Taking into account that CA$214.4 million notes have been swapped for Tourmaline shares, Perpetual estimated its total net debt at about CA$29.5 million, down about 86% from year-end 2015’s CA$203.6 million.
The land will add about 30 million tonnes of proven reserves of high-quality Ottawa White sand that will produce coarse and medium-to-fine grades for use in oil and gas proppants and in other industries.
More than 79,000 inactive Alberta wells could become Orphan Well Association’s responsibility due to May 18 ruling giving lenders priority over environmental cleanup costs in oil and gas bankruptcies, Reuters reported.
Harmonia Petroleum Corp. is offering its operated core Permian Basin oil and gas assets in Howard and Borden counties, Texas.
The offering includes leases covering more than 16,000 gross (15,000 net) acres in the Midland Basin. The assets have been largely de-risked and further delineated through horizontal drilling by offset operators, according to CohnReznick Capital Markets Securities LLC, which has been retained as the company’s exclusive adviser.
Taos Resources Holding Co. LLC is selling its operated Midcontinent and Gulf Coast oil and gas assets throughout Kansas and Texas.
The assets include a large, oil-weighted and largely-HBP position with economic upside opportunities, according to Detring & Associates LLC, which has been retained by the Houston company as exclusive adviser.
Eland Energy Inc. and Autonomous Oil LLC are marketing assets in the Permian Basin in Texas, according to EnergyNet, which is handling the sales.
Eland Energy is selling interests in 14 wells, 12 of which are producing, in Glasscock County, Texas. In a sealed-bid offering, Autonomous Oil is selling Midland Basin leasehold acreage in Howard County, Texas.