• Sign up for the Daily Digest E-mail
  • Facebook
  • X
  • LinkedIn

BOE Report

Sign up
  • Home
  • StackDX Intel
  • Headlines
    • Latest Headlines
    • Featured Companies
    • Columns
    • Discussions
  • Well Activity
    • Well Licences
    • Well Activity Map
  • Property Listings
  • Land Sales
  • M&A Activity
    • M&A Database
    • AER Transfers
  • Markets
  • Rig Counts/Data
    • CAOEC Rig Count
    • Baker Hughes Rig Count
    • USA Rig Count
    • Data
      • Canada Oil Market Data
      • Canada NG Market Data
      • USA Market Data
      • Data Downloads
  • Jobs

Non-Core Property Divestiture: Dunvegan, Alberta

August 21, 20197:57 AM Alan Tambosso

Sayer Energy Advisors has been engaged to assist a senior oil and natural gas exploration and production company (the “Company”) with the sale of its non-core natural gas property located in the Dunvegan area of Alberta (the “Property”).

In the Dunvegan area of Alberta, the Company holds a 4.29% working interest in the Dunvegan Gas Unit No. 1 (the “Unit”), which is operated by Canadian Natural Resources Limited, as well as various other interests surrounding the Unit.  A large portion of the production and cash flow from the Property is from the Company’s interest the Unit.

First quarter 2019 average production net to the Company from the Property averaged approximately 1.8 MMcf/d of natural gas and 98 barrels of oil and natural gas liquids per day (412 boe/d). This includes approximately 1.4 MMcf/d of natural gas and 14 barrels of oil and natural gas liquids per day (315 boe/d) from the Unit.

Net operating income from the Property totaled approximately $787,000 in 2018.  This includes approximately $704,000 of net operating income from the Company’s interest in the Unit.

The Company prepared an internal reserves evaluation of the Property specifically for this divestiture (the “Reserve Report”).  The Reserve Report was audited by Sproule Associates Limited (“Sproule”).  The Reserve Report is effective March 31, 2019 using Sproule’s March 31, 2019 forecast pricing. The Company estimates that, as of March 31, 2019, the Property contained remaining proved plus probable reserves of 4.6 Bcf of natural gas and 293,000 barrels of oil and natural gas liquids (1.1 million boe), with an estimated net present value of $5.1 million using forecast pricing at a 10% discount.

Summary information relating to this divestiture is attached to this correspondence.  More specific information is available at www.sayeradvisors.com.  A package of more detailed confidential information will be sent to any party executing a Confidentiality Agreement (copy attached).

 Cash offers relating to acquire the Property will be accepted until 12:00 pm on Thursday, September 19, 2019.

For further information please feel free to contact: Ben Rye, Tom Pavic, Grazina Palmer or myself at 403.266.6133.

Click here to view more detailed information

Alan W. Tambosso, P.Eng. P.Geol.
President
SAYER ENERGY ADVISORS
1620, 540 – 5th Avenue SW
Calgary, Alberta   T2P 0M2
P: 403.266.6133  C: 403.650.8061  F: 403.266.4467
www.sayeradvisors.com

Canadian Natural Resources Property Listings

Follow BOE Report
  • Facebook
  • X
  • LinkedIn

Sign up for the BOE Report Daily Digest E-mail

Successfully subscribed

Latest Headlines
  • 2025 SECURE Stampede Charity Party Raises Record-Breaking $1,024,500 For Four Vital Charities
  • July 2025 Energy Market Overview: Volatility & Resilience
  • Stocks fall, gold rises after Trump sets tariff sights on Canada
  • Canada back in tariff crosshairs
  • Oil climbs on potential Russia sanctions; OPEC+ output, tariffs weigh

Return to Home
Alberta GasMonthly Avg.
CAD/GJ
Market Data by TradingView

    Report Error







    Note: The page you are currently on will be sent with your report. If this report is about a different page, please specify.

    About
    • About BOEReport.com
    • In the News
    • Terms of Use
    • Privacy Policy
    • Editorial Policy
    Resources
    • Widgets
    • Notifications
    • Daily Digest E-mail
    Get In Touch
    • Advertise
    • Post a Job
    • Contact
    • Report Error
    BOE Network
    © 2025 Stack Technologies Ltd.