One-Page Deal Sheet
Marquee Lets Go of Non-Core, Shallow Gas Asset for $5.57MM
Not Disclosed Marquee Energy Ltd.
Announced Date
May 31,2016
Close Date
May 31,2016
Transaction Type
Property
Enterprise Value (EV)($MM)
6
Asset/Basin:
{"Western Canadian Sedimentary Basin"}
Transaction Details: Subscribe to see
Marquee Energy Ltd. has completed the previously announced disposition of its non-core, shallow gas asset for total cash consideration of $5.57 million, net of initial closing adjustments.
The asset includes approximately 500 gross / 396 net wells, average production of approximately 5,700 mcf/d in Q1 2016, and low pressure gas gathering and processing infrastructure associated with the production. Marquee will retain high pressure gas gathering infrastructure in the area, which is required for the development of its Banff light oil play.
The Company expects the disposition to have a positive…
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