Whitecap Resources to Buy TORC Oil & Gas in $430 Million All-stock Deal

Transaction Type
Basin
Cardium; Torquay/Three Forks
Announce Date
Post Date
Close Date
Estimated Price
CA$552.0MM
Description

Bought rival Calgary, Alberta-based TORC Oil & Gas in an all-stock deal; includes Cardium development in central Alberta and exposure to the light oil Torquay/Three Forks resource play in SE Saskatchewan.