One-Page Deal Sheet
Topaz Acquires Assets From Tourmaline For $347 Million
Topaz Energy Corp. Tourmaline Oil Corp.
Announced Date
May 24,2021
Transaction Type
Royalty
Enterprise Value (EV)($MM)
245
Location
Calculated Metrics( EV/Category)
Region
Canada
Country
Canada
Play
Production Production
Production Mix
Calculated Metrics( EV/Category)
$/ Flowing
$/ Acre
$/Location
$/EBITDA
Transaction Details: Subscribe to see
Topaz Energy Corp. has signed a deal with Tourmaline Oil Corp. for the purchase of gross overriding royalty interests on approximately 535,000 gross acres in the NEBC Montney and working interest ownership in the Gundy infrastructure assets for $245 million in cash.
Deal Details:- Acreage: 535,000 gross acres acquired
134% increase to Topaz’s NEBC Montney royalty lands (Montney rights) to 503,000 gross acres- Drilling Locations: 1,700 gross
- Production: 22,600 boe/d (25% crude oil and natural gas liquids / 75% natural gas)
- Midstream Assets: Non-operated 10% working interest in…
| Announced Date | Buyer | Seller | Deal Value($mm) | Location | Category |
|---|---|---|---|---|---|
| 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 |
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