One-Page Deal Sheet
Surge Bolts on Producing Property to Core Area
Surge Energy Inc Not Disclosed
Announced Date
November 06,2013
Close Date
December 04,2013
Transaction Type
Property
Enterprise Value (EV)($MM)
77
Location
Calculated Metrics( EV/Category)
Region
Canada
Country
Canada
Play
Production Production
Calculated Metrics( EV/Category)
$/ Flowing
Transaction Details: Subscribe to see
Closing Announcement - December 4, 2013
Surge Energy Inc. has announced that it has now closed the previously announced acquisition of a high quality, low decline, operated, crude oil producing asset strategically located near Wainwright in the Company’s core area of Central Alberta.
The Assets include over 980 barrels per day of primarily medium gravity crude oil production (with a historical nine percent annual decline), producing from the Sparky Formation. The purchase price for the Assets was $76.8 million.
The Acquisition comprises an elite, operated, low decline crude oil property…
| Date | Deal Headline | Price | $/acre |
|---|---|---|---|
| Nov-04-2025 | Ovintiv Acquires NuVista Energy for $2.7B, Establishing Premier Montney Position | -  |
- |
| 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 | - |
- |