One-Page Deal Sheet
Tourmaline Acquires Peace River Interests for C$175MM
Tourmaline Oil Corp. Not Disclosed
Announced Date
November 06,2019
Transaction Type
Working Interest
Enterprise Value (EV)($MM)
175
Asset/Basin:
{"Peace River High"}
Net Operated Locations:
Proved Reserves
Location
Calculated Metrics( EV/Category)
Region
Canada
Country
Canada
Play
Production & Reserves Production
Reserves
Calculated Metrics( EV/Category)
$/ Flowing
$/Location
Transaction Details: Subscribe to see
Tourmaline Oil reported that it has re-acquired the 25% working interest in the Peace River High complex for $175 million (Cdn).
The acquisition adds approximately 5,600 boepd of oil and natural gas production currently operated by Tourmaline and net 2P reserves of approximately 62.0 mmboe.
The acquired asset was originally sold by Tourmaline in Q4 2014 and was producing approximately 3,000 boepd with 2P reserves of 24.0 mmboe at that time. Tourmaline also consolidated the facility working interests back to 100% and acquired an additional net 125 booked drilling locations (GLJ Jan. 1…
| Announced Date | Buyer | Seller | Deal Value($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 | - |
- |