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.