Mergers and Acquisitions

Apache Canada Ltd. in three concurrent transactions totaling $927 million

Apache Canada Ltd.

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Expertise
Mergers and Acquisitions Energy
Key Contact
Janice Buckingham, KC

Partner, Energy, Calgary

 

On July 6, 2017, Apache Corp. announced three concurrent transactions for a total value of approximately $927 million. Apache Canada Ltd. sold assets in Saskatchewan and Alberta to Cardinal Energy Ltd., and assets in Alberta to an undisclosed privately owned company. Apache Corp. then sold the shares of Apache Canada Ltd. to Paramount Resources Ltd.

Apache Canada Ltd. is a Calgary-based, wholly owned subsidiary of Apache Corporation, a highly successful U.S. independent oil and gas exploration and production company.

Osler, Hoskin & Harcourt LLP represented Apache with a team consisting of Janice Buckingham (Energy), Noralee Bradley (Corporate), Ted Thiessen (Taxation), and Peter Glossop (Competition/Antitrust).

Value
$927 million
Date Closed
July 6, 2017
Lead Office
Calgary
Key Contact
Janice Buckingham, KC

Partner, Energy, Calgary

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