InPlay Oil closes CAD 54.25 million acquisition of private oil and gas producer

Reuters2026/08/21 13:18

Bitget offers one-stop trading for cryptocurrencies, stocks, and gold. Trade now!

A welcome pack worth 6200 USDT for new users! Sign up now!

InPlay Oil closed its acquisition of a private oil and gas producer for cash consideration of $54.25 million.
The deal adds about 1,400 boe/d, lifting corporate production to about 20,100 boe/d, with 63% light oil and NGLs.
Belly River output rises to about 2,000 boe/d; acquired volumes are 85% light oil and NGLs.
Valuation set at 2.0x net operating income, with 18% annualized per-share accretion to adjusted funds flow and free adjusted funds flow.
Inventory includes 50 drilling locations, including more than 10 years of Tier 1 drilling opportunities.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. InPlay Oil Corp. published the original content used to generate this news brief via CNW (Ref. ID: 202608210917CANADANWCANADAPR_C1189) on August 21, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

Understand the market, then trade.

Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.

Trade now！

InPlay Oil closes CAD 54.25 million acquisition of private oil and gas producer

You may also like

Crypto prices