Torc Oil and Gas entered into an agreement to acquire light oil assets in southeast Saskatchewan and Manitoba, Canada, from an unnamed seller for USD 430 million in cash. The assets have a combined production of 4,750 BOEPD and include ownership of freehold mineral titles on more than 80 net sections of land in southeast Saskatchewan.
Don't miss out on the latest technology delivered to your email weekly. Sign up for the JPT newsletter. If you are not logged in, you will receive a confirmation email that you will need to click on to confirm you want to receive the newsletter.