Imperial Oil Resources Limited (“Imperial”), on behalf of ExxonMobil Canada Energy (“ExxonMobil”), has initiated a process for the disposition of its Hussar asset. The Hussar asset consists of operated and non-operated properties located in southern Alberta as further outlined below.
- Virtual Data Room Available: 05/13/2019
- Effective Date: 06/01/2019
- Non-Binding Proposals Due : 06/20/2019
Hussar Area
ExxonMobil’s 2018 Average Production
- Gas production of 3.0 mmcf per day
- Liquids production of 260 bbl per day
Major Producing Formations
- Belly River, Ellerslie, Glauconite, Medicine Hat, Milk River, Viking
Key Features
- Low decline base production
- Undeveloped oil upside opportunity
- Significant ownership in gathering system
- Ownership in key area infrastructure including gas plants and batteries
- Spare fractionation capacity available
The package represents ExxonMobil’s working interest and royalty interest in the Hussar area.
Parties who are interested in signing a Confidentiality Agreement to view the Virtual Data Room, should contact:
James Bell
Contractor for ExxonMobil
587-476-4463
james.bell1@esso.ca