Tamarack Valley Energy entered into three purchase and sales agreements with three unnamed operators to acquire assets in the greater Wilson Creek area of Alberta, Canada. The deals will give Tamarack 1,450 BOEPD of production and full ownership of a gas plant, an oil battery, and more than 220 km of emulsion and pipeline infrastructure. Tamarack will fund the acquisitions with USD 70 million in equity financing and USD 54 million in cash.
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.