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Tamarack Valley to sell two remaining non-core Eastern Alberta positions
['Mikaila Adams']
Home | Oil & Gas Journal
Tamarack Valley Energy Ltd., Calgary, has agreed to divest its two remaining non-core producing assets in the Veteran Consort and Eyehill areas of Eastern Alberta, Canada, (East Assets) to an undisclosed private company for $112.0 million (Can.)
The operator, in a release Sept. 18, said the deal “completes Tamarack's transformation into a pure-play Clearwater and Charlie Lake producer.”The move follows the company's sale in May of its Southern Alberta Penny areas in which it divested about 900 boe/d for cash consideration of $28 million (Can.)
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