Building on the Saskatchewan light oil portfolio it acquired in February's $482 million reverse merger with Renegade Petroleum, Spartan Energy Corp. has agreed to buy complementary operated properties from Lightstream Resources for $98 million. Located in the province's southeast near Spartan's ex-Renegade Williston Basin assets, these conventional Lightstream properties are producing 1,000 boepd (96% oil and NGLs) from 700 wells with an annual decline of 18% and netbacks exceeding $52/boe.As a result of the......
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