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Energy M&A image Energy M&A » By The Online Investor Staff, updated Fri., Mar. 29, 5:07 AM Recent mergers and acquisitions in the Energy M&A category.

Slide #69. Baytex Energy Corp. Aurora Oil & Gas

Acquirer: Baytex Energy Corp. (NYSE:BTE)
Acquiree: Aurora Oil & Gas
Details: Baytex Energy Corp. ("Baytex", the "Company" or "we") (TSX:BTE)(NYSE:BTE) and Aurora Oil & Gas Limited ("Aurora") (TSX:AEF)(ASX:AUT) today announced they have entered into an agreement whereby Baytex will acquire, through a scheme of arrangement under Australian law (the "Arrangement"), 100% of the shares of Aurora, on a fully diluted basis, for AU$4.10 (Australian dollars) cash per share (the "Acquisition"). The total consideration to be paid by Baytex is approximately $1.8 billion, plus assumed debt of approximately $744 million for a total transaction value of approximately $2.6 billion. All amounts are in Canadian dollars unless otherwise noted.

Baytex Energy is an oil and gas company. Co. is engaged in the acquisition, development and production of crude oil and natural gas in the Western Canadian Sedimentary Basin and the Eagle Ford in the United States. Co.'s Eagle Ford assets are located in the core of the liquids-rich Eagle Ford shale in South Texas. Co.'s assets include non-operated working interests, comprised of four areas of mutual interest (Sugarloaf, Longhorn, Ipanema and Excelsior). Co.'s Viking assets are located in the greater Dodsland area in southwest Saskatchewan and in the Esther area of southeastern Alberta. Production in the area occurs primarily from the hydraulic fracturing of horizontal wells.

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Company Name: 
Baytex Energy Corp
Stock buyback: 
BTE buyback
Website: 
www.baytexenergy.com
Sector: 
Oil & Gas Exploration & Production
Number of ETFs Holding BTE: 
4
Total Market Value Held by ETFs: 
$11.23M
Total Market Capitalization: 
$724.00M
% of Market Cap. Held by ETFs: 
1.55%
 

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