Kiwetinohk, Distinction to Acquire Ovintiv's Duvernay Assets in Alberta

Updated 3 months 3 weeks ago

Distinction Energy (50%) and Kiwetinohk Resources (50%) agreed to acquire interests in the Simonette area of Alberta for CAD 335 million, including 15 million in contingency payments. This includes the Willesden Green and Ferrier areas. Production averaged 10,000 boe per day (43% liquids). Closing is expected in the second quarter of 2020. ATB Capital Markets served as an advisor to Distinction.