Your Portal for Key Energy Information and Research

Pengrowth Energy Corporation

Company Summary

Description

We are an intermediate Canadian oil and natural gas producer with over 28 years of operating history. Headquartered in Calgary, Alberta, our asset base provides us with exposure to large oil-in-place conventional plays, large low-risk resource plays, and early-stage development plays. These assets include the Lindbergh thermal bitumen, Cardium light oil, Swan Hills light oil and Montney natural gas projects.

Website

http://www.pengrowth.com/

Financial Data:

NYSE:PGH from Google Finance

Tickers:

  • PGH - New York Stock Exchange
  • PGF - Toronto Stock Exchange

Related Entities

Recent news

  • 1/7/2020 - Cona Resources Completes... (subscriber access)
  • 12/20/2019 - Pengrowth Secures Court... (subscriber access)
  • 11/15/2019 - Pengrowth Secures... (subscriber access)
  • 11/1/2019 - Pengrowth Energy Reaches... (subscriber access)
  • 10/1/2019 - Pengrowth Reports 31 Day... (subscriber access)

Investor Presentations

  • 1Q19 Investor Presentation
  • 4Q18 Investor Presentation (subscriber access)
  • 3Q18 Earnings Presentation (subscriber access)
  • 3Q17 Investor Presentation (subscriber access)
  • January 2017 Corporate Presentation (subscriber access)
  • Pengrowth Energy - 2015 Annual Report (subscriber access)

Company Transactions

Date: 12/31/2019
Type: Acquisition

BUYERS:
  • Cona Resources Ltd.
  • Waterous Energy Fund, L.P.
    • SELLERS:
  • Pengrowth Energy Corporation
    • DETAILS:

    COST: 740 $MM

    NOTES:
    Pengrowth has reached a deal with Waterous Energy Fund backed Cona Resources, whereby Cona will repay all principal and accrued interest on Pengrowths credit facility and secured notes. They will also acquire all outstanding shares for a cash consideration of CDN$0.05 per share. The total value of the transaction is $740 million.
    REGIONS:
  • Canada

    • Date: 11/30/2017
    Type: Acquisition

    SELLERS:
  • Pengrowth Energy Corporation
    • DETAILS:

    COST: 6.5 $MM

    VOLUMES: 1.9 MBOE/d

    REGIONS:
  • Canada

    • Date: 10/18/2017
    Type: Acquisition

    SELLERS:
  • Pengrowth Energy Corporation
    • DETAILS:

    VOLUMES: 5.5 MBOE/d

    NOTES:
    Pengrowth reported that it has entered into a deal to divest non-core assets in Alberta which include 1,600 wellbores and 5.5 Mboe/d (80% gas) in production.
    REGIONS:
  • Western Canadian Sedimentary Basin

    • Date: 10/1/2017
    Type: Acquisition

    SELLERS:
  • Pengrowth Energy Corporation
    • DETAILS:

    COST: 150 $MM

    VOLUMES: 5.1 MBOE/d

    REGIONS:
  • Western Canadian Sedimentary Basin

    • Date: 8/11/2017
    Type: Acquisition

    SELLERS:
  • Pengrowth Energy Corporation
    • DETAILS:

    COST: 300 $MM

    VOLUMES: 13.875 MBOE/d

    NOTES:
    $300 million sale of Olds/Garrington assets
    REGIONS:
  • West Central Alberta Deep Basin

    • Date: 7/6/2017
    Type: Acquisition

    SELLERS:
  • Pengrowth Energy Corporation
    • DETAILS:

    COST: 185 $MM

    VOLUMES: 5.15 MBOE/d

    NOTES:
    $185 million sale of Swan Hills assets
    REGIONS:
  • Western Canadian Sedimentary Basin

    • Date: 4/11/2017
    Type: Acquisition

    SELLERS:
  • Pengrowth Energy Corporation
    • DETAILS:

    COST: 92 $MM

    ACRES: 23424

    NOTES:
    The assets contain 36.6 net sections of Bernadet land with a 100% working interest, equating to 23,424 acres. The lands have no associated production, cash flow or reserves assigned to them.
    REGIONS:
  • Montney Formation

    • Date: 1/6/2017
    Type: Acquisition

    BUYERS:
  • PrairieSky Royalty Ltd.
    • SELLERS:
  • Pengrowth Energy Corporation
    • ASSETS:
  • Pengrowth Lindbergh Thermal Project
    • PROJECTS:
  • Lindbergh Thermal Project - Phase 2
    • DETAILS:

    COST: 250 $MM

    NOTES:
    Acquisition of a 4% royalty interest in Pengrowth's Lindberg assets.
    REGIONS:
  • Western Canadian Sedimentary Basin