InPlay Oil Corp. acquires Cardium light oil assets in the Pembina area from Obsidian Energy Ltd.
Type: Acquisition · Technology: Oil Gas · Country: Canada · Value: $309M · Announced: 2025-02-19
InPlay Oil Corp. entered a definitive agreement to acquire petroleum and natural gas assets producing ~10,000 boe/d (68% oil and NGLs) in the Pembina area of Alberta from Obsidian Energy Ltd. for approximately $309 million, effective December 1, 2024.
Counterparties
- Obsidian Energy Ltd (Seller)
- InPlay Oil Corp (Buyer)
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