• 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

Athabasca Oil Corporation: Montney joint venture opportunity – Karr, Alberta

September 27, 20227:20 AM BOE Report Staff

Sayer Energy Advisors has been engaged to assist Athabasca Oil Corporation (“Athabasca” or the “Company”) with the farmout or sale of its oil and natural gas interests located in the Karr area of Alberta (the “Property”).

The Property consists of a 100% working interest in approximately 51,000 acres of land which was acquired by Athabasca as four-year Crown mineral rights licenses. These lands were acquired because of their position within the up-dip oil prone leg of the Montney Formation within the Deep Basin.

There is no production from the Property. The Property is prospective for oil and natural gas drilling in the Montney Formation.

The Company has identified approximately 585 million barrels of oil originally in place in the Lower Middle Montney interval at Karr.

At Karr, the Company has identified approximately 100 1.5-mile lateral drilling locations in the Montney Formation using 400 metre well spacing.

In addition to the Montney Formation, the Company also believes the Cardium, Dunvegan, Duvernay and Beaverhill Lake formations to be prospective for oil and natural gas at Karr.

Recent Montney development at Karr has been very active. Several operators in the region have been developing the reservoir, with over 410 wells drilled in the Montney since 2018. The Company’s lands at Karr lie between the low-pressure Deep Basin oil deposits to the north and east at Ante Creek and the high-pressure Deep Basin natural gas liquids trend to the southwest at Kakwa.

Athabasca has surveyed and is in the process of acquiring a surface location at 16-11-065-27W5 which can be utilized for a stratigraphic or lateral well. This location is also controlled by regional trade 2D seismic line(s). The economics of the 1.5-mile horizontal wells indicate a net present value at a 10% discount of approximately $10.6 million using a flat oil price of $85.00 WTI and a flat natural gas price of $4.00 AECO.

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).

Proposals relating to this opportunity will be accepted until 12:00 pm on Thursday, October 27, 2022.

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

 

Athabasca Oil Property Listings

Follow BOE Report
  • Facebook
  • X
  • LinkedIn

Sign up for the BOE Report Daily Digest E-mail

Successfully subscribed

Latest Headlines
  • Discount on Western Canada Select widens
  • European Commission proposes Russian oil price cap 15% below global price
  • US oil/gas rig count down for 11th week to lowest since 2021, Baker Hughes says
  • Taiwan’s CPC Corp eyes US shale gas assets, sources say
  • Saudi Arabia complying fully with voluntary OPEC+ target, energy ministry says

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.