Canadian E&P Companies Active On The M&A Front In The U.S.

The highest value transaction to date, and making up the bulk of the total transaction value in the second quarter of 2023, is ConocoPhillips’ pending acquisition of the remaining 50 per cent interest in the Surmont oilsands project held by TotalEnergies EP Canada Ltd. for a cash payment of approximately $4.0 billion on closing and additional contingent payments of up to $440.0 million.

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