Tamarack Acquisition Corp., a subsidiary of Tamarack Valley Energy Ltd., will acquire Wilson Creek assets in central Alberta from Suncor Energy Inc., Calgary, for $168.5 million (Can.).
Estimated net production from the assets so far this year is 1,702 boe/d. The sale is expected to close in the fourth quarter.
Suncor said Wilson Creek is a Cardium-focused operation. Suncor averages more than 80% working interest, including 52% in the Suncor-operated Wilson Creek Unit No. 1, which produces liquids-rich gas.
“These are high-quality assets that no longer fit with our core business,” said Suncor Pres. Steve Williams.