Topaz Bought $38.7 Million of Royalty Acres. The Operators Still Have to Drill Them
On July 27 Topaz said it closed a June 30 tuck-in across 0.3 million gross acres in the NEBC Montney and Deep Basin for $38.7 million. Second-quarter royalty volumes were 24,233 boe/d. Annual guidance moved to 23,900 to 24,300 boe/d. Exit net debt is now $435 million to $440 million.