News listings

energy-pedia farmouts/divestments

Canada flagCanada

South America / GoM >>> Canada

Canada: International Petroleum announces completion of acquisition in Suffield Area, Alberta, Canada

06 Mar 2023

Photo - see caption

International Petroleum Corporation (IPC) has announced completion of the acquisition of oil and gas assets in the Suffield area, southern Alberta on the terms as previously announced on February 6, 2023.

Mike Nicholson, IPC's Chief Executive Officer, comments:

'We are very pleased to complete the acquisition of almost 16 million barrels of oil equivalent (boe) of proved plus probable (2P) reserves adjacent to our existing Suffield area assets in Alberta. We forecast average net daily production from these assets of approx. 4,000 boe for 2023, with recent net daily production rates in excess of 5,000 boe. The 2023 Ellerslie drilling program continues both on these acquired lands and on IPC’s existing Suffield area assets. With strong operational performance across all of our areas of operations, IPC expects to be above the high end of our average daily production guidance for the first quarter of 2023.'

Original article link

Source: International Petroleum

Bookmark and Share

A global information service for upstream oil and gas opportunities - divestitures, farmins and farmouts and licensing rounds.

Subscriber Only Deals

Current Deals

Current Upstream Deals: 277

Completed Deals

Completed Upstream Deals: 6455

Company Profiles

Current Company Profiles: 2886

Corporate Activity

Current Corporate Activity articles: 4034

Companies Looking

Current number of articles: 463

Company Sales

Current Company Sales articles:1620


Current Geostudies articles: 912

How to subscribe

energy-pedia Jobs

RSS Feed Widget
See all jobs...

energy-pedia Databank

The energy-pedia databank contains links to information on the world financial and energy markets, including share prices, oil and gas prices and the global stock exchanges. Read more...

energy-pedia Glossary

A list of commonly used terms in the oil and gas industry. Read more...


Subscribe to the FREE
energy-pedia Daily Newsletter

Telos NRG
Rose & Assocs 180
Government of South Australia
Union Jack Oil 149
About energy-pedia

energy-pedia news is a FREE news service written and edited by E and P professionals for E and P professionals.

We don't just report the news, we give you the technical background as well, with additional information derived from our unique energy-pedia opportunities service.
Contact us

energy365 Ltd

238 High Street
London Colney
St Albans

Tel: +44(0)1727 822675