NuVista Acquires Montney Property From Cenovus for $625 Million
Multiples
Transaction Details:
NuVista Energy has agreed to acquire Cenovus Pipestone Partnership which holds assets in the Pipestone area of Northwest Alberta for $625 million.
The assets of the Acquired Business are situated primarily in the premium core of the condensate-rich Alberta Triassic Montney fairway and on 35,250 net acres of land featuring four layers of Montney development.
The assets of the Acquired Business represent a 29% increase to NuVista’s current Montney land position. The Acquired Business includes 9,600 Boe/d of production and significant infrastructure.
2P reserves were noted at 157 MMBOE with a $1.21 billion NPV.
Announced Date | Buyer | Seller | Deal Value($mm) | Location | Category |
---|---|---|---|---|---|
Aug-22-2022 | - | - | Click here | British Columbia | E&P |
Aug-01-2022 | - | - | Click here | Alberta | E&P |
Jun-29-2022 | - | - | 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 |
---|---|---|---|
Jun-29-2022 | Exxon Sells Off Montney, Duvernay Portfolio in $1.47 Billion Cash Deal | - | - |
Nov-29-2021 | CNRL to Acquire Montney-Focused Storm Resources in $960MM Deal | - | - |
Jun-11-2021 | Tourmaline Acquires Montney-Focused Black Swan Energy | - | - |
Announced Date | Buyer | Seller | Deal Value($mm) | Location | Category |
---|---|---|---|---|---|
Jul-07-2021 | - | - | Click here | Alberta | E&P |
May-18-2021 | - | - | Click here | Alberta | E&P |
Nov-09-2020 | - | - | Click here | Alberta | E&P |
Oct-25-2020 | - | - | Click here | Alberta | E&P |
Nov-14-2017 | - | - | Click here | Saskatchewan | E&P |
Other Nuvista Energy Ltd. Deals
Announced Date | Buyer | Seller | Deal Value($mm) | Location | Category |
---|---|---|---|---|---|
Oct-07-2014 | - | - | Click here | Alberta | E&P |
Aug-26-2014 | - | - | Click here | Alberta | E&P |
Oct-18-2012 | - | - | Click here | E&P | |
Sep-11-2012 | - | - | Click here | Alberta | E&P |