M&A Deal Summary

Nexen Energy ULC Acquires Wascana Energy Inc

On January 1, 1997, Nexen Energy ULC acquired oil/gas exploration company Wascana Energy Inc

Acquisition Highlights
  • This is Nexen Energy ULC’s 1st transaction in the Oil/Gas Exploration sector.
  • This is Nexen Energy ULC’s 1st transaction in Canada.
  • This is Nexen Energy ULC’s 1st transaction in Saskatchewan.

M&A Deal Summary
Date 1997-01-01
Target Wascana Energy Inc
Sector Oil/Gas Exploration
Buyer(s) Nexen Energy ULC
Deal Type Add-on Acquisition

Target

Wascana Energy Inc

Regina, Saskatchewan, Canada
Wascana Energy engages in the production of oil and gas. Wascana Energy operates as a subsidiary of Nexen Inc.

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Buyer(S) 1

Buyer

Nexen Energy ULC

Calgary, Alberta, Canada
Category Company
Founded 1971
Sector Oil/Gas Exploration
Employees3,228
DESCRIPTION

Nexenis an upstream oil and gas company responsibly developing energy resources in the UK North Sea, offshore West Africa, the United States and Western Canada.Nexen has three principal businesses: conventional oil and gas, oil sands and shale gas / oil.

DEAL STATS #
Overall 1 of 2
Sector (Oil/Gas Exploration) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Saskatchewan) 1 of 1
Country (Canada) 1 of 2
Year (1997) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2001-10-30 Long Lake Project

Canada

Long Lake Project pursuant to a joint venture agreement governing the construction, ownership and joint operation of the project.The Long Lake Project is currently in the construction and commissioning stage.

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