Source Rock Royalties buys 0.75% gross overriding royalty in 126,000 Alberta oil sands acres for 4 million
Source Rock Royalties acquired a 0.75% gross overriding royalty on about 126,000 acres of Alberta oil sands leases for $4 million. Deal was funded from the company’s existing cash balance, expanding total gross royalty acreage by more than 60%. Royalty lands produced about 3,300 bbl/d of heavy oil in January—September