One-Page Deal Sheet
Pine Cliff Acquires Ghost Pine / Duvernay Asset for $8.6MM
Pine Cliff Energy Ltd. Not Disclosed
Announced Date
April 17,2019
Close Date
June 03,2019
Transaction Type
Property
Enterprise Value (EV)($MM)
9
TargetZones:
{Duvernay,"Basal Qua
Net Acres
% Oil:
Net Operated Locations:
Location
Calculated Metrics( EV/Category)
Region
Canada
Country
Canada
Play
Production Production
Production Mix
Calculated Metrics( EV/Category)
$/ Flowing
$/ Acre
$/Location
Transaction Details: Subscribe to see
Pine Cliff Energy Ltd. has agreed to acquire oil and natural gas assets in the Ghost Pine area of Central Alberta for net cash consideration of $8.6 million.
The seller was not disclosed.
The Assets have prospective oil locations in the Duvernay, Basal Quartz and Glauconitic formations.
Deal Highlights:- Acreage: 104,692 net acres (66% WI)
- Production: 1,575 BOEPD (75% gas, 16% NGLs, 9% oil)
The Assets include ownership in key infrastructure including 99% ownership in a 30,000 Mcf/d gas plant, with significant excess capacity in close proximity to current Duvernay drilling activity| Announced Date | Buyer | Seller | Deal Value($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 | - |
- |
| Mar-17-2021 | Petro Viking Picks Up Duvernay, Viking Mineral Rights | - |
- |
| Feb-17-2021 | Crescent Point Inks $900MM Deal for Shell's Duvernay Assets | - |
- |