Seven Generations Energy Ltd. (7G) has signed a pact with Paramount Resources Ltd. to acquire the latter’s oil and gas assets located within the Musreau / Kakwa area in the Deep Basin, Alberta, Canada.
The $1,468m transaction will be funded through a combination of cash and equity.
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The assets cover approximately 450 (310 net) sections of land and associated processing and transportation systems. The proved and probable (2P) reserves of the assets are estimated at 295mmboe as of December 2015.
Scheduled for completion in August 2016, the deal will ensure 7G to access newly constructed natural gas and liquids processing and pipeline facilities in Alberta.
U.S. Energy Corp. has signed a non-binding letter of intent (LoI) with Ironhorse Resources LLC for the acquisition of minority stake in oil and gas assets located in three core areas of Wattenberg field, in DJ Basin, Colorado, US.
Under the LoI, U.S. Energy has agreed to spend approximately $9.6m for the development of wells.
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By GlobalDataThe deal will enable U.S. Energy to expand its operations in the DJ Basin.
EnAqua Solutions, LLC has disposed its Cat Kenedy salt water disposal (SWD) facility for an undisclosed consideration.
The divestment forms part of EnAqua’s plans to expand its transportation fleet and deploy its assets across a greater geographical area.
Petrocapita Income Trust has signed a pact with Palliser Oil & Gas Corporation to acquire all of its oil and gas assets located in Alberta and Saskatchewan, Canada.
The assets cover 92,703 gross (58,784 net) acres of land, wells, and associated facilities including compressor stations and pipelines.
FTI Consulting Canada Inc. is the receiver manager to Petrocapita for the transaction.
Varo Energy Holding S.A. has agreed to acquire a fuel terminal and certain wholesale operations situated in Amsterdam, The Netherlands, from Enviem Holding B.V. The fuel terminal has a storage capacity of 66,000 cubic metres.
Scheduled for completion on or before 1 August 2016, the deal will enable Varo to fortify its refining, storage and logistics, and distribution and sales business in North West Europe.
