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Husky 2019 Cold Heavy Oil and Gas Asset Divestiture

August 8, 2019 7:27 AM
BOE Report Staff

HIGHLIGHTS

  • Cold heavy oil and natural gas assets with high working interest
  • Operatorship in key infrastructure
  • Oil production from Wabiskaw, Grand Rapids, Cummings, and Sparky Formations
  • Undeveloped oil opportunities and material waterflood/polymer flood upside
  • Production affected by curtailment in 2019

PACKAGE 2018 AVG NET PROD
(boe/d)
2019 AVG NET PROD(1)
(boe/d)
2019 OIL WEIGHTING
(%)
NET LAND
(ha)
NET WELLBORE(2)
count
GROSS WELLBORE(2)
count
LMR(3)
ratio
McMullen 1,929 878 79% 25,701 403 406 3.08
Northend 648 437 100% 4,268 229 241 1.34
Amadou 768 396 2% 27,467 126 144 2.57
Total 3,345 1,711 66% 57,436 758 791 2.53

(1)Average 2019 production from Jan – Jun

(2)Wellbore count excludes Rec Cert and Royalty Interest wells

(3)LMR as of 6-May-2019 for McMullen and Amadou (AB); LLR as of 2-May-2019 for Northend (SK)

CONTACT

Negotiation

Sandra Seltsam
Senior Land Manager
T: 403 750 4922
Sandra.Seltsam@huskyenergy.com

Virtual Data Room

Jason Jiang
Business Development Advisor
T: 403 750 1972
Jason.Jiang@huskyenergy.com

Parties who are interested in signing a Confidentiality Agreement to view the Virtual Data Room, should contact Jason Jiang at Jason.Jiang@huskyenergy.com

TIMING

Data Rooms Open July 30, 2019
Bid Date TBA

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