Painted Pony closes $100 million disposition of Saskatchewan assets (Scandinavian Oil-Gas Magazine)

Skip Navigation

News
Financial
Oil
Gas
Rigs
- Rig supplier news
- Rig market
Alternative Energy
- Biofuels
- Wind
- Water
- Solar
By Province
- North Sea Rim
- Russia
- Africa
- Americas onshore
  - Latin America
  - Canada
  - USA
- Americas offshore
- Middle East
- Asia-Pacific
- Australia
Events
Printed Magazine
- Subscription
Mediaplan
Members page
- E-mail Alert

Painted Pony closes $100 million disposition of Saskatchewan assets

Published Aug 1, 2014

E-mail

[an error occurred while processing this directive]

Edit page New page Hide edit links

Painted Pony Petroleum Ltd. has closed the sale of its southeast Saskatchewan assets (the "Transaction"), which has an effective date of June 1, 2014, for a total cash consideration of $100 million plus interim adjustments.

Painted Pony is now a highly focused Montney natural gas and natural gas liquids producer, concentrating on unlocking the value within its British Columbia Montney properties.

Following the closing of the Transaction on July, 30, 2014, Painted Pony has $53 million of cash and is undrawn on its $150 million credit facility, leaving the Company well-capitalized to execute upon its Montney development plan.

Tags: Painted Pony Petroleum Ltd.

Related links

Painted Pony to sell Saskatchewan assets for $100 million

Advertisment:

Comments on this page are closed.

+ Larger Font | + Smaller Font

Top Stories

New Chief Executive Officer of Aker Energy Feb 23, 2018 Jan Arve Haugan has been appointed as Chief Executive Officer of the newly established oil company Aker Energy, effective 1 March 2018. Haugan is currently the President & CEO of Kværner ASA.

Rystad Energy - Borr Drilling takes charge of the jackup market

Borr Drilling Goes From Empty-Handed to the Largest Jack-Up Driller In Just 16 Months Feb 23, 2018 “It is remarkable what Tor Olav Troim has achieved in such a short amount of time. Going from two jack-ups in December 2016 to becoming the largest jack-up provider...” says Oddmund Føre, vice president of oilfield service research at Rystad Energy.

Borr Drilling Takes Over Paragon Offshore to Expand MODU Fleet Feb 23, 2018 Borr Drilling’s acquistion of Paragon Offshore will create a USD 3.57 billion MODU fleet.

Southwest Research Institute (SwRI) - IMSF2

SwRI to Host Inaugural International Multiphase Flow Separation Symposium Feb 23, 2018 Southwest Research Institute is bringing together oil and gas industry experts for the International Multiphase Flow Separation Symposium (IMFS²), to be held April 25-26, 2018, at SwRI’s headquarters...