On May 14, 2025, an undisclosed buyer signed a definitive agreement to acquire the Grande Prairie asset of Strathcona Resources Ltd. (TSX:SCR) for a total consideration of CAD 850 million. The transaction comprises CAD 750 million in cash and approximately CAD 100 million in assumed lease obligations. Completion of the deal is contingent on regulatory approvals and the satisfaction of customary closing conditions, with finalization anticipated in early Q3 2025. Strathcona Resources was supported in the transaction by several advisory firms: BMO Capital Markets acted as financial advisor, RBC Capital Markets served as strategic advisor, and Blake, Cassels & Graydon LLP provided legal counsel. Additionally, Scotia Capital Inc. also acted as financial advisor to Strathcona.