Dominion Royalty Partners, ULC (“Dominion” or the “Company”) has engaged Sayer Energy Advisors to assist the Company with the sale of its royalty interests, consisting of gross overriding royalty (“GORR”), Lessor Royalty (“LORR”) and Gross Royalty Trust (“GRT”) interests, located in the Clive and Holden areas of Alberta and the Benson, East Carnduff, Hazlet, Premier North, Queensdale, Success and Weyburn areas of Saskatchewan (the “Properties”).
Royalty income net to Dominion from the Properties for the quarter ended March 31, 2024 was approximately $39,000, or $156,000 on an annualized basis.
Daily production net to Dominion from the Properties for the quarter ended March 31, 2024 averaged approximately seven boe/d, consisting of seven bbl/d of oil and two Mcf/d of natural gas.
Royalty payers include Computershare Trust Company of Canada, Ember Resources Inc., Enhance Energy Inc., Freehold Royalties Ltd., Jarrod Oils Ltd., Pine Cliff Energy Ltd., ROK Resources Inc., Saturn Oil & Gas, Inc., Veren Inc. and Woodland Development Corp.
Summary information relating to this divestiture is attached to this correspondence. A package of more detailed confidential information will be sent to any party executing a Confidentiality Agreement (copy attached).
Cash offers relating to this process will be accepted until 12:00 pm on Thursday, October 17, 2024.
For further information please feel free to contact: Ben Rye, Sydney Birkett, or Tom Pavic at 403.266.6133.