Wednesday, September 28

Imperial, Exxon complete $1.9-billion sale of XTO Energy Canada to Whitecap Resources


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CALGARY — Imperial Oil Ltd. says it and ExxonMobil Canada have closed the $1.9-billion sale of their oil and gas-producing assets in the Montney and Duvernay areas to Whitecap Resources Inc.

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The two companies each owned 50 per cent of XTO Energy Canada, which held the assets, while Imperial itself is majority owned by ExxonMobil.



financialpost.com

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