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Freehold Royalties Ltd

Company Summary

Financial Data:


Tickers:

  • FRU - Toronto Stock Exchange

Recent news

  • 7/7/2022 - Freehold Royalties... (subscriber access)
  • 5/12/2022 - Freehold Royalties... (subscriber access)
  • 5/12/2022 - Freehold Royalties... (subscriber access)
  • 7/19/2021 - Perpetual Energy Creates... (subscriber access)
  • 12/21/2017 - Bonterra Selling a 2%... (subscriber access)

Company Transactions

Date: 7/7/2022
Type: Acquisition

BUYERS:
  • Freehold Royalties Ltd
    • DETAILS:

    COST: 155 $MM

    VOLUMES: 1.1 MBOE/d

    ACRES: 6900 Acres

    NOTES:
    Freeholde Royalties has entered into a pair of deals to acquire U.S. mineral and royalty assets in the Midland Basin and Eagle Ford Shale. The Midland deal totaled $123 million and the Eagle Ford purchase was for $32 million. The assets will add 1.1 Mboe/d in production and $31 million in funds from operations in 2023. Overall, the positions cover 8,000 net royalty acres.
    REGIONS:
  • Eagle Ford
  • Permian Basin
  • Midland Basin

    • Date: 7/19/2021
    Type: Acquisition

    BUYERS:
  • Freehold Royalties Ltd
    • SELLERS:
  • Rubellite Energy Inc.
    • DETAILS:

    COST: 7.9 $MM

    NOTES:
    Rubellite has signed a deal with Freehold Royalties to sale a 3-5% gross overriding royalty interest in their Figure Lake asset for $7.9 million. That will be paid under a drilling commitment agreement, which covers four commitment wells and a portion of 12 additional well costs.
    REGIONS:
  • Montney Formation

    • Date: 12/20/2017
    Type: Acquisition

    BUYERS:
  • Freehold Royalties Ltd
    • SELLERS:
  • Bonterra Energy Corp
    • DETAILS:

    COST: 52 $MM

    VOLUMES: 115 BOE/d

    NOTES:
    Bonterra has entered into a deal to divest a two percent non-convertible gross overriding royalty in the Pembina Cardium pool for $52 million to Freehold Royalties Ltd. The sale includes 2.5 net sections of land and 115 boe/d in production.
    REGIONS:
  • Cardium Tight Oil Formation
  • Pembina Oil Field

    • Date: 5/25/2016
    Type: Acquisition

    BUYERS:
  • Freehold Royalties Ltd
    • SELLERS:
  • Husky Energy Inc
    • DETAILS:

    COST: 165 $MM

    NOTES:
    Royalty interest and mineral title lands
    REGIONS:
  • Western Canadian Sedimentary Basin