Apollo's Jupiter Resources closes $2 bln buy of Encana's Bighorn assets
Jupiter Resources Inc, a portfolio company of U.S. private equity firm Apollo Global Management, has completed the previously announced acquisition of Encana Corp's Bighorn assets in the Alberta Deep Basin. The purchase price was $2 billion, making it the largest energy transaction so far this year in Canada's private equity market, according to data provided by Thomson Reuters. Jupiter, a Calgary-based oil and gas exploration and production company focused on liquids-rich natural gas properties, last month proposed a private offering of US$1.125 billion in senior notes to help finance the deal.
1 October 2014•1 min read
