Source Rock Royalties closes acquisition of a 5% royalty on light oil in Central Alberta
News release
by
Source Rock Royalties Ltd
Vancouver
|
April 05, 2023 12:47 PM Eastern Daylight Time
Source Rock Royalties CEO Brad Docherty joined Steve Darling from Proactive to share news the company has announced the closing of a 5% gross overriding royalty on three light oil properties in Central Alberta.
Docherty tells Proactive the GORR Lands are currently operated by a private company with oil production of 420 bbl/d of low-decline light oil in January 2023.
Docherty also shared with Proactive more about the company’s portfolio and also its strategy to scale the business.
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