Increased prices for liquids-rich oil and natural gas production from Alberta and British Columbia, along with four corporate takeovers, fueled a solid second quarter for Calgary’s Spartan Delta Corp.

The independent put together a bundle of energy-rich properties from dealmaking in Western Canada that enriched the bottom line during 2Q2022. 

Spartan, which reports in Canadian currency (C$1.00 = 77 cents), paid around $982 million total for a broad package of energy-rich assets that included Bellatrix Exploration Ltd., Inception Exploration Ltd., Canoe Point Energy Ltd., Velvet Energy Ltd. Spartan said it also added a few smaller deals.

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