Duvernay Shale Basin Oil and Gas Stake Acquisition
Sector: Oil and Gas • Location: Alberta, Canada
Source: Bloomberg
Northern Oil & Gas Inc. agreed to acquire a 25% interest in oil-producing properties and tens of thousands of acres in the Duvernay shale basin in Alberta, Canada. The acquisition is Northern's first international asset deal, involving a payment of C$350 million in cash and stock to Parallax Energy Operating Inc. Parallax will continue to operate the assets under the proposed agreement. The deal i
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Participants
Sponsoring Agency | Obfuscated Data |
Company | Obfuscated Data |
Status
Original status | planned |
Taiyo status | Obfuscated Data |
Taiyo last update | 00-00-0000 |
Available timestamps | 00-00-0000 |
Available timestamp type | Obfuscated Data |
Contact
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Phone | 0000000000 |
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Address | Obfuscated Data, Obfuscated data, obfuscated data, Obfuscated data |
Description
Description | Northern Oil & Gas Inc. agreed to acquire a 25% interest in oil-producing properties and tens of thousands of acres in the Duvernay shale basin in Alberta, Canada. The acquisition is Northern's first international asset deal, involving a payment of C$350 million in cash and stock to Parallax Energy Operating Inc. Parallax will continue to operate the assets under the proposed agreement. The deal is expected to close late in the second quarter of 2026. |
Original sub-sector | Obfuscated |
Original Currency | USD |
Original budget | 000000000000000 |
Procurement method | Obfuscated Data |
Budget | 000000000000000 |
Location
Region | Obfuscated |
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State | Obfuscated Data |
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Location | Obfuscated Data, Obfuscated data, obfuscated data, Obfuscated data |
Source
Source reliability | High |
Data quality score | 100% |
Source | Obfuscated Data |
URL | obfuscated_data,obfuscateddata.com |
More Details
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