Spyglass Resources Corp. has put its Western Canadian oil and gas assets on the market, according to a Feb. 1 release.
Ernst & Young Inc. has been appointed receiver and manager by the Alberta Court of Queen's Bench.
The assets include working interests in 545,894 gross acres gross acres of land in Alberta and British Columbia (including 345,708 net undeveloped acres).
Combined 2015 average production is about 9,603 barrels of oil equivalent per day (boe/d) with combined 2P oil and natural gas reserves estimated at about 42,437 Mboe.
The offering also include all royalty interests held by Spyglass, the company's proprietary seismic database and all associated infrastructure.
The assets are being offered for sale in the following 12 packages:
- Dixonville: 1,312 boe/d and 12,542 net undeveloped acres;
- Southern Alberta Oil (SAB Oil): 2,801 boe/d and 49,228 net undeveloped acres;
- Matziwin: 464 boe/d and 59,641 net undeveloped acres;
- British Columbia (BC): 740 boe/d and 49,215 net undeveloped acres;
- Peace River Arch (PRA): 843 boe/d and 10,600 net undeveloped acres;
- Drumheller: 309 boe/d and 22,216 net undeveloped acres;
- Southern Alberta Gas (SAB Gas): 414 boe/d and 8,324 net undeveloped acres;
- Provost: 527 boe/d and 42,237 net undeveloped acres;
- Pembina: 173 boe/d and 6,053 net undeveloped acres;
- Northern Alberta (NAB): 1,933 boe/d and 85,562 net undeveloped acres;
- Royalty Interests: 87 boe/d and royalty interests in 159,256 acres of land;
- Proprietary Seismic: proprietary and partner interests in 3,917 sq km (1,512 sq miles) of 3-D seismic and 23,801 km (14,789 miles) of 2-D seismic.
Bids are due by 5 p.m. MT on March 10. For information visit ey.com/ca/spyglassresources.
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