Woodfibre LNG developer buying private Calgary-based natural gas producer

By The Canadian Press / Glacier Media
Project not dependant on this deal, says Woodfibre LNG spokesperson

The parent company of Woodfibre LNGn is buying a private Calgary oil and gas producer. In a joint announcement this week, Pacific Oil & Gas Ltd. says it has struck a cash deal to buy Canbriam Energy Inc., which produces natural gas from the prolific Montney geological formation in northeastern B.C.
The companies say the transaction will result in a “well-capitalized” entity able to grow current Canbriam production of about 200 million cubic feet per day of natural gas, including 6,000 barrels per day of associated natural gas liquids.…

Source:: Woodfibre LNG developer buying private Calgary-based natural gas producer

• Whistler News

May 14, 2019

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