NYSE, BTE - Baytex Energy Corp
In May 2001, Baytex acquired all of the issued and outstanding shares of OGY, a
public oil and gas company, the shares of which were listed on the TSX. The
total consideration paid by Baytex for OGY was $50.7 million in cash and 1.2
million Baytex common shares. The operations of OGY concentrated on light oil
and natural gas in central Alberta.
Also in May 2001, Baytex acquired all of the issued and outstanding shares of
Triumph, a public oil and gas company, the shares of which were listed on the
TSX. The total consideration paid for Triumph was $82.3 million in cash and 4.9
million Baytex common shares. The operations of Triumph were focused on the
exploration and development of natural gas in Central Alberta and light oil and
natural gas in East Central and Southern Alberta. ...
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