Canadian Natural Resources to Acquire Storm Resources

Transaction Type
Basin
Montney Shale
Announce Date
Post Date
Estimated Price
CA$960.0MM
Description

To acquire Montney driller Storm Resources production of about 170 MMcfe/d (20% NGL) from 120,000 net acres across NE BC; includes a 68,000-net-acre position with 100% WI prospective for gas from the Muskwa, Otter Park and Evie/Klua shales in the Horn River Basin. (Expected to close December)