One-Page Deal Sheet
Petro Viking Picks Up Duvernay, Viking Mineral Rights
Petro Viking Energy Inc. Not Disclosed
Announced Date
March 17,2021
Transaction Type
Mineral Rights
Enterprise Value (EV)($MM)
1
Asset/Basin:
["Western Canadian Sedimentary Basin (Alberta)"]
TargetZones:
["Belly River", "Vik
Net Acres
Proved Reserves
Location
Calculated Metrics( EV/Category)
Region
Canada
Country
Canada
Play
Production & Reserves Reserves
Calculated Metrics( EV/Category)
$/ Acre
$/Location
Transaction Details: Subscribe to see
Petro Viking Energy Inc. has acquired mineral rights that are producing from the Belly River, Viking, Ellerslie, Duvernay and Wabamun.
The Gross Purchase Price was $285 per acre, with the total net cost to Petro Viking, being $747,640.
The seller was not disclosed.
As a result of the acquisition, the Company now holds a 50% interest in 7,680 acres of mineral rights, (3,840 acres net). The deal also adds 10 locations for a total of 15.
It adds ~1.0 MMBOE of reserves to Petro Viking's portfolio.
Petro Viking Energy Inc.’s proven and undeveloped lands are anticipated to result in an additional…
| Announced Date | Buyer | Seller | Deal Value($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 |
|---|---|---|---|
| Jun-29-2022 | Exxon Sells Off Montney, Duvernay Portfolio in $1.47 Billion Cash Deal | - |
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| Feb-17-2021 | Crescent Point Inks $900MM Deal for Shell's Duvernay Assets | - |
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| Apr-17-2019 | Pine Cliff Acquires Ghost Pine / Duvernay Asset for $8.6MM | - |
- |