Charlie Lake

Liquids-Rich Production in Alberta’s Charlie Lake Field Inspires Calgary Dealmaking

Liquids-Rich Production in Alberta’s Charlie Lake Field Inspires Calgary Dealmaking

Liquids-rich natural gas and prolific oil properties in northwestern Alberta, known as the Charlie Lake field, inspired C$526 million (US$421 million) in deals announced this week by Calgary-based operators.  In one transaction, Tamarack Valley Energy Ltd. paid C$247.5 million ($198 million) cash and traded 105.3 million shares valued at C$2.34/share ($1.87) for Anegada Oil Corp.…

April 14, 2021