Aurora Oil & Gas' Successor Australis Quadruples TMS Acreage

Transaction Type

Sellers

Ovintiv Inc. (fka Encana Corp.)

Buyers

Australis Oil & Gas Ltd.

Basin

Texas-Louisiana Salt Basin

Announce Date

Tue, 02/28/2017 - 12:00 PM

Post Date

Mar 20, 2017

Close Date

Thu, 04/13/2017 - 12:00 PM

Estimated Price

80MM

Description

Purchased 62,000 net acres in the TMS in LA/MS; includes WI in 31 operated (16 nonop) producing wells.

Aurora Oil & Gas' Successor Australis Quadruples TMS Acreage