Apache Canada Ltd.

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


Apache Canada Ltd.


$927 million


Mergers and Acquisitions

Date Closed

July 2017



Lead Office



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).