Blackbird now holds a 100% working interest in 65 sections (41,600 net acres) at the company's core Elmworth Montney project.
Oil prices at five-year lows are crimping cash flow for energy producers, which are selling shares to fund spending plans.
Caza, of The Woodlands, Texas, was to drill an initial horizontal Wolfcamp well on the Reeves County acreage.
The leases are specifically located in Crockett County, Texas, and include six horizontal wells currently producing in the Wolfcamp Formation.
The strategic acquisition includes more than 1,550 boe/d, with 94% light oil and liquids, of high quality, low decline, light oil producing assets.
Fresh off one of the busiest years for A&D in its history, the Canadian oil and natural gas producer is seeing opportunities in the crude price collapse.
PEDEVCO, doing business as Pacific Energy Development (PED), also announced that it acquired about 13,000 net acres in the Denver-Julesberg Basin, alomst entirely in Weld County.
Marquee also announced that it sold a noncore, oil asset located in in Southeastern Saskatchewan for C$3.48 million in cash.
Bayside Petroleum is now a wholly owned subsidiary of Technis, which has operations primarily in East Texas.
Sayer Energy Advisors has been engaged to assist with the sale.
The acquisition of Artek consolidates the majority of Kelt's land acreage in its Inga-Fireweed-Stoddart, British Columbia core area to 100%.
The acquisition includes upper zones in the Belly River and Edmonton Sands.
|S&S||USD 485||Members only||Tervita LLC|
|S&S||USD 52.6||Members only||Tulsa Inspection Resources LLC|
|E&P||CAD 307||Members only||Artek Exploration Ltd.|
|E&P||CAD 172||Members only||Undisclosed|