Spartan Energy Corp. closed its acquisition of Wyatt Oil + Gas Inc., which has light oil assets in southeast Saskatchewan, the company said June 24.
The acquisition includes about 1,330 barrels of oil equivalent per day of production--76% light oil and liquids--and 46 net sections of land focused in the Alameda and Elcott areas of southeast Saskatchewan, complementary to Spartan's existing asset base.
The total consideration is comprised of the issuance of about 11.4 million Spartan shares and the assumption of about CA$42 million of net debt.
Spartan Energy Corp. is based in Calgary, Alberta.
Recommended Reading
Fire Closes Atlas Energy’s Kermit, Texas Mining Facility
2024-04-15 - Atlas Energy Solutions said no injuries were reported and the closing of the mine would not affect services to the company’s Permian Basin customers.
Coalition Launches Decarbonization Program in Major US Cities, Counties
2024-04-11 - A national coalition will start decarbonization efforts in nine U.S. cities and counties following a federal award of $20 billion “green bank” grants.
Exclusive: Scepter CEO: Methane Emissions Detection Saves on Cost
2024-04-08 - Methane emissions detection saves on cost and "can pay for itself," Scepter CEO Phillip Father says in this Hart Energy exclusive interview.
Majority of Recent CO2 Emissions Linked to 57 Producers - Report
2024-04-03 - The world's top three CO2-emitting companies in the period were state-owned oil firm Saudi Aramco, Russia's state-owned energy giant Gazprom and state-owned producer Coal India, the report said.