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Article: Mergers & acquisitions

Article from:
Energy Processing Canada
Article date:
September 1, 2001
Author:
Copyright

For $3.3 billion, Canadian Hunter Exploration Ltd. is being acquired by Burlington Resources Inc., which will gain estimated proved reserves of 1.2 tcf of natural gas and 6.2 million barrels of oil, along with approximately 2 million net undeveloped acres and extensive seismic data... For $13.3 billion, U.S. pipeline giant Duke Energy Corp. agreed to buy Westcoast Energy Inc., Canada's third-largest pipeline company.The deal, announced on September 20, means Duke, based in Charlotte, North Carolina, will own Westcoast's large network of pipelines and electricity plants, and have a toehold to build planned pipelines to deliver Arctic gas from Alaska and the Northwest Territories... With the ...

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