Sayer Energy Advisors has been engaged to assist a senior oil and natural gas exploration and production company (the “Company”) with the sale of certain non-core oil and natural gas properties located in the Thorsby , Sundance , Knopcik/Elmworth and Greater Boundary Lake areas of Alberta (the “Properties”). The Properties consist of non-operated and operated working interests and royalty interests. Production net to the Company from the Properties in the first half of 2019 averaged approximately 869 boe/d (264 bbl/d of oil and natural gas liquids, 3.6 MMcf/d of natural gas). Net operating income from Properties totaled approximately $440,000 in the first half of 2019. At Thorsby, the Company holds various working interests and royalty interests, including interests in the long life, low-decline Pembina Belly River “B” North Unit, Pembina Belly River “C” Unit , Pembina Belly River “L” Unit, Pembina Keystone Belly River “C” East Unit, Pembina Keystone Cardium Unit No 3 and Warburg Belly River “M” Unit all of which are operated by Sinopec Daylight Energy Ltd. In the Sundance area, the Company has various working interests and royalty interests in 83.75 sections of land with long life, low-decline natural gas production from the Cardium Formation. Non-operated […]
