One-Page Deal Sheet
NuVista Acquires Montney Property From Cenovus for $625 Million
Not Disclosed Not Disclosed
Announced Date
August 09,2018
Close Date
September 06,2018
Transaction Type
Property
Enterprise Value (EV)($MM)
625
Asset/Basin:
{Montney}
TargetZones:
{Montney,"Lower Mont
Net Acres
35,250 (, 86% Operated )
Proved Reserves
22 MMboe
PV-10 ($MM)
1,212
Source Documents:
Location
Calculated Metrics( EV/Category)
Region
Canada
Country
Canada
Play
Production & Reserves Production
9,600 Boe/d
Production Mix
46 % Liquid
Reserves
22 MMboe (1P)
Calculated Metrics( EV/Category)
$/ Flowing
65,104
$/ Acre
17,730
$/Location
7,022,472
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 |
|---|---|---|---|---|---|
| Nov-06-2024 |
-  |
- |
Click here | Alberta | E&P |
| 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 |
| Date | Deal Headline | Price | $/acre |
|---|---|---|---|
| Nov-04-2025 | Ovintiv Acquires NuVista Energy for $2.7B, Establishing Premier Montney Position | - |
- |
| Nov-06-2024 | Ovintiv to Acquire Montney Assets from Paramount for $2.377 Billion in All-Cash Deal | - |
- |
| Jun-29-2022 | Exxon Sells Off Montney, Duvernay Portfolio in $1.47 Billion Cash Deal | - |
- |