ExAlta Energy Ltd.

Transaction Type
Post Date
Estimated Price

ExAlta Energy Ltd., Calgary, has retained Rundle Energy Partners to sell its West Cove and Paddle River properties in central Alberta. The adjacent properties are about 60 kilometers west of Edmonton in Townships 54 and 55, Ranges 06 and 07W5. The West Cove package includes an average 74% interest in 13,440 gross acres and an operated interest in gas-gathering and compression facilities. Net production from seven operated wells is 322,000 cubic feet per day (54 barrels of oil equivalent) from the Belly River and Lea Park horizons. Net proved plus probable reserves are 86,000 barrels of oil equivalent. The Paddle River package includes an average 79% interest in 5,120 gross acres. Production is 322,000 cubic feet per day from eight wells. Net proved plus probable reserves are 7,000 barrels of oil equivalent. Additional assets include 13 kilometers of pipeline owned and operated. Bids are due Dec. 11. The effective date is Dec. 1. Contact Jill Switzer, 403-298- 9738.