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Shell Canada Limited

Company Summary

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Company Transactions

Date: 4/5/2021
Type: Acquisition

DETAILS:

COST: 900 $MM

VOLUMES: 30 MBOE/d

ACRES: 320000 Acres

NOTES:
Crescent Point Energy has acquired Shell's Kaybob Duvernay assets for $900 million, including $700 million in cash and 50 million in common shares. The asset includes 30 Mboe/d in production (57% condensate, 8% NGL, 35% gas) and 500 net sections of land in the region. Upon closing in April 2021, Shell will own 8.6% of outstanding Crescent Point shares.
REGIONS:
  • Duvernay Formation
  • Date: 12/31/2016
    Type: Acquisition

    DETAILS:

    COST: 1037 $MM

    VOLUMES: 24.85 MBOE/d

    ACRES: 206000 Acres

    NOTES:
    Tourmaline will pay $758 million in cash and $279 million in common shares for the acreage. The acreage includes 61,000 acres in Northeast British Columbia and 145,000 acres in the Deep Basin of West Central Alberta. Estimated production from the properties is 24.84 Mboe/d.
    REGIONS:
  • Western Canadian Sedimentary Basin
  • West Central Alberta Deep Basin