Topaz Energy Corp. agrees to a $278.2M deal with Tourmaline Oil Corp. for a 3% royalty in their Alberta and BC lands, spanning 3M acres.

Topaz Energy Corp. has entered a $278.2 million agreement with Tourmaline Oil Corp. for a gross overriding royalty interest in Tourmaline's lands in Alberta and British Columbia. The deal covers approximately three million acres, primarily in the Montney, Alberta Deep Basin, and Peace River regions, with a 3% royalty on natural gas and 2.5% on crude oil and condensate. Additionally, Tourmaline has finalized its $1.4 billion acquisition of Crew Energy Inc.

October 01, 2024
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