International Petroleum To Acquire Alberta Bakken Player Granite Oil

Transaction Type

Sellers

Granite Oil Corp.

Buyers

International Petroleum Corp.

Basin

Canada; Alberta Bakken

Announce Date

Mon, 01/20/2020 - 12:00 PM

Post Date

Mar 6, 2020

Close Date

Fri, 03/06/2020 - 12:00 PM

Estimated Price

$59.0MM

Description

Acquired Calgary, Alberta-based Granite and its light oil position in the Alberta Bakken play; includes assumption of debt.