Baytex Energy Acquires Ranger Oil Corporation
June 20, 2023
Baytex Energy Corp. completed the acquisition (the Merger) of Ranger Oil Corporation, materially increasing Baytex's operated footprint in the Eagle Ford and expanding its North American oil-weighted asset base. The transaction enhances Baytex's development inventory and free cash flow profile, enabling increased shareholder returns and the introduction of a dividend.
- Buyers
- Baytex Energy Corp.
- Targets
- Ranger Oil Corporation
- Sellers
- Ranger Oil Corporation shareholders
- Industry
- Energy
- Location
- Texas, United States
- Transaction Type
- Buyout
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