In the Market: Endurance Energy selling upstream/midstream assets


BMO Capital Markets has been engaged to sell Warburg Pincus-backed Endurance Energy in a court supervised process. According to BMO’s site, the assets include the following:

  • Consolidated gas assets with low opex (~$7/boe) and a shallow decline (~13%)
  • Operations are heavily weighted in Northeast British Columbia (BC) with a land base of 1,511 net sections (730 undeveloped net sections)
  • Corporate production is over 16,000 boe/d (>90 MMcf/d), with 93% of this from the Jean Marie formation in Northeast BC which includes 6 bbl/MMcf of condensate
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