Sign up here for GlobalData s free bi-weekly Covid-19 report on the latest information your industry needs to know.
Canadian oil firm Whitecap Resources has agreed to acquire Kicking Horse Oil & Gas, an indirect subsidiary of Quantum Energy Partners, in a stock-and-cash deal worth C$300m ($239.08m).
The deal consideration includes 34.5 million common shares of Whitecap and $56m ($44.6m) in cash. It also includes the assumption of $54m ($43m) net debt.
With the deal, Whitecap will add Kicking Horse’s assets in the liquids-rich portion of the Alberta Montney to its existing Northern Alberta and British Columbia business unit, while completing the existing Montney position at Karr.