Montney Shale Consolidation Continues with Canadian Natural Resources Deal
Transaction Type
Sellers
Basin
Western Canadian Sedimentary Basin; Montney
Announce Date
Post Date
Close Date
Estimated Price
CA$461.0MM
Description
Acquired Calgary, Alberta-based Painted Pony which holds 187,000 net acres across the NE BC Montney fairway in the Western Canadian Sedimentary Basin producing about 270 MMcf/d of natgas and 4,600 bbl/d of NGL; includes assumption of C$350 MM of debt.