Calgary-based Petro-Canada last week became the third producer in two months to buy substantial assets in the U.S. Rocky Mountains, with the acquisition of Denver-based Prima Energy Corp. for $534 million (C$719 million). Prima, an unconventional natural gas producer, is debt free, and will have about $60 million in cash at closing.
534M
Articles from 534M
Petro-Canada to Acquire Rockies-based Prima Energy for $534M
Calgary-based Petro-Canada on Wednesday became the third producer in two months to buy substantial assets in the U.S. Rocky Mountains, with the acquisition of Denver-based Prima Energy Corp. for $534 million (C$719 million). Prima, an unconventional natural gas producer, is debt free, and will have about $60 million in cash at closing.
June 10, 2004
Listen to the latest episode of our newest podcast NGI's Hub and Flow via:
