Yesterday’s light oil asset acquisition by Raging River added another $58 million to a substantial sum of deals in Viking play this year. So far in 2016, $1.27 billion worth of transactions has closed with an additional $433 million announced.
The Viking has indeed been a sought after play, however, the Montney remains the most active play for M&A activity in western Canada with $2.3 billion in deals completed year-to-date.
The Williston Basin and Shaunavon have seen approximately $500 million in completed transactions, while other plays are totalling less than $200 million. See the chart below with data gathered from the BOE Report M&A Database.