Current Mandates

Disposition Opportunities

Below you will find ARCO’s current disposition opportunities and corresponding marketing materials.

If you are interested in selling your assets or company and would like more information about the marketing process and industry activity, please contact us directly.

Journey Energy -
Sale of Producing Assets in Brooks/Countess, Niton, Ferrier

Journey Energy Inc. (“Journey” or the “Company”) has initiated a process to divest of certain non-core, conventional oil and natural gas assets and has retained ARCO Capital Partners Inc. (“ARCO”) as its financial advisor to assist in this process (the “Process”).

The marketed properties include operated and non-operated interests in Brooks / Countess, Niton, and Ferrier, producing from the Glauconitic, Sunburst, Ellerslie, Rock Creek, and Cardium Formations (the “Properties”). On a combined basis the Properties generated $6.0 MM of annualized net operating income in Q1/2024 ($16.5/BOE) on 1,000 BOE/d of sales volumes (488 bbl/d + 3.0 MMcf/d). Property level summary:

Brooks / Countess

  • Conventional play types characterized by large oil in place, low recovery medium gravity oil (25o to 30o API) in the Glauconitic and Sunburst Formations
  • Low decline production supported by multiple active waterfloods
  • Well control and seismic support low- to medium-risk drilling locations in the Mannville Stack and Pekisko

Niton

  • Journey is operator of two Rock Creek Pools that are producing 175 bbl/d (gross) of light oil (32o to 37o API) from low decline reservoirs 
  • 7.5 year PDP reserve life
  • Ownership of key processing infrastructure, including a gas plant capable of 44 MMcf/d and two oil batteries

Ferrier

  • Mostly non-operated working and royalty interests in a stacked multi-zone prospective fairway with significant operator activity
  • Low decline, gas weighted production base, producing predominantly from Glauconitic, Ellerslie and Cardium Formations
  • 6.2 year PDP reserve life

Parties that execute the attached confidentiality agreement will have access to confidential information via an online data room. The deadline for non-binding proposals is Tuesday, June 11, 2024.