06:37 AM EDT, 09/18/2025 (MT Newswires) -- Tamarack Valley Energy ( TNEYF ) Thursday said it has agreed to sell its remaining non-core producing assets in the Veteran Consort and Eyehill areas of Eastern Alberta for $112 million, completing its efforts to become a pure-play Clearwater and Charlie Lake producer.

Net production expenses per barrel of oil equivalent are expected to improve by about 10% from the disposition of lower-margin barrels resulting from the deal.

The assets currently produce about 4,000 boe per day, or 6% of Tamarack's corporate production. The transaction reduces Tamarack's asset retirement obligations by $63 million, reflecting 25% of total corporate liability.

The deal is scheduled to close in October, subject to customary closing considerations.

Proceeds from the deal will be used to reduce net debt, providing the company with options to boost shareholder returns or accelerate ongoing development in the Clearwater. Tamarack continues to forecast reaching its net debt target of $500 million in 2027 at a WTI price of $65/barrel.

The company maintained its 2025 full-year production guidance at 67,000 to 69,000 boe per day and fourth-quarter production guidance at 66,500 to 67,500 boe per day. Tamarack expects to release its 2026 budget late in the fourth quarter of 2025.