Company News: Pengrowth to buy Canadian assets from Murphy Oil

04/19/2004
Pengrowth Corp. Calgary, administrator of Pengrowth Energy Trust, agreed to acquire oil and natural gas assets in Alberta and Saskatchewan from a subsidiary of Murphy Oil Corp. through a share purchase worth $550 million (Can.).The deal is expected to be completed in late May, with an effective date of Apr. 1.In other recent upstream news:APF Energy Trust, Calgary, agreed to acquire Great Northern Exploration Ltd. for $291 million (Can) plus $56 million of debt. The boards of both companies approved the transaction, which is expected to close in early June.European independent Perenco SA agreed to buy Houston-based Nuevo Energy Co.'s interest in the Marine 1 permit off Congo for $62 m...
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