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Track Drilling (Rigs by operator) | Completions (Frac Spreads)

One-Page Deal Sheet

TAQA to Acquire Pioneer Canada

Taqa Pioneer Natural Resources Co.
AnnouncedAug 23, 2007
TypeProperty
Announced Date
August 23,2007
Close Date
November 27,2007
Transaction Type
Property
Enterprise Value (EV)($MM)
540




Snapshot
Asset/Basin:
{"Western Canadian Sedimentary Basin"}
Proved Reserves

Location
Region
Canada

Country
Canada

Production & Reserves
Production

Reserves


Calculated Metrics( EV/Category)
$/ Flowing

Transaction Details:  Subscribe to see

The Abu Dhabi National Energy Company PJSC announced today the purchase of Pioneer Canada, a subsidiary of the US firm Pioneer Natural Resources Company for USD 540 million.

When finalized, the Pioneer deal will provide TAQA with an additional 59 million barrels of (gross) WI P+P oil and gas reserves, more than 10,000 barrels of energy per day (boe/d), and add to TAQA’s best-in-class exploration and production team with newly acquired expertise in coalbed methane exploration and production.

Calgary-based Pioneer Canada Ltd. is a Canadian oil and gas exploration company with operations in the…

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