Skip to main content
Database
A&D / Deals

Latest News and Analysis
Deals and Transactions
Track Drilling (Rigs by operator) | Completions (Frac Spreads)

One-Page Deal Sheet

Penn West to Sell Royalty Interests to Freehold Royalties

Freehold Royalties Ltd. Penn West Petroleum Ltd.
AnnouncedApr 15, 2015
TypeProperty
Announced Date
April 15,2015
Effective Date
March 01,2015
Close Date
May 06,2015
Transaction Type
Property
Enterprise Value (EV)($MM)
321




Snapshot
Asset/Basin:
{Viking,"Western Canadian Sedimentary Basin"}
TargetZones:
{Viking}
Net Acres
Subscribe to see
Location
Region
Canada

Country
Canada

Production
Production
Subscribe to see


Calculated Metrics( EV/Category)
$/ Flowing
Subscribe to see

$/ Acre
Subscribe to see

Transaction Details:  Subscribe to see

Transactions Overview and Highlights

The Transactions complement and enhance Freehold's underlying royalty asset base, significantly expanding the Company's production and cash flow royalty weighting. In line with Freehold's ongoing strategy to acquire attractive royalty interests on an accretive basis, the Transactions are expected to further bolster Freehold's free cash flow and strengthen dividend sustainability by lowering the Company's debt to cash flow and basic payout ratios. As a result of the Transactions, Freehold's net average production guidance for 2015 will increase to 10,800…

Source : Subscribe to see

Canada Deal Activity In Last 12 Months


Other Canada Region's Deals


Announced DateBuyerSellerDeal Value($mm)LocationCategory
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

Other Canada Deals


Announced DateBuyerSellerDeal Value($mm)LocationCategory
Nov-04-2025 - - Click here Alberta  E&P
Nov-06-2024 - - Click here Alberta  E&P
Jun-29-2022 - - Click here Alberta  E&P
Nov-29-2021 - - Click here Alberta  E&P
May-24-2021 - - Click here Alberta  E&P

Price History


Date Deal Headline Price$/acre
Nov-04-2025 Ovintiv Acquires NuVista Energy for $2.7B, Establishing Premier Montney Position -   19,286
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 -   2,294