SLB to Sell Palliser Block Assets in Alberta by Late Q4 2024 [Yahoo! Finance]
Pedevco Corp. (PED)
NASDAQ:AMEX Investor Relations:
pacificenergydevelopment.com
Company Research
Source: Yahoo! Finance
SLB SLB, an American oilfield services company, announced a definitive agreement to sell its interests in the Palliser Block in Alberta, Canada. The deal marks another strategic move by SLB to streamline its portfolio and sharpen its focus on technology-driven energy solutions. Details of SLB's Palliser Block Assets The Palliser Block comprises oil and gas wells, surface facilities, a pipeline network, and oil and gas development rights across approximately 800,000 acres. In 2017, SLB acquired these assets from Cenovus Energy CVE in partnership with Torxen Energy for roughly $1 billion CAD. At the time of acquisition, the assets had a daily production rate of 54,000 barrels of oil equivalent per day (boepd). SLB, a majority non-operating partner, provided exclusive services to the project, while Torxen operated the wells and infrastructure. The sale, subject to regulatory approval and customary closing conditions, is expected to be finalized in the fourth quarter of 2024. While
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PED
News
- PEDEVCO Corp. (NYSE: PED) is now covered by analysts at StockNews.com. They set a "sell" rating on the stock.MarketBeat
- PEDEVCO Corp. (NYSE: PED) is now covered by analysts at StockNews.com. They set a "sell" rating on the stock.MarketBeat
- PEDEVCO Announces Appointment of New Chief Executive Officer, New Chief Commercial Officer, and Board of Director ChangesAccesswire
- PEDEVCO Corp. (NYSE: PED) is now covered by analysts at StockNews.com. They set a "sell" rating on the stock.MarketBeat
- PEDEVCO Corp. (NYSE: PED) is now covered by analysts at StockNews.com. They set a "sell" rating on the stock.MarketBeat
PED
Earnings
- 11/14/24 - Beat
PED
Sec Filings
- 12/20/24 - Form 8-K
- 12/20/24 - Form 424B5
- 12/11/24 - Form 8-K
- PED's page on the SEC website