One-Page Deal Sheet
Pengrowth Sheds Non-Core Saskatchewan Assets
Not Disclosed Pengrowth Energy Corp
Announced Date
September 10,2013
Effective Date
June 01,2013
Close Date
September 10,2013
Transaction Type
Property
Enterprise Value (EV)($MM)
510
Proved Reserves
Location
Calculated Metrics( EV/Category)
Region
Canada
Country
Canada
Play
Production & Reserves Production
Reserves
Calculated Metrics( EV/Category)
$/ Flowing
Transaction Details: Subscribe to see
Pengrowth Energy Corporation has closed the previously announced divestiture of its non-core southeast Saskatchewan assets, effective June 1, 2013.
Proceeds from the sale are $510 million, prior to closing adjustments.
The assets sold had production of approximately 5,700 barrels of oil equivalent per day (boe/d) (93% liquids) and proved plus probable reserves of 21.3 million barrels assigned to them at December 31, 2012, according to the independent reserve evaluators GLJ Petroleum Consultants Ltd.
Including this transaction, by September 30, 2013, Pengrowth expects to have sold…
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