CNRL buys Devon Canada’s conventional oil and gas assets

Must Read

Courts can ‘no longer ignore’ First Nations laws, Supreme Court hears in carbon tax case

Several First Nations asked the Supreme Court of Canada on Wednesday to look beyond intergovernmental clashes over...

Horgan, Furstenau set to deliver speeches at UBCM convention

VICTORIA — Two party leaders are set to deliver speeches today at the Union of British Columbia Municipalities convention...

School Distrct 60 in good financial standing despite COVID-19 pandemic

FORT ST. JOHN, B.C. - The School District 60 Board of Trustees were presented with the Financial Overview for...

CNRL will also acquire two-million acres of undeveloped land and three-million acres of royalty lands from Devon.

The deal was reportedly effective on January 1, but has a targeted closing date, of April 1 and also includes six major owned and operated natural gas plants.

The acquired asset package includes a royalty revenue stream which is targeted to earn approximately $75,000,000 in cash flow this year. 

- Advertisement -

Community Interviews with Moose FM

Subscribe to our newsletter

Get the latest news delivered to your mailbox every morning.

More Articles Like This