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Pine Cliff to Acquire Alberta, Saskatchewan Gas Assets

Pine Cliff Energy Ltd. Not Disclosed
AnnouncedJul 17, 2014
TypeProperty
Announced Date
July 17,2014
Effective Date
July 01,2014
Close Date
October 01,2014
Transaction Type
Property
Enterprise Value (EV)($MM)
100




Snapshot
Asset/Basin:
{"Western Canadian Sedimentary Basin"}
TargetZones:
{"Milk River","Medic
Proved Reserves
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Location
Region
Canada

Country
Canada

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

Pine Cliff Energy Ltd. has announced that it has entered into a binding agreement dated July 17, 2014 to acquire certain shallow natural gas assets in Alberta and Southern Saskatchewan  from a senior oil and gas producer for cash consideration of $100 million, prior to any adjustments.

The majority of the Alberta assets are located east of the City of Medicine Hat with some minor assets in Central Alberta near the City of Wetaskiwin. The Saskatchewan assets are located near the Town of Maple Creek.

The cash consideration to be paid by Pine Cliff is expected to be financed by a combination of…


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Canada Deal Activity In Last 12 Months


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

Other Canada Deals


Announced DateBuyerSellerDeal Value($mm)LocationCategory
May-14-2021 - - Click here Saskatchewan  E&P
Dec-09-2020 - - Click here Saskatchewan  E&P
Sep-01-2020 - - Click here Saskatchewan  E&P
Nov-14-2019 - - Click here Saskatchewan  Midstream
Sep-03-2019 - - Click here Saskatchewan  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 -   2,300