finance
Questerre Energy Agrees to Sell Kakwa Central Assets for $23.5 Million
Questerre Energy Corporation has entered a binding agreement to sell its non-operated minority working interest in Kakwa Central assets. The deal includes a $23.5 million cash payment and the buyer's assumption of certain liabilities. The transaction is set to close on May 1, 2026, pending approvals.
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CALGARY, Alberta — Questerre Energy Corporation entered into a binding purchase and sale agreement on April 24, 2026, to sell its non-operated minority working interest in Kakwa Central assets, Benzinga reported. 5 million. The buyer will assume decommissioning liabilities for the Kakwa Central assets and Questerre's commitments under its firm transportation and processing contracts.
The agreement is scheduled to close on May 1, 2026, subject to receipt of requisite approvals and customary adjustments. Production from the Kakwa Central assets averaged approximately 650 boe per day during the first quarter of 2026.
Post the disposition, Questerre production is expected to average over 4,500 boe per day including production from its Kakwa North assets, according to the company's statement reported by Benzinga. Michael Binnion, President and Chief Executive Officer of Questerre, stated, "We invested in Kakwa Central over 14 years ago to extend the condensate rich window of the Montney.
It was a success and we jointly drilled over 40 wells to develop these lands.
This sale strengthens our balance sheet without the issuance of any equity capital.
Questerre holds a significant natural gas discovery in the Quebec Utica shale. The company is focused on responsibly developing oil and gas resources and believes society can successfully transition its energy portfolio with new clean technologies and innovation.
