Your Portal for Key Energy Information and Research

Leucrotta Exploration

Company Summary

Description

Leucrotta Exploration Inc. is a Montney focused producer with lands located in the Dawson-Sunrise area in Northeast British Columbia. Leucrotta’s current acreage in the area is approximately 115,000 gross (100,000 net) acres or approximately 180 gross (155 net) sections of Montney land. Current production is approximately 2,400 boepd. Leucrotta’s shares are listed on the TSX Venture exchange under the symbol LXE.

Website

http://www.leucrotta.ca/corporate-information/

Operational Regions

  • Western Canadian Sedimentary Basin

Recent news

  • 6/1/2022 - Vermilion Energy Closes... (subscriber access)
  • 3/28/2022 - Vermilion Acquires... (subscriber access)
  • 3/31/2021 - Leucrotta Exploration... (subscriber access)
  • 3/17/2021 - Leucrotta Exploration... (subscriber access)
  • 3/16/2021 - Leucrotta Exploration... (subscriber access)

Investor Presentations

  • May 2018 Investor Presentation
  • January 2018 Corporate Presentation (subscriber access)
  • Investor Presentation - May 2017 (subscriber access)
  • April 2016 Presentation (subscriber access)

Company Transactions

Date: 6/1/2022
Type: Acquisition

BUYERS:
  • Vermilion Energy, Inc.
    • SELLERS:
  • Leucrotta Exploration
    • DETAILS:

    COST: 477 $MM

    VOLUMES: 13 MBOE/d

    ACRES: 77000 Acres

    NOTES:
    Vermilion Energy has closed on its deal to acquire Leucrotta Exploration for a purchase price of $477 million. The acquired assets include 77,000 net acres of mineral rights and targeted 2023 production of 13 Mboe/d. The new position also includes infrastructure plans to achieve plateau production of 28,000 boe/d within a few years.
    REGIONS:
  • Western Canadian Sedimentary Basin

    • Date: 4/1/2021
    Type: Acquisition

    SELLERS:
  • Leucrotta Exploration
    • DETAILS:

    COST: 30 $MM

    VOLUMES: 375 BOE/d

    ACRES: 6560 Acres

    NOTES:
    Leucrotta Exploration is divesting a non-strategic land position for $30 million, which covered 10.25 sections in the Montney that produce 375 boe/d. The sale will close around April 1, 2021.
    REGIONS:
  • Montney Formation

    • Date: 5/18/2017
    Type: Acquisition

    BUYERS:
  • Leucrotta Exploration
    • DETAILS:

    COST: 36 $MM

    ACRES: 11840 Acres

    REGIONS:
  • Montney Formation