Highlights of the three massive deals announced yesterday

Three large acquisitions were announced yesterday in North America’s upstream oil and gas industry. Combined, the transactions were valued at over C$3.25 billion containing 70,000 boe/d gross production and over 888 MMboe of proved reserves. Here’s the three deals:

Athabasca Oil Corp bought Statoil’s Leismer Thermal Oil Project

• $582,000,000 purchase price
• 24,000 bopd production
• 291 MMbbl proved reserves

PrairieSky Royalty announced a deal to purchase royalty assets from Pengrowth Energy Corporation

• $250,000,000 purchase price
• 608 bopd net production
• 415 MMbbl proved reserves (gross)

Gulfport Energy Corporation entered an agreement to buy a portfolio company of Quantum Energy Partners in Oklahoma

• US$1,850,000,000 purchase price
• 30,500 boe/d production
• 183 MMboe proved reserves

This data was collected from the BOE Report M&A database which contains even more comprehensive data available for free here.