One-Page Deal Sheet
Talisman Drops Montney Acreage Position in Billion-Dollar Deal
Progress Energy Canada Ltd. Talisman Energy Inc.
Announced Date
November 08,2013
Effective Date
October 01,2013
Close Date
March 12,2014
Transaction Type
Property
Enterprise Value (EV)($MM)
1500
Location
Calculated Metrics( EV/Category)
Region
Canada
Country
Canada
Play
Production Production
Calculated Metrics( EV/Category)
$/ Flowing
$/ Acre
Production ($/Mcfe/d)
Transaction Details: Subscribe to see
Closing Announcement - March 12, 2014
Talisman Energy Inc. has reported the completion of the sale of approximately 127,000 net acres of its Montney position in northeast British Columbia to Progress Energy Canada Ltd. for a total cash consideration of C$1.5 billion.
Hal Kvisle, President and CEO, commented: "We announced this transaction in November 2013, and its closure, coupled with other previously announced deals, means we have achieved over $2 billion in dispositions within 12 months. During the next 18 months, we will continue to focus our portfolio and aim to divest a further $2…
| 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 | - |
- |