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One-Page Deal Sheet

Terra Energy Corp to Sell Non Core Alberta Property

Not Disclosed Terra Energy Corp.
AnnouncedSep 25, 2015
TypeProperty
Announced Date
September 25,2015
Close Date
October 01,2015
Transaction Type
Property
Enterprise Value (EV)($MM)
11




Snapshot
Net Acres
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% Oil:
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Location
Region
Canada

Country
Canada

Production
Production
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Calculated Metrics( EV/Category)
$/ Flowing
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$/ Acre
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Transaction Details:  Require Private Equity Subscription

Closing Announcement - October 1, 2015

Terra Energy Corp. has announced that the Company has closed the previously announced sale of certain of the Company's non-core, P&NG assets in the Boundary Lake and Worsley areas of the Province of Alberta for $10.615 million. Net proceeds from the sale transaction will be used to strengthen the Company's balance sheet, reduce total debt and improve on operational efficiencies and production.

Assets sold include 42 net wells (57 gross) with current production of approximately 500 boe/day (comprised of 38% oil/liquids and 62% gas), and undeveloped land…


Source : Require Private Equity Subscription

Canada Deal Activity In Last 12 Months


Other Canada Region's Deals


Announced DateBuyerSellerDeal Value($mm)LocationCategory
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

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

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 -   2,291