Just Released: "Chevron Canada to Acquire 261,000 Net Acres in British Columbia from Apache Canada for US$550MM to Expand Its Undeveloped Acreage Position in Proven and Emerging Natural Gas Basins in Canada - Deal Analysis from GlobalData"
Chevron Canada Limited, a subsidiary of Chevron Corporation (Chevron), has agreed to acquire 261,000 net acres of undeveloped land in shale gas fields in the Horn River and Liard Basins in British Columbia, from Apache Canada Ltd. (Apache), for a purchase consideration of US$550MM. Through the transaction, Chevron Canada will acquire 49,000 net acres in the Horn River Basin and 212,000 net acres in the Liard Basin. The transaction is a part of Chevron Canada's acquisition of a 50% interest...
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