western Canada Sedimentary Basin"}
Location
Calculated Metrics( EV/Category)
Region
Canada
Country
Canada
Production Production
Calculated Metrics( EV/Category)
$/ Flowing
Transaction Details: Subscribe to see
Closing Announcement - May 1, 2014
Imperial Oil Limited announced today the successful completion of its previously announced sale of interests in assets located in Boundary Lake, Cynthia/West Pembina, and Rocky Mountain House in Western Canada to Whitecap Resources Inc. for CA $855 million. As a result of the sale, Imperial will record an after-tax earnings gain of between $475 million and $525 million in the second quarter of 2014.
Located in British Columbia and Alberta, these assets produced about 15,000 oil-equivalent barrels per day in 2013 on a net before royalty basis. Production was…
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