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Cuda Energy Inc.

Company Summary

Description

Cuda, a privately held corporation based in Calgary, Alberta, is engaged in the business of exploring for, developing and producing oil and natural gas, and acquiring oil and natural gas properties across North America. The Cuda management team has worked closely together for over 20 years in both private and public company environments and has an established track record of delivering strong shareholder returns. Cuda will continue to implement its proven strategy of exploring, acquiring, and exploiting with a long term focus on large, light oil resource based assets across North America including significant operational experience in the United States. The Cuda management team brings a full spectrum of geotechnical, engineering, negotiating and financial experience to its investment decisions.

Related Entities

Recent news

  • 9/18/2019 - Cuda Receives Approval... (subscriber access)
  • 9/5/2019 - Cuda Oil and Gas Closes... (subscriber access)
  • 7/25/2019 - Cuda Oil and Gas Sells... (subscriber access)
  • 10/17/2018 - Cuda Oil and Gas... (subscriber access)
  • 10/17/2018 - Cuda Oil and Gas... (subscriber access)

Company Transactions

Date: 8/30/2019
Type: Acquisition

SELLERS:
  • Cuda Energy Inc.
    • DETAILS:

    COST: 3.3 $MM

    NOTES:
    Cuda Oil and Gas entered into a series of binding asset purchase agreements to sell all of its oil and gas assets and related liabilities in Quebec for $3.3 million.

    Date: 10/17/2018
    Type: Acquisition

    BUYERS:
  • Cuda Energy Inc.
    • DETAILS:

    ACRES: 3667 Acres

    NOTES:
    Cuda completed the acquisition of the Cole Creek Unit and surrounding land comprising of roughly 11,000 gross acres(3,667 net) currently producing roughly 50 bbls/d. The operator of the field intends to optimize operations and increase production through a series of work-overs and re-completions.
    REGIONS:
  • Powder River Basin

    • Date: 10/17/2018
    Type: Acquisition

    BUYERS:
  • Cuda Energy Inc.
    • SELLERS:
  • Bureau of Land Management
    • DETAILS:

    ACRES: 1681.65 Acres

    NOTES:
    Cuda successfully acquired 5,045.46 gross acres(1,681.65 net) in a recent Bureau of Land Management mineral land sale in Converse and Natrona Counties, Wyoming. All of the 10-year leases contain a 12.5% royalty.
    REGIONS:
  • Powder River Basin