One-Page Deal Sheet
Petrobakken Sells Alberta Bakken Light Oil Assets
Crescent Point Energy Corp. Petrobakken Energy Ltd.
Announced Date
February 16,2012
Close Date
March 16,2012
Transaction Type
Property
Enterprise Value (EV)($MM)
427
Asset/Basin:
{"Williston Basin"}
TargetZones:
{Bakken,"Viewfield B
Net Acres
% Oil:
Net Operated Locations:
Proved Reserves
Location
Calculated Metrics( EV/Category)
Region
Williston Basin,Canada
Country
Canada
Play
Production & Reserves Production
Reserves
Calculated Metrics( EV/Category)
$/ Flowing
$/ Acre
$/Location
Transaction Details: Subscribe to see
PetroBakken Energy Ltd., announces that we have entered into an agreement to sell certain non-core southeast Saskatchewan assets Non-Core Assets to Crescent Point Energy Corp. for gross cash proceeds of $427 million, subject to closing adjustments Transaction.
The Non-Core Assets are considered to be outside the key focus of our Bakken Business Unit as they are largely non-operated and generally have lower average working interest than our remaining lands.
Proceeds from the Transaction will initially be used to further pay down our credit facility, leaving at least $1.1 billion in available…
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|---|---|---|---|
| Jul-25-2016 | Zargon Sells SE Saskatchewan/ Williston Basin Assets To TORC Oil & Gas | -  |
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| Apr-15-2014 | Lightstream to Sell Non-Core Conventional Business Unit | - |
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