i3 Energy Acquires Gain Energy, Sells Saskatchewan Assets to Harvard Energy

Updated 1 year ago

i3 Energy has entered into a binding agreement to acquired 100% of Gain Energy's producing and non-producing assets in Alberta and Saskatchewan for CAD 80 million, subject to adjustments. These assets add 26.4 MMboe PDP and 69.4 MMboe 2P reserves to i3's portfolio. 

Gain was founded in 2017. The acquisition closed in September 2020 with i3 selling some of Gain's assets is Saskatchewan to Harvard Energy for CAD 45 million.