Divestiture • Oil/Gas Exploration

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 Context
  • 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.

Explore All 413 Divestiture Oil/Gas Exploration Deals - Search the Database Free


M&A Deal Summary

Date January 22, 1999
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 Company

Caroline Swan Hills Gas Unit

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

Browse All 215,158 Deals

FILTER BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Search Free

Buyer Overview 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 Context for Buyer #
Overall 2 of 2
Sector: Oil/Gas Exploration 2 of 2
Type: Divestiture 2 of 2
Country: Canada 1 of 1
Year: 1999 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 Profile 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 Context for Seller #
Overall 2 of 2
Sector: Oil/Gas Exploration 2 of 2
Type: Divestiture 2 of 2
Country: Canada 1 of 1
Year: 1999 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