Deal insight

Spartan buys Saskatchewan light oil assets from ARC for US$522 million

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Report summary

On 17 November 2016 ARC Resources announced the sale of non core oil and gas assets to Spartan Energy Corp for a cash consideration of US$522 million (Cdn$700 million). The assets which currently produce 7 500 boe/d (98% liquids) are a good fit with Spartan's existing acreage in southeast Saskatchewan bolster its reserves and improve its footprint in the region. Operational synergies are likely as Spartan owns properties adjacent to those included in the transaction. The deal increases Spartan's PDP reserves by 91% and 2P reserves by 62%. For ARC the sale fits with its recent strategy of divesting non core assets to focus development and capital on its profitable Montney acreage and other core Alberta developments.

What's included

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  • Document

    Spartan buys Saskatchewan light oil assets from ARC for US$522 million

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Table of contents

  • Executive summary
  • Transaction details
  • Upstream assets
  • Deal analysis
  • Strategic rationale
  • Oil & gas pricing and assumptions

Tables and charts

This report includes 8 images and tables including:

Tables

  • Executive summary: Table 1
  • Upstream assets: Table 1
  • Deal analysis: Table 1
  • Deal analysis: Table 2
  • Deal analysis: Table 3
  • Deal analysis: Table 4
  • Oil & gas pricing and assumptions: Table 1
  • Oil & gas pricing and assumptions: Table 2

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