M&A Deal Summary |
|
|---|---|
| Date | 2016-03-17 |
| Target | Paramount Resources - Natural Gas Processing Assets |
| Sector | Energy Services and Equipment |
| Buyer(s) | Pembina |
| Sellers(s) | Paramount Resources |
| Deal Type | Divestiture |
| Deal Value | 556M USD |
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| Category | Company |
|---|---|
| Founded | 1954 |
| Sector | Energy Services and Equipment |
| Employees | 2,623 |
| Revenue | 9.1B CAD (2023) |
Pembina is an owns and operates of an integrated system pipelines that transport various products derived from natural gas and hydrocarbon liquids produced in western Canada and North Dakota. Pembina was founded in 1954 and is based in Calgary, Alberta.
| DEAL STATS | # |
|---|---|
| Overall | 1 of 3 |
| Sector (Energy Services and Equipment) | 1 of 3 |
| Type (Divestiture) | 1 of 2 |
| Country () | 1 of 1 |
| Year (2016) | 1 of 1 |
| Size (of disclosed) | 3 of 3 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2017-05-01 |
Veresen
Calgary, Alberta, Canada Veresen, Inc. owns and operates energy infrastructure assets across North America. Veresen is engaged in three principal businesses: a pipeline transportation business comprised of interests in the Alliance Pipeline, the Ruby Pipeline and the Alberta Ethane Gathering System; a midstream business which includes a partnership interest in Veresen Midstream Limited Partnership, which owns assets in western Canada, and an ownership interest in Aux Sable, which owns a world-class natural gas liquids (NGL) extraction facility near Chicago, and other natural gas and NGL processing energy infrastructure; and a power business comprised of a portfolio of assets in Canada. Veresen is also developing Jordan Cove LNG, a six million tonne per annum natural gas liquefaction facility proposed to be constructed in Coos Bay, Oregon, and the associated Pacific Connector Gas Pipeline. In the normal course of business, Veresen regularly evaluates and pursues acquisition and development opportunities. |
Buy | CA$9.7B |
| Category | Company |
|---|---|
| Founded | 1976 |
| Sector | Oil/Gas Exploration |
| Employees | 579 |
| Revenue | 2.1B CAD (2023) |
Paramount Resources is a oil and natural gas exploration, development and production company with operations focused in Western Canada. Paramount's common shares are listed on the Toronto Stock Exchange under the symbol "POU". Paramount Resources was incorporated in 1976 and is headquartered in Calgary, Alberta.
| DEAL STATS | # |
|---|---|
| Overall | 1 of 1 |
| Sector (Energy Services and Equipment) | 1 of 1 |
| Type (Divestiture) | 1 of 1 |
| Country () | 1 of 1 |
| Year (2016) | 1 of 1 |
| Size (of disclosed) | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2011-05-31 |
ProspEx Resources
Calgary, Alberta, Canada ProspEx Resources Ltd., a junior oil and gas company, engages in the exploration and development of natural gas assets in the Deep Basin and West Central Alberta in Canada. |
Buy | $140M |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2017-09-12 |
Trilogy Energy
Calgary, Alberta, Canada Trilogy Energy Corp. is a petroleum and natural gas-focused Canadian energy corporation that actively develops,produces and sells natural gas, crude oil and natural gas liquids. Trilogy geographically concentrated assets are primarily high working interest properties that provides abundant low risk infill drilling opportunities and good access to infrastructure and processing facilities, many of which are operated and controlled by Trilogy. |
Buy | - |
