Non-core Disposition Process
Prairie Provident has engaged Energy Advisors Group (“EAG”) to market its Central Alberta assets in the producing properties of Wheatland, Craigmyle East, Drumheller, Willdunn, Provost, Hayter and Coutts. The assets are characterized by a large acreage holding of ~93,000 net acres and over 1,070 boe/d, underwritten by behind-pipe exploitation targets, waterflood expansion and low risk development drilling. Historical base production and cash flow growth has been driven by proven stacked pay zones from the Sparky, Banff, Cummings, Detrital, Dina, Lloyd, McLaren formations and more.
For additional information on the divestiture or to ask questions about the process, please visit the EAG website linked below. Evaluation materials are available, following the signing of a Confidentiality Agreement. Offers are to be submitted by March 23, 2022, with an effective date of April 1, 2022.
EAG Website