Apache Canada Ltd.

Apache Canada Ltd. in three concurrent transactions totalling $927M

Client

Apache Canada Ltd.

Value

$927 million

Service

Mergers and Acquisitions

Date Closed

July 2017

Industry

Energy (Oil & Gas)

Lead Office

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).


Team
Noralee  Bradley

Noralee Bradley

Partner, Corporate

Ted Thiessen

Ted Thiessen

Partner, Taxation

Peter Glossop - Foreign Investment Lawyer

Peter Glossop

Partner, Competition/Antitrust & Foreign Investment