Mooncor Oil & Gas Corp., Calgary, (Toronto: MOO) has engaged Tristone Capital Inc. to sell certain interests in its Muskwa shale gas play at Hamburg, Alberta.
This transaction may involve the farm-out, sale and/or other similar transaction of all or any portion of Mooncor's in the Hamburg area consisting of 100% interest in the 162 sections of P&NG rights. The development program for Hamburg is presently under review. It is focused on horizontal drainage and delivery to the under-used processing capacity and gas-gathering infrastructure available in the area. As a historically well-known area, Hamburg has both winter and summer access available, as well as being proximal to all required supplies and services.
Contact Dave Vetters, 403-294-9541.
Recommended Reading
Marathon Oil Expects ‘Mass Layoff’ After ConocoPhillips Deal Closes
2024-10-31 - Marathon Oil’s merger with ConocoPhillips, which is to close by year-end, will trigger a layoff of more than 500 Houston employees, according to a state regulatory filing.
Exxon, Chevron Beat 3Q Estimates, Output Boosts Results
2024-11-01 - Oil giants Chevron and Exxon Mobil reported mixed results for the third quarter, with both companies surpassing Wall Street expectations despite facing different challenges.
E&P Consolidation Ripples Through Energy Finance Providers
2024-11-29 - Panel: The pool of financial companies catering to oil and gas companies has shrunk along with the number of E&Ps.
Exxon Mobil to Cut Almost 400 Jobs in Wake of Pioneer Acquisition
2024-11-14 - A regulatory filing shows more than 90% of layoffs are at Pioneer’s former headquarters in Irving, Texas with the rest being workers in Midland.