Canada’s Whitecap acquires Midway for $553 million

摘要

Vancouver—Whitecap Resources and MidwayEnergy, two oil-weighted producers on similargrowth directions in Western Canada, have com-bined forces in a C$550 million ($553 million)cash, share and debt acquisition by Whitecap.Amid a mixed bag of merger and acquisi-tion activity among the region’s junior com-panies, Whitecap and Midway announcedFebruary 28 that the deal will create an entitywith current production of 15,000 b/d of oilequivalent (65% oil and 3% natural gas liquids)from resource plays in western Alberta andsouthwestern Saskatchewan.