CANLIN GILBY SALE PKG
Producing Properties
All Standard Disclaimers Apply & Seller Rights Retained
ALBERTA UPSTREAM & MIDSTREAM
159-Wells. 20,181-Net Acres Plus Facilities
GILBY (GAS) FIELD
HOADLEY BARRIER GLAUCONITE PLAY
Gilby Gas Plant (100% Operated WI) For Sale
Current Throughput: ~9.0 MMcf/day
Midstream Capacity: ~52 MMcf/day
Upstream Net 1,333 BOEPD (94% Gas)
62% OPERATED WI FOR SALE
ARO ~$16 MM Net ($8 MM Inactive ARO)
Last 3 Yrs Ave Net Income: $9,000,000/Yr
McDaniel Economics: P+PDP: $29,824,969
10-Glauconite Wells Ready to Drill
1 Mile Horizontal (DCET): $2,800,000
Est New IP30: 1.7 MMcf/d & 100 bbls/d NGL
DEAL IS SCHEDULED TO CLOSE SOON
PP 11063DV
Summary
Energy Advisors Group has been engaged to market Canlin Energy’s upstream and midstream assets in Alberta. The package includes more than 150 wells producing from the Glauconitic channel sandstone. The assets come from a legacy gas field delivering a net 9,000 MCFPD to Canlin. The field has been renewed through a horizontal drilling program that began in 2013.
Sale Package Highlights (Negotiated Sale):
- Alberta Upstream & Midstream Package
- 159-Wells And 20,181-Net Acres Across Gilby And Hoadley
- Includes Upstream And Midstream Facilities With The 100% Operated Gilby Gas Plant For Sale
- Plant Throughput ~9.0 MMcfpd And Total Midstream Capacity ~52 MMcfpd
- Upstream Production Averages 1,300 Boepd (~94% Gas)
- Last 3 Years Average Net Income Of ~$9,000,000 Per Year
- Third Party McDaniel P+PDP PV10 Of ~$29,800,000
- Typical 1 Mile Horizontal CAPEX of ~$2.8 MM
- New Glauconite IP30 Of ~1.7 MMcfpd & 100 Bopd NGL
Historical & New Drilling
More than 21,000 wells have been drilled into the Glauconitic channel and shoreface sandstone. About 10% targeted the Hoadley Barrier shoreface, which has produced 7.5 Tcf of gas and 1.3 billion barrels of oil. Gilby sits in a strong position along the Hoadley Barrier trend with high quality reservoir rock. Production across the trend peaked in 2013 and 2014 as multi stage horizontal development ramped up. The Hoadley Barrier system has delivered 3.1 Tcf of gas and 16.3 MMbbl to date with consistent reservoir performance and predictable production profiles.
Canlin plans to drill 10 future horizontal Glauconite wells. Current CAPEX for a 1 mile horizontal is about $3.5 MM, with a potential path to $2.8 MM as efficiencies improve. These locations represent low risk, liquids rich gas opportunities. Expected IP30 is 1,700 Mcfepd and 100 bopd of NGL, or 385 BOEPD.
Operated Land And Seismic
Canlin holds 32,292 gross acres and 20,181 net acres with an average operated WI of 62%. The company also owns 103 square kilometers of 3-D seismic, 111 square kilometers of 3-D JV seismic, 899 kilometers of 2D proprietary seismic, and 556 kilometers of 2-D JV data.
Please direct all inquiries to the EAG contacts listed below:
Mr. Steve Henrich
Director
---Direct: 403-294-1906 and Cell: 403-874-7801
---Email: shenrich@energyadvisors.com
Canada Office
650, 717 - 7th Avenue SW
Calgary, AB T2P 0Z3
ALBERTA UPSTREAM & MIDSTREAM
159-Wells. 20,181-Net Acres Plus Facilities
GILBY (GAS) FIELD
HOADLEY BARRIER GLAUCONITE PLAY
Gilby Gas Plant (100% Operated WI) For Sale
Current Throughput: ~9.0 MMcf/day
Midstream Capacity: ~52 MMcf/day
Upstream Net 1,333 BOEPD (94% Gas)
62% OPERATED WI FOR SALE
ARO ~$16 MM Net ($8 MM Inactive ARO)
Last 3 Yrs Ave Net Income: $9,000,000/Yr
McDaniel Economics: P+PDP: $29,824,969
10-Glauconite Wells Ready to Drill
1 Mile Horizontal (DCET): $2,800,000
Est New IP30: 1.7 MMcf/d & 100 bbls/d NGL
DEAL IS SCHEDULED TO CLOSE SOON
PP 11063DV
Summary
Energy Advisors Group has been engaged to market Canlin Energy’s upstream and midstream assets in Alberta. The package includes more than 150 wells producing from the Glauconitic channel sandstone. The assets come from a legacy gas field delivering a net 9,000 MCFPD to Canlin. The field has been renewed through a horizontal drilling program that began in 2013.
Sale Package Highlights (Negotiated Sale):
- Alberta Upstream & Midstream Package
- 159-Wells And 20,181-Net Acres Across Gilby And Hoadley
- Includes Upstream And Midstream Facilities With The 100% Operated Gilby Gas Plant For Sale
- Plant Throughput ~9.0 MMcfpd And Total Midstream Capacity ~52 MMcfpd
- Upstream Production Averages 1,300 Boepd (~94% Gas)
- Last 3 Years Average Net Income Of ~$9,000,000 Per Year
- Third Party McDaniel P+PDP PV10 Of ~$29,800,000
- Typical 1 Mile Horizontal CAPEX of ~$2.8 MM
- New Glauconite IP30 Of ~1.7 MMcfpd & 100 Bopd NGL
Historical & New Drilling
More than 21,000 wells have been drilled into the Glauconitic channel and shoreface sandstone. About 10% targeted the Hoadley Barrier shoreface, which has produced 7.5 Tcf of gas and 1.3 billion barrels of oil. Gilby sits in a strong position along the Hoadley Barrier trend with high quality reservoir rock. Production across the trend peaked in 2013 and 2014 as multi stage horizontal development ramped up. The Hoadley Barrier system has delivered 3.1 Tcf of gas and 16.3 MMbbl to date with consistent reservoir performance and predictable production profiles.
Canlin plans to drill 10 future horizontal Glauconite wells. Current CAPEX for a 1 mile horizontal is about $3.5 MM, with a potential path to $2.8 MM as efficiencies improve. These locations represent low risk, liquids rich gas opportunities. Expected IP30 is 1,700 Mcfepd and 100 bopd of NGL, or 385 BOEPD.
Operated Land And Seismic
Canlin holds 32,292 gross acres and 20,181 net acres with an average operated WI of 62%. The company also owns 103 square kilometers of 3-D seismic, 111 square kilometers of 3-D JV seismic, 899 kilometers of 2D proprietary seismic, and 556 kilometers of 2-D JV data.
Please direct all inquiries to the EAG contacts listed below:
Mr. Steve Henrich
Director
---Direct: 403-294-1906 and Cell: 403-874-7801
---Email: shenrich@energyadvisors.com
Canada Office
650, 717 - 7th Avenue SW
Calgary, AB T2P 0Z3