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.

PRESS RELEASE

Jupiter Resources completes the acquisition of Encana’s Bighorn assets

CALGARY, Sept. 30, 2014 /PRNewswire/ – Jupiter Resources Inc. (“Jupiter Resources”) announced today that it has successfully completed the acquisition of Encana’s Bighorn assets in the Alberta Deep Basin for CAD$2.0 billion (before closing adjustments). The Bighorn acquisition was originally announced on June 26, 2014.

Jupiter Resources
Jupiter Resources is a private oil and gas exploration and production company focused on liquids-rich natural gas properties in Western Canada. Jupiter Resources is headquartered in Calgary, Alberta.

SOURCE Jupiter Resources Inc.

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