One-Page Deal Sheet
Topaz Energy Signs $32MM Deal for 2% Gross ORRI
Topaz Energy Corp. Tamarack Valley Energy Ltd.
Announced Date
April 15,2021
Close Date
June 01,2021
Transaction Type
Royalty
Enterprise Value (EV)($MM)
32
Asset/Basin:
["Peace River High", "Western Canada Sedimentary Basin"]
TargetZones:
["Charlie Lake"]
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
Topaz Energy Corp. has inked a deal with Tamarack Valley Energy Ltd. for the purchase of a newly created gross overriding royalty interest in the Peace River High area of Alberta for total purchase consideration of $32.0 million.
This deal closed on June 1, 2021.
Deal DetailsTopaz will acquire a newly created 2% gross overriding royalty interest on crude oil, conventional natural gas and natural gas liquids from approximately 300,000 gross acres of Tamarack’s developed and undeveloped lands which are focused on Charlie Lake light oil development (approximately 210,000 gross acres).
Average…
| Announced Date | Buyer | Seller | Deal Value($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 |
| Date | Deal Headline | Price | $/acre |
|---|---|---|---|
| Dec-03-2014 | Artek Exploration Sells Non-Core Peace River Asset | - |
- |
| Feb-19-2014 | Devon Wraps Up Major Canadian Sale | - |
- |
| Jun-22-2012 | Petrus Resources Acquires Assets in Peace River Area | - |
- |