Deal Insight
Whitecap acquires TORC for US$700 million
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
Whitecap Resources announced the acquisition of TORC Oil & Gas in an all stock deal valued at Cdn$900 million (US$700 million). The deal is expected to close in February 2020.TORC is a light oil weighted producer primarily focused in the Alberta Cardium and Southeast Saskatchewan. Current production is 25,000 kboed, 89% liquids. The strategic combination is the second move by whitecap this year to grow in scale and improve its resilience. The addition of TORCs land base provides over 10 ...
Table of contents
- Executive summary
- Transaction details
- Upstream assets
-
Upsides and risks
- Upside
- Risks
-
Strategic rationale
- Whitecap
- TORC
- Oil & gas pricing and assumptions
Tables and charts
This report includes the following images and tables:
- Whitecap and TORC land base
- Oil & gas pricing and assumptions: Table 1
- Oil & gas pricing and assumptions: Table 2
What's included
This report contains:
Other reports you may be interested in
Asset Report
Princess (MC 765)
Princess (MC 765) is an oil and gas field located off the northern flank of the Ursa (MC 810) field in the Mississippi Canyon ...
$3,720
Asset Report
Shenandoah (WR 52)
Shenandoah (WR 52) is a large Lower Tertiary discovery in the remote northwestern portion of the Walker Ridge protraction area. The ...
$6,900
Insight
Asia-Pacific upstream in brief
This rolling document gives our opinion and analysis of the latest events and trends in Asia-Pacific's upstream sector.
$1,350
