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  5. Newport Petroleum Acquires Caroline Swan Hills Gas Unit

M&A Deal Summary

Newport Petroleum Acquires Caroline Swan Hills Gas Unit

On January 22, 1999, Newport Petroleum acquired oil/gas exploration company Caroline Swan Hills Gas Unit from Union Pacific Resources Group for 165M CAD

Acquisition Highlights
  • This is Newport Petroleum’s 2nd transaction in the Oil/Gas Exploration sector.
  • This is Newport Petroleum’s 2nd largest (disclosed) transaction.
  • This is Newport Petroleum’s 1st transaction in Canada.

M&A Deal Summary
Date 1999-01-22
Target Caroline Swan Hills Gas Unit
Sector Oil/Gas Exploration
Buyer(s) Newport Petroleum
Sellers(s) Union Pacific Resources Group
Deal Type Divestiture
Deal Value 165M CAD

Target

Caroline Swan Hills Gas Unit

Canada
Caroline Swan Hills Gas Unit comprises a gas field and associated processing facilities.

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Buyer(S) 1

Buyer

Newport Petroleum

Calgary, Alberta, Canada
Category Company
Sector Oil/Gas Exploration
DESCRIPTION

Newport Petroleum Corporation explores for, develops, and produces oil and gas. The Company operates in British Columbia and Alberta, Canada.

DEAL STATS #
Overall 2 of 2
Sector: Oil/Gas Exploration M&A 2 of 2
Type: Divestiture M&A Deals 2 of 2
Country: Canada M&A 1 of 1
Year: 1999 M&A 2 of 2
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1999-01-22 Collins & Ware

Midland,, Texas, United States

Collins & Ware, Inc. owns and operates oil and gas wells in Texas. Company engages in production of oil and gas.

Buy $138M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2000-07-05 Collins & Ware

Midland,, Texas, United States

Collins & Ware, Inc. owns and operates oil and gas wells in Texas. Company engages in production of oil and gas.

Sell -

Seller(S) 1

SELLER

Union Pacific Resources Group

Houston,, Texas, United States
Category Company
Sector Oil/Gas Exploration
DESCRIPTION

Union Pacific Resources Group, explores and produces natural gas, natural gas liquids, and crude oil.

DEAL STATS #
Overall 2 of 2
Sector: Oil/Gas Exploration M&A 2 of 2
Type: Divestiture M&A Deals 2 of 2
Country: Canada M&A 1 of 1
Year: 1999 M&A 2 of 2
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1999-01-22 Collins & Ware

Midland,, Texas, United States

Collins & Ware, Inc. owns and operates oil and gas wells in Texas. Company engages in production of oil and gas.

Sell $138M
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