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NAL Resources Limited

Company Summary

Description

NAL has oil and gas operations in Alberta and Saskatchewan and is currently producing approximately 27,000 boe/d (55% oil and NGLs). 

Operational Regions

  • Canada

Related Entities

Recent news

  • 3/30/2021 - Whitecap Resources... (subscriber access)
  • 9/1/2020 - Whitecap Resources... (subscriber access)

Company Transactions

Date: 1/4/2021
Type: Acquisition

BUYERS:
  • Whitecap Resources
    • SELLERS:
  • NAL Resources Limited
  • Manulife Financial Corporation
    • DETAILS:

    COST: 155 $MM

    VOLUMES: 27 MBOE/d

    NOTES:
    Whitecap Resources has entered into a $155 million all-stock transaction to combine with privately owned NAL Resources Limited, a subsidiary of Manulife Financial Corporation. Whitecap will issue Manulife 58.3 million common shares in exchange for all NAL shares, with closing targeted on January 4, 2021.
    REGIONS:
  • Western Canadian Sedimentary Basin