Whitecap Resources has entered into an agreement to acquire all issued and outstanding shares of Beaumont Energy for a total consideration of approximately USD 587.5 million. Whitecap will also assume USD 70.5 million in debt as part of the transaction. Beaumont’s assets include 27.2 million BOE in proven reserves and a current production of 5,100 BOED.
Don't miss out on the latest technology delivered to your email weekly. Sign up for the JPT newsletter. If you are not logged in, you will receive a confirmation email that you will need to click on to confirm you want to receive the newsletter.