Deal Insight
Seven Generations consolidates Kakwa Montney position with a US$1.46 billion deal from Paramount Resources
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Report summary
On 6 July 2016, Seven Generations Energy (7Gen) purchased 99,200 net acres of liquids rich Montney land from Paramount Resources Ltd. for total consideration of Cdn$1.9 billion (US$1.47 billion). The assets are currently producing an average of 30,000 boe/d net, 65% liquids, with proved rerserves of 199 million barrels. The acquisition will consolidate 7Gen's current Montney position, increase production, processing capabilities and take-away capacity of the Kakwa River Project, while strengthening efficiencies and optimizing synergies across its operations.
Table of contents
- Executive summary
- Transaction details
- Upstream assets
- Deal analysis
- Strategic rationale
- Oil & gas pricing and assumptions
Tables and charts
This report includes the following images and tables:
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Executive summary: Table 1Upstream assets: Table 1Deal analysis: Table 1
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Deal analysis: Table 2Deal analysis: Table 3Deal analysis: Table 4Oil & gas pricing and assumptions: Table 1Oil & gas pricing and assumptions: Table 2
What's included
This report contains:
