Parties
Company
Strathcona Resources Ltd.
Company
Pipestone Energy Corp.
Alberta-based oil producer Strathcona Resources announced plans to acquire Pipestone Energy Corp in an all-stock deal that will create a combined company with a market capitalization of $11.5 billion. The deal is expected to close early in the fourth quarter of 2023.
Deal Type
Merger & AcquisitionIndustry
EnergyTransaction
$ 11,500,000,000Deal Status
ClosedClosing Date
03 October 2023