One-Page Deal Sheet
Tourmaline Acquires Shell's Deep Basin / Montney Assets for C$1.3 Billion
Tourmaline Oil Corp. Shell plc
Announced Date
October 21,2016
Close Date
November 30,2016
Transaction Type
Property
Enterprise Value (EV)($MM)
1369
Asset/Basin:
{"Alberta Deep Basin",Montney}
TargetZones:
{Montney}
Net Acres
Proved Reserves
Location
Calculated Metrics( EV/Category)
Region
Canada
Country
Canada
Play
Production & Reserves Production
Reserves
Calculated Metrics( EV/Category)
$/ Flowing
$/ Acre
$/Location
Transaction Details: Subscribe to see
Closing Announcement - November 30, 2016
Tourmaline has closed the previously announced acquisition from Shell Canada Energy.
The Company has acquired strategic assets located in the Alberta Deep Basin and the North East British Columbia Gundy area for total consideration of $1.369 billion , including cash consideration of $1.0 billion and 10,017,938 Tourmaline common shares.
The cash portion of the Acquisition purchase price was funded through equity financings for gross proceeds of $756.1 million , which closed on November 10, 2016 , and Tourmaline's existing credit facilities.
Initial…| Announced Date | Buyer | Seller | Deal Value($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 |
|---|---|---|---|
| Nov-04-2025 | Ovintiv Acquires NuVista Energy for $2.7B, Establishing Premier Montney Position | - |
- |
| 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 | - |
- |