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Pieridae Acquires Alberta Upstream, Midstream Assets from Shell

Pieridae Energy Shell plc
AnnouncedJul 26, 2019
TypeAsset
Announced Date
July 26,2019
Close Date
October 17,2019
Transaction Type
Asset
Enterprise Value (EV)($MM)
190




Snapshot
Asset/Basin:
{"Western Canadian Sedimentary Basin"}
Location
Region
Canada

Country
Canada

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

Pieridae Energy Limited has signed a deal with Shell Canada Energy to purchase all of Shell’s midstream and upstream assets in the southern Alberta Foothills for a purchase price of CAD$190 million (~US$144 million).

The deal value is comprised of CAD$175 million in cash and CAD$15 million in stock.

The Assets to be acquired align well with Pieridae’s existing Central Alberta properties, providing further consolidation of the productive Alberta and British Columbia conventional foothills natural gas pools.

Asset Overview Production: 28,623 BOEPD (consisting of approximately 118.9 MMcf/d of…

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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
Dec-23-2024 - - Click here Alberta  E&P
Aug-01-2022 - - Click here Alberta  E&P
Sep-13-2021 - - Click here Alberta  E&P
Jul-07-2021 - - Click here Alberta  E&P
Jun-02-2021 - - Click here Alberta  E&P

Price History


Date Deal Headline Price$/acre
Dec-23-2024 Vermilion Expands Deep Basin Footprint with Acquisition of Westbrick Energy -   1,299
Jul-07-2021 i3 Energy Acquires Alberta Assets from Cenovus for C$65 Million -  
Mar-08-2021 Tamarack Acquires Woodcote, Alberta Asset Package for $149 Million -   964