Shale Daily / NGI All News Access

Industry Brief

Progress Energy Canada Ltd., a subsidiary of Petroliam Nasional Berhad, has completed an agreement to acquire Talisman Energy Inc.'s assets in the Julienne area of the Montney formation in northeast British Columbia (see Daily GPI, Nov. 8, 2013). Progress also acquired Talisman's interest in the Kobes area where they had joint operations, and a half-stake in Talisman's interest in the Farrell and Cypress areas (see Shale Daily, Dec. 21, 2010). Progress in January completed a transaction to acquire other Julienne assets, including four uncompleted wells and about 33,500 net acres. Talisman retains its Groundbirch and Saturn assets, including 48,000 net acres of prospective Montney land.

ISSN © 2577-9877 | ISSN © 2158-8023

Recent Articles by NGI Staff Reports

Comments powered by Disqus