Skip to main content
Database
A&D / Deals

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

One-Page Deal Sheet

i3 Energy Acquires Alberta Assets from Cenovus for C$65 Million

i3 Energy Cenovus Energy Inc.
AnnouncedJul 7, 2021
TypeProperty
Announced Date
July 07,2021
Close Date
August 23,2021
Transaction Type
Property
Enterprise Value (EV)($MM)
54




Snapshot
Asset/Basin:
["Western Canadian Sedimentary Basin", "Central Alberta"]
TargetZones:
[]
Net Acres
Subscribe to see
Net Operated Locations:
Subscribe to see

Proved Reserves
Subscribe to see

PV-10 ($MM)
Subscribe to see
Location
Region
Canada

Country
Canada

Production & Reserves
Production
Subscribe to see

Production Mix
Subscribe to see

Reserves
Subscribe to see


Calculated Metrics( EV/Category)
$/ Flowing
Subscribe to see

$/ Acre
Subscribe to see

$/Location
Subscribe to see

Transaction Details:  Subscribe to see

i3 Energy plc has agreed to acquire certain petroleum and infrastructure assets within i3's Central Alberta core area from Cenovus Energy Inc. for CA$65 million (US$53.7 million). 

This deal closed on August 23, 2021.

Deal Details: Acreage: 212,000 net acres Drilling Locations: 140 net Production: 8,400 boepd (51% oil and NGLs) Reserves: Total Proved plus Probable Developed Producing reserves of 27.5 mmboe with an NPV10 of US$90 million and 2P reserves of 79.5 mmboe with an NPV10 of US$193 million

Majid Shafiq, CEO of i3 Energy plc, commented: "We continue to execute on our business…


Source : Subscribe to see

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
Dec-23-2024 - - Click here Alberta  E&P
Aug-01-2022 - - Click here Alberta  E&P
Sep-13-2021 - - Click here Alberta  E&P
Jun-02-2021 - - Click here Alberta  E&P
Mar-08-2021 - - Click here Alberta  E&P

Price History


Date Deal Headline Price$/acre
Dec-23-2024 Vermilion Expands Deep Basin Footprint with Acquisition of Westbrick Energy -   1,299
Mar-08-2021 Tamarack Acquires Woodcote, Alberta Asset Package for $149 Million -   964
Dec-15-2020 Tamarack Valley Inks $74MM Deal for Alberta Clearwater Assets -