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Spartan Energy Corporation

Company Summary

Description

Spartan Energy Corp. is an oil and gas company based in Calgary, Alberta. Spartan has operations focused in southeast and west central Saskatchewan and maintains a multi-year inventory of oil focused horizontal drilling opportunities. Spartan’s experienced management team has a track record of profitability and value creation and is committed to creating per share growth for our investors. Vermilion acquired Spartan in a $1.4 billion deal in mid-2018.

Website

http://www.spartanenergy.ca/

Operational Regions

  • Saskatchewan

Financial Data:


Tickers:

  • SPE - Toronto Stock Exchange

Related Entities

Recent news

Investor Presentations

  • February 2018 Corporate Presentation
  • 3Q17 Investor Presentation (subscriber access)
  • September 2017 Corporate Presentation (subscriber access)
  • March 2017 Corporate Presentation (subscriber access)
  • Spartan Energy Corp - 2015 Q4 Report (subscriber access)

Company Transactions

Date: 5/29/2018
Type: Acquisition

BUYERS:
  • Vermilion Energy, Inc.
    • SELLERS:
  • Spartan Energy Corporation
    • DETAILS:

    COST: 1.4 $B

    VOLUMES: 23 MBOE/d

    ACRES: 480000 Acres

    NOTES:
    The Spartan acquisition will add 73 Mmboe in 1P reserves, 1,000 development locations, 23 Mboe/d in production (91% oil) and 480,000 net acres of land.
    REGIONS:
  • Western Canadian Sedimentary Basin

    • Date: 12/8/2016
    Type: Acquisition

    BUYERS:
  • Spartan Energy Corporation
    • SELLERS:
  • Arc Resources Ltd
    • DETAILS:

    COST: 700 $MM

    VOLUMES: 7.5 MBOE/d

    ACRES: 132000 Acres

    NOTES:
    Spartan Energy entered into an agreement to acquire certain assets in southeast Saskatchewan for cash purchase price of $700 million from Arc Resources Ltd.
    REGIONS:
  • Saskatchewan

    • Date: 8/3/2016
    Type: Acquisition

    BUYERS:
  • Spartan Energy Corporation
    • DETAILS:

    COST: 24 $MM

    VOLUMES: 450 MBOE/d

    ACRES: 18688 Acres

    REGIONS:
  • Saskatchewan

    • Date: 6/24/2016
    Type: Merger

    BUYERS:
  • Spartan Energy Corporation
    • SELLERS:
  • Wyatt Oil & Gas
    • DETAILS:

    COST: 77 $MM

    VOLUMES: 1.3 MBOE/d

    ACRES: 29440 Acres

    NOTES:
    Spartan Energy financed the transaction through 11.4 Million shares and the company will assume $42 Million in net debt.
    REGIONS:
  • Saskatchewan