Omers Resources Ltd. and Superman Resources Inc. have acquired a 47% interest in Alberta oil and gas properties west of the fifth meridian from Maxx Petroleum Ltd., Calgary, for C$39 million. Production from the assets averaged 978 BOE per day in October or approximately 10.5% of Maxx's total production. The purchasers have formed a joint venture with Maxx to jointly spend more than C$10 million to acquire new oil and gas prospects in central Alberta. Cabre Exploration Ltd., Calgary, plans to sell its northeastern Alberta shallow-gas area to a major oil and gas producer for C$125 million, the assumption of certain transportation commitments and a gross overriding royalty interest on 22,400 gross acres of oil sands leases. Samson Canada Ltd., Tulsa, plans to acquire properties in northeast British Columbia for C$90 million from Petro-Canada. Current average net production from these properties is 15 million cu. ft. of gas per day.
Recommended Reading
Gulfport Upsizes Debt Offering to $650 Million
2024-09-04 - Gulfport Energy plans to raise $650 million in new senior notes to repurchase existing debts maturing in 2026.
Post Oak-backed Quantent Closes Haynesville Deal in North Louisiana
2024-09-09 - Quantent Energy Partners’ initial Haynesville Shale acquisition comes as Post Oak Energy Capital closes an equity commitment for the E&P.
Upstream, Midstream Dividends Declared in the Week of July 8, 2024
2024-07-11 - Here is a selection of upstream and midstream dividends declared in the week of July 8.
BPX’s Koontz: The Rise of a Shale Man
2024-07-02 - CEO Kyle Koontz takes the reins of BPX Energy’s rapid onshore growth amid big changes at BP.
Dividends Declared in the Week of Aug. 19
2024-08-23 - As second-quarter earnings wrap up, here is a selection of dividends declared in the energy industry.
Comments
Add new comment
This conversation is moderated according to Hart Energy community rules. Please read the rules before joining the discussion. If you’re experiencing any technical problems, please contact our customer care team.