Deal Insight
Paramount buys Apache Canada and merges with Trilogy
This report is currently unavailable
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
Paramount is well on its way to joining the 6-digit production club through a transformative acquisition and merger agreement announced on 6 July 2017. Paramount is buying 1.6 million acres from Apache Canada for Cdn$459.5 million (US$354 million). The transaction assets currently produce 42,200 boe/d (26% liquids). This deal, along with two others in June, signal Apache's exit from Canada. Apache is retrenching towards its core operating areas in the United States, North Sea and Egypt. Paramount also entered into an all-share merger with Trilogy Energy. Paramount previously held a 15% interest in Trilogy. The deal represents an implied value of Trilogy Energy of Cdn$1.2 billion (US$900 million). The merger is conditional upon Paramount completing the acquisition of Apache Canada. Upon closure, Paramount will compliment and diversify its portfolio with an additional 580,000 acres primarily in the Montney and Duvernay plays. Trilogy currently produces 25,000 boe/d (38% liquids).
Table of contents
- Executive summary
- Upstream assets
- Deal analysis
- Upsides and risks
- Strategic rationale
- Oil & gas pricing and assumptions
Tables and charts
This report includes the following images and tables:
-
Deal analysis: Table 1Oil & gas pricing and assumptions: Table 1Oil & gas pricing and assumptions: Table 2
What's included
This report contains:
Other reports you may be interested in
Asset Report
Paramount Resources Alberta
Paramount Resources is a Canadian energy company incorporated in 1978, with properties in Alberta, British Columbia, Saskatchewan and ...
$3,720
Insight
Canada upstream in brief
Our view on the key events as they unfold, covering oil sands, unconventional plays, western Canada, Arctic, and offshore East Coast.
$700
Asset Report
Whitecap Saskatchewan
Whitecap Resources is a light and medium oil-focused producer with properties across Alberta, British Columbia and Saskatchewan.
$3,720
