Paramount Resources completes acquisition of Apache Canada

Paramount Resources Ltd. (TSX: POU) has completed its previously announced acquisition of Apache Canada Ltd., which has been re-named Paramount Resources (ACL) Ltd. 

The special meetings of shareholders of Paramount and Trilogy Energy Corp. to consider and vote on the proposed merger of Paramount and Trilogy have been scheduled for September 8, 2017. If shareholder and court approvals are obtained and the other conditions to the merger are satisfied, the merger is expected to be completed on or about September 12, 2017.

Paramount is an independent, publicly traded, Canadian energy company that explores and develops unconventional and conventional petroleum and natural gas prospects, including long-term unconventional exploration and pre-development projects, and holds a portfolio of investments in other entities. The Company's principal properties are primarily located in Alberta and British Columbia. 

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now


Logistics Risk Management in the Transformer Industry

Transformers often are shipped thousands of miles, involving multiple handoffs,and more than a do...

Secrets of Barco UniSee Mount Revealed

Last year Barco introduced UniSee, a revolutionary large-scale visualization platform designed to...

The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...