Investment Summary

Chevron Canada Invests In Pacific Trail Pipelines

On December 24, 2012, Chevron Canada invested in oil/gas exploration company Pacific Trail Pipelines from Ovintiv

Investment Highlights
  • This is Chevron Canada’s 2nd transaction in the Oil/Gas Exploration sector.
  • This is Chevron Canada’s 2nd transaction in Canada.
  • This is Chevron Canada’s 1st transaction in British Columbia.

Investment Summary
Date 2012-12-24
Target Pacific Trail Pipelines
Sector Oil/Gas Exploration
Investor(s) Chevron Canada
Sellers(s) Ovintiv
Deal Type Stake Purchase

Target

Pacific Trail Pipelines

Vancouver, British Columbia, Canada
Pacific Trail Pipelines Limited Partnership develops and operates natural gas transmission pipelines in Canada.

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Investor(S) 1

Investor

Chevron Canada

Vancouver, British Columbia, Canada
Category Company
Founded 1938
Sector Oil/Gas Exploration
DESCRIPTION

Chevron Canada Limited explores for, develops, produces, and markets crude oil, natural gas, and natural gas liquids.

DEAL STATS #
Overall 2 of 2
Sector (Oil/Gas Exploration) 2 of 2
Type (Stake Purchase) 2 of 2
State (British Columbia) 1 of 1
Country (Canada) 2 of 2
Year (2012) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-12-24 Kitimat LNG

Calgary, Alberta, Canada

Kitimat LNG, Inc. engages in the construction of Liquefied Natural Gas (LNG) terminals.

Buy -

Seller(S) 1

SELLER

Ovintiv

Denver, Colorado, United States
Category Company
Founded 2020
Sector Oil/Gas Exploration
Employees1,743
Revenue 10.9B USD (2023)
DESCRIPTION

Ovintiv is an oil and gas exploration company. It is involved in the production and marketing of oil and natural gas. Ovintiv was founded in 2020 and is based in Denver, Colorado.

DEAL STATS #
Overall 4 of 6
Sector (Oil/Gas Exploration) 4 of 6
Type (Stake Purchase) 1 of 1
State (British Columbia) 1 of 1
Country (Canada) 3 of 4
Year (2012) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-12-09 Carrot Creek Assets

Alberta, Canada

Carrot Creek is located 160 km west of Edmonton and lies adjacent to the successful Cardium oil development in which Direct Energy is already involved. This acquisition represents a unique opportunity to invest in a liquids-rich, multi-zone area that has significant development potential, deploying the same horizontal drilling techniques currently utilised by Direct Energy.

Sell CA$58M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-09-30 Athlon Energy

Forth Worth, Texas, United States

Athlon Energy is an oil exploration and production company focused on the acquisition, development, and exploitation of unconventional oil and liquids-rich natural gas reserves in the Permian Basin.

Buy $7.1B
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