Black Diamond Group Ltd. (Toronto: BDI.TO), a leading provider of remote workforce housing in North America is pleased to announce that Black Diamond Dene Limited Partnership has acquired an operating camp lease and certain related infrastructure of a remote workforce housing lodge in the Horn River area of northeastern British Columbia. Located at kilometer 90 on Komie Road, three hours north of Fort Nelson, B.C., the facility has been operated by a leading North American energy producer and managed by Black Diamond since 2008. The transaction closed on June 20, 2014 with an effective financial date of February 1, 2014. Black Diamond will operate the facility as an open camp. Three anchor tenants that are active in exploration and production in the region have been secured for the 425-room lodge with incremental contracted revenue expected to exceed $17 million through 2015.
The company is based in Calgary.
Recommended Reading
Benchmark Closes Anadarko Deal, Hunts for More M&A
2024-04-17 - Benchmark Energy II closed a $145 million acquisition of western Anadarko Basin assets—and the company is hunting for more low-decline, mature assets to acquire.
‘Monster’ Gas: Aethon’s 16,000-foot Dive in Haynesville West
2024-04-09 - Aethon Energy’s COO described challenges in the far western Haynesville stepout, while other operators opened their books on the latest in the legacy Haynesville at Hart Energy’s DUG GAS+ Conference and Expo in Shreveport, Louisiana.
Mighty Midland Still Beckons Dealmakers
2024-04-05 - The Midland Basin is the center of U.S. oil drilling activity. But only those with the biggest balance sheets can afford to buy in the basin's core, following a historic consolidation trend.
Mesa III Reloads in Haynesville with Mineral, Royalty Acquisition
2024-04-03 - After Mesa II sold its Haynesville Shale portfolio to Franco-Nevada for $125 million late last year, Mesa Royalties III is jumping back into Louisiana and East Texas, as well as the Permian Basin.