Donnycreek Energy Inc. (Toronto Venture: DCK) reports that pursuant to the purchase and sale agreement with Deventa Land Corp., Donnycreek will acquire an additional 36 gross sections (14,368 net acres) of undeveloped Montney lands in the Deep Basin area of West Central Alberta, which were acquired by Deventa at the most recent Alberta Crown land sale.
Upon completion of the previously announced acquisition by the company of approximately 93 total net sections (59,600 net acres) of Montney lands, and the acquisition of such additional undeveloped Montney lands, the company will hold working interests in approximately 188.5 gross (127 net) sections (81,008 net acres) of Montney lands.
The Acquisitions are expected to close on or about Oct. 15, 2012.
Recommended Reading
Sunoco’s $7B Acquisition of NuStar Evades Further FTC Scrutiny
2024-04-09 - The waiting period under the Hart-Scott-Rodino Antitrust Improvements Act for Sunoco’s pending acquisition of NuStar Energy has expired, bringing the deal one step closer to completion.
Some Payne, But Mostly Gain for H&P in Q4 2023
2024-01-31 - Helmerich & Payne’s revenue grew internationally and in North America but declined in the Gulf of Mexico compared to the previous quarter.
Kimmeridge Fast Forwards on SilverBow with Takeover Bid
2024-03-13 - Investment firm Kimmeridge Energy Management, which first asked for additional SilverBow Resources board seats, has followed up with a buyout offer. A deal would make a nearly 1 Bcfe/d Eagle Ford pureplay.
Laredo Oil Subsidiary, Erehwon Enter Into Drilling Agreement with Texakoma
2024-03-14 - The agreement with Lustre Oil and Erehwon Oil & Gas would allow Texakoma to participate in the development of 7,375 net acres of mineral rights in Valley County, Montana.
SLB’s ChampionX Acquisition Key to Production Recovery Market
2024-04-19 - During a quarterly earnings call, SLB CEO Olivier Le Peuch highlighted the production recovery market as a key part of the company’s growth strategy.