Questerre selling its minority stake in its Kakwa Central assets

A pumpjack draws out oil and gas from a well head with a Canola field in the background. THE CANADIAN PRESS/Jeff McIntosh

CALGARY — Questerre Energy Corp. is selling its minority stake in its Kakwa Central assets in Alberta for $23.5 million in cash.

The company says the deal includes the assumption of decommissioning liabilities and its commitments under its firm transportation and processing contracts.

Questerre chief executive Michael Binnion says 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.

The company says production from the Kakwa Central assets averaged approximately 650 barrels of oil equivalent per day during the first quarter of 2026.

The deal is expected to close on May 1, subject to required approvals and customary adjustments.

After the sale, Questerre says production is expected to average over 4,500 boepd including production from its Kakwa North assets where it holds a 50 per cent working interest.

This report by The Canadian Press was first published April 24, 2026.