Deal Insight
Paramount buys Apache Canada and merges with Trilogy
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 3 images and tables including:
- Deal analysis: Table 1
- Oil & gas pricing and assumptions: Table 1
- Oil & 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 ...
$3,100
Insight
Global upstream M&A in brief
The global upstream M&A in brief provides the Wood Mackenzie view on all of the key M&A events as they unfold.
$1,350
Asset Report
Brunswick (Closed) zinc mine
A detailed analysis of the Brunswick zinc mine.
$2,250
