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Trilogy Energy to sell certain Duvernay assets for US$85 million


Published Nov 20, 2015
Trilogy Energy Corp.-2

Trilogy Energy Corp. has entered into a definitive agreement to sell 11 net sections of its Duvernay mineral rights in the volatile oil window of its Kaybob Duvernay play for cash consideration of US$85 million. In connection with the sale, and in an effort to consolidate Trilogy's Duvernay land position, Trilogy will also swap 5.25 net sections of its Duvernay undeveloped lands for an equivalent number of sections of Duvernay rights for no additional consideration.

The predominantly non-operated Duvernay sale assets had an average production (net to Trilogy) of approximately 780 Boe/d (1.9 MMcf/d of natural gas and 470 Bbl/d of natural gas liquids) for the first nine months of 2015, with October production estimated to be 580 Boe/d (1.4 MMcf/d and 350 Bbl/d of natural gas liquids).

Tags: Trilogy Energy Corp.




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