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Track Drilling (Rigs by operator) | Completions (Frac Spreads)

One-Page Deal Sheet

Mako Sells Duvernay Rights to Existing Partner

Not Disclosed Mako Hydrocarbons Ltd.
AnnouncedSep 13, 2012
TypeProperty
LocationDuvernay Shale
Announced Date
September 13,2012
Effective Date
August 01,2012
Close Date
September 13,2012
Transaction Type
Property
Enterprise Value (EV)($MM)
2




Snapshot
Asset/Basin:
{"Western Canada Sedimentary Basin"}
TargetZones:
{"Duvernay Shale","R
Net Acres
Location
Region
Canada

Country
Canada

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Calculated Metrics( EV/Category)
$/ Acre

Transaction Details:  Subscribe to see

Mako Hydrocarbons is pleased to announce that it has closed an asset sale for $1.75 million with the operator and partner of its regional joint venture in the Rimbey area of west central Alberta, Canada.

The transaction conveys a 40% working interest in the petroleum and natural gas rights below the Rock Creek formation in an outlying 6.25 sections of land (4,000 acres gross; 1,600 hectares gross) to the operator of Mako’s adjoining 30 section block joint venture. This transaction consolidates these additional lands under common ownership and operations to facilitate future economic drilling…



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Price History



Date Deal Headline Price$/acre
Jun-29-2022 Exxon Sells Off Montney, Duvernay Portfolio in $1.47 Billion Cash Deal - -
Mar-17-2021 Petro Viking Picks Up Duvernay, Viking Mineral Rights - -
Feb-17-2021 Crescent Point Inks $900MM Deal for Shell's Duvernay Assets - -