Strathcona Resources selling Montney assets for $2.84 billion

Strathcona shifts to pure heavy oil producer with $2 billion Montney sale

Strathcona Resources Ltd. agreed to sell its assets in the Montney shale formation in a shift that makes it a pure heavy oil producer.

Strathcona Resources selling Montney assets for $2.84B

The company says once the deals are complete it will be a pure-play heavy oil company.

Strathcona Resources selling Montney assets for $2.84 billion

CALGARY - Strathcona Resources Ltd. has signed a series of three agreements to sell its assets in the Montney region valued at a total of $2.84 billion.

Canadian oil and gas producer Strathcona sells Montney assets for $2.84-billion; acquires Hardisty terminal

Combined with its Hamlin Terminal, Strathcona would now own and operate rail terminals handling about 80 per cent of Western Canada’s current crude-by-rail volumes

Strathcona Resources Sells Montney Shale Assets for $3 Billion

Strathcona Resources has sold its Montney shale assets for billions of dollars while acquiring a Hardisty Rail Terminal, signaling a significant shift in the Canadian energy market.

Strathcona Shifts to Pure Heavy Oil Producer With $2 Billion Montney Sale - Energy News, Top Headlines, Commentaries, Features & Events

By Robert Tuttle and Geoffrey Morgan Canadian oil tycoon Adam Waterous’s Strathcona Resources Ltd. agreed to sell its assets in the Montney shale formation in western Canada in a shift that makes it a pure heavy oil producer. Strathcona is disposing of gas-focused operations in three separate transactions worth C$2.8 billion ($2 billion). The largest ...