Questerre Sells Kakwa Central Stake for $23.5 Million

Calgary-based Questerre Energy Corp. announced on April 24, 2026, that it is divesting its minority stake in the Kakwa Central assets in Alberta for $23.5 million in cash, as part of a strategic shift toward developing other properties.

The transaction involves the buyer assuming decommissioning liabilities associated with the assets, along with Questerre's obligations under existing firm transportation and processing contracts. This sale allows the company to bolster its financial position without diluting shareholder equity through new share issuances. "The sale strengthens the company's balance sheet without the issuance of any equity capital as it focuses on developing its other assets, including its adjacent Kakwa North assets," said Michael Binnion, Questerre's chief executive officer.

During the first quarter of 2026, production from the Kakwa Central assets averaged approximately 650 barrels of oil equivalent per day. The deal is slated to close on May 1, pending necessary regulatory approvals and standard closing adjustments. Following the completion of the sale, Questerre anticipates its overall production to average more than 4,500 barrels of oil equivalent per day,...