One-Page Deal Sheet
Strath Inks $340MM Deal for Paramount's Resthaven Montney Assets
Strath Resources Ltd Paramount Resources Ltd.
Announced Date
June 18,2018
Close Date
July 06,2018
Transaction Type
Property
Enterprise Value (EV)($MM)
340
Location
Calculated Metrics( EV/Category)
Region
Canada
Country
Canada
Play
Production Production
Production Mix
Calculated Metrics( EV/Category)
$/ Flowing
$/ Acre
Transaction Details: Subscribe to see
Strath Resources has agreed to acquire Paramount Resources' assets in the Resthaven/Jayar area of the Kakwa region for total consideration of $340 million.
This deal closed on July 6, 2018.
Acquisition Highlights 201 sections (128,640 acres) of land (152 net sections / 97,280 net acres) with multi-zone potential, including 77 sections of Montney rights (75 net) 62 mmcf/d of owned processing capacity at the Pembina 8-11 and Cenovus 1-36 Resthaven gas plants 29 mmcf/d of firm service on TCPL and 4,000 bbls/d of firm liquids transportation 5,300 boe/d of current production (36% liquids)The pu…
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