Tamarack Valley Energy selling non-core assets in eastern Alberta for $112 million
Advertisement
Read this article for free:
or
Already have an account? Log in here »
We need your support!
Local journalism needs your support!
As we navigate through unprecedented times, our journalists are working harder than ever to bring you the latest local updates to keep you safe and informed.
Now, more than ever, we need your support.
Starting at $15.99 plus taxes every four weeks you can access your Brandon Sun online and full access to all content as it appears on our website.
Subscribe Nowor call circulation directly at (204) 727-0527.
Your pledge helps to ensure we provide the news that matters most to your community!
To continue reading, please subscribe:
Add Brandon Sun access to your Winnipeg Free Press subscription for only
$1 for the first 4 weeks*
*$1 will be added to your next bill. After your 4 weeks access is complete your rate will increase by $4.99 a X percent off the regular rate.
Read unlimited articles for free today:
or
Already have an account? Log in here »
CALGARY – Tamarack Valley Energy Ltd. has signed a deal to sell a group of non-core assets in eastern Alberta to a private company for $112 million.
The assets in the Veteran Consort and Eyehill areas produce approximately 4,000 barrels of oil equivalent per day or about six per cent of Tamarack’s corporate production.
The company says the sale completes its transformation into a pure-play Clearwater and Charlie Lake player.
The deal also reduces the company’s asset retirement obligations by $63 million.
The agreement is expected to close in October, subject to customary closing considerations.
Tamarack says proceeds from the sale will initially be used to reduce debt.
This report by The Canadian Press was first published Sept. 18, 2025.
Companies in this story: (TSX:TVE)