Latest News and Analysis
Deals and Transactions
Track Drilling (Rigs by operator) | Completions (Frac Spreads)

    emailEmail    |    bookmarkBookmark

Schlumberger Limited,Torxen Resources → Cenovus Energy Inc.- One-Page Deal Sheet

Announced Date
October 19,2017
Close Date
December 07,2017
Transaction Type
Property
Enterprise Value (EV)($MM)
1000




Snapshot
Net Acres
800,000
Source Documents:
   Source Link
   Source Link
Location
Region
Canada

Country
Canada

Production
Production
54,000 Boe/d

Production Mix
24 % Liquid


Calculated Metrics( EV/Category)
$/ Flowing
18,519

$/ Acre
1,250

Transaction Details: 

Torxen and Schlumberger have agreed to acquire the Palliser Block located in Alberta, Canada, from Cenovus Energy for US$1.0 billion.

Schlumberger will be the majority non-operating owner, with the rights to exclusive service provision and Torxen will be the operator. The oil-focused development strategy includes a multiyear drilling program of more than 1,600 oil wells starting in 2018.

The Palliser Block consists of oil and gas wells, surface facilities, a pipeline network, and approximately 800,000 acres of oil and gas development rights. The asset has current production of approximately 54,000 BOE/d.

The Palliser Block borders the acreage awarded to the Schlumberger Production Management (SPM) and Torxen joint venture established earlier this year.

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-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
May-18-2021 - - Click here Alberta  E&P

Price History


Date Deal Headline Price$/acre
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 -   2,276
Nov-29-2021 CNRL to Acquire Montney-Focused Storm Resources in $960MM Deal -  

Other Cenovus Energy Inc. Deals


Announced DateBuyerSellerDeal Value($mm)LocationCategory
Jul-07-2021 - - Click here Alberta  E&P
May-18-2021 - - Click here Alberta  E&P
Nov-09-2020 - - Click here Alberta  E&P
Oct-25-2020 - - Click here Alberta  E&P
Aug-09-2018 - - Click here   E&P

Other Schlumberger Limited Deals


Announced DateBuyerSellerDeal Value($mm)LocationCategory
Jan-31-2020 - - Click here   E&P
Nov-04-2017 - - Click here Texas  E&P
Apr-12-2013 - - Click here Texas  E&P
Apr-12-2013 - - Click here Texas  E&P