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Sep 6, 2023 · KEY HIGHLIGHTS. Increases Size and Scale: The transaction increases production and combines a large land position with existing infrastructure in the southern Alberta Mannville Stack oil fairway with a significant acreage footprint in the liquid-rich Montney formation. Both areas are each capable of delivering significant production growth.
Diverse Portfolio of High-Return Inventory: Persist’s lower-cost, oil-weighted Southern Alberta drilling inventory combined with Dienerian’s extensive Montney liquid-rich natural gas drilling
Sep 12, 2023 · The transaction strengthens Persist's position as an emerging player in the southern Alberta Mannville formation oil development, with a pro forma footprint of over 220,000 net acres, which now...
Sep 6, 2023 · KEY HIGHLIGHTS. Increases Size and Scale: The transaction increases production and combines a large land position with existing infrastructure in the southern Alberta Mannville Stack oil fairway...
Sep 12, 2023 · On September 6, Persist Oil and Gas announced that it had merged with Dienerian Resources in an all-stock deal. According to Dienerian’s website, the deal closed on June 27.
Jun 27, 2023 · Persist is a privately owned oil and gas company headquartered in Calgary, Alberta. Dienerian is a privately held Alberta corporation focused on developing and producing liquids rich natural gas from the Montney formation in West Central Alberta.
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The merger's key advantages include a larger production scale, a diverse high-return drilling portfolio, immediate cost synergies, a stronger balance sheet, significant tax benefits, and a promising Licensee Liability Rating (LLR) of 3.11.
