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Pengrowth Unloads Portion of Swan Hills Assets for $180 Million

Not Disclosed Pengrowth Energy Corp
AnnouncedMar 21, 2017
TypeProperty
Announced Date
March 21,2017
Effective Date
January 01,2017
Close Date
July 06,2017
Transaction Type
Property
Enterprise Value (EV)($MM)
180




Snapshot
Asset/Basin:
{"Swan Hills"}
TargetZones:
{"Swan Hills"}
Proved Reserves
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Location
Region
Canada

Country
Canada

Production & Reserves
Production
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Production Mix
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Reserves
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Calculated Metrics( EV/Category)
$/ Flowing
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Transaction Details:  Subscribe to see

Pengrowth Energy has inked a deal to sell a portion of its Swan Hills assets in North Central Alberta for total cash consideration of $180 million.

The divested assets generated average daily production of approximately 4,920 barrels of oil equivalent per day (boe per day) (weighted approximately 82 percent towards liquids) during the fourth quarter of 2016 and had Proved plus Probable (2P) reserves of 31 million boe as at December 31, 2016, according to the independent reserve evaluators GLJ Petroleum Consultants Ltd.

This transaction will allow Pengrowth to further reduce its level of debt…


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Canada Deal Activity In Last 12 Months


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