Rifle Shot Oil acquires Redwater area assets in Alberta
CALGARY, Alberta -- Rifle Shot Oil has completed the acquisition of assets in the Redwater area of Alberta.
The acquisition includes 550 boed (90% light oil) of high working interest, operated, low decline, high netback oil production and associated infrastructure.
With the closing of this acquisition, Rifle Shot has increased company production to more than 1,000 boed (90% oil) in the greater Redwater and Provost areas. Rifle Shot is evaluating numerous asset sales, farm-in opportunities and joint ventures, and is receptive to evaluating additional opportunities as they present themselves in order to expand our footprint around existing operations as well as adding an additional core area.
