PrairieSky Royalty Stock

PrairieSky Royalty Ltd. holds crude oil and natural gas royalty interests in Alberta, Saskatchewan, British Columbia, and Manitoba of Canada.

The company holds interests in approximately 7.6 million acres with petroleum and/or natural gas rights; 1.1 million acres with coal titles; 7.8 million acres of gross overriding royalty interests; and other acreage.

During the year ended December 31, 2019, average net production associated with the GORR Lands was approximately 8,923 BOE/d, with approximately 29.6 million cubic feet per day of natural gas production, approximately 2,898 barrels per day of crude oil production and approximately 1,091 barrel per day of NGL production. In 2019, the GORR Interests provided approximately 34% of the total royalty revenue of PrairieSky.

During the year ended December 31, 2019, the company entered into 127 leasing arrangements with 80 different counterparties. Leasing activity focused on crude oil targets across several plays and areas in Western Canada.

History

PrairieSky Royalty Ltd. was incorporated in 2013.