Pembina Pipeline Corporation (TSX: PPL; NYSE: PBA), through its affiliate Pembina Gas Infrastructure Inc. (PGI), which it co-owns with KKR, has struck a significant deal with Whitecap Resources Inc. (Whitecap) involving a C$420 million transaction ($252 million net to Pembina). This major deal includes the acquisition of a 50% working interest in Whitecap’s 15-07 Kaybob […]
Whitecap Resources acquisition of Kicking Horse Oil & Gas : Canadian oil company Whitecap Resources has signed a cash-cum-stock deal worth CAD300 million ($239.4 million) to acquire Kicking Horse Oil & Gas. Based in Calgary, Kicking Horse Oil & Gas is an indirect subsidiary of US-based private equity firm Quantum Energy Partners. The consideration is […]
Canadian oil and gas companies Whitecap Resources and TORC Oil & Gas have inked an all-stock merger deal worth nearly CAD 900 million ($703.4 million) to create a light oil weighted producer in Western Canada, valued at $3.12 billion. As part of the deal, Whitecap Resources will assume TORC Oil & Gas’ net debt of […]
Whitecap Resources has signed an all-stock deal worth around CAD155 million ($118.6 million) to acquire rival Canadian oil and gas company NAL Resources from a fully-owned subsidiary of Manulife Financial. NAL Resources has oil and gas assets across Alberta and Saskatchewan and is presently producing nearly 27,000 boe/d, of which 55% is oil and natural […]