Alberta Energy Company

Alberta Energy Company was a Canadian oil and natural gas company based in Alberta. It was established by the Government of Alberta in 1973 and was privatized in the mid-1970s, becoming a publicly traded energy company. Its activities were focused mainly on upstream oil and natural-gas exploration and production. In 2002, Alberta Energy Company merged with PanCanadian Petroleum to create EnCana, after which the former company ceased operating as an independent corporate entity and brand. Information on its detailed asset portfolio, executive history, and marketing activities is not expanded here because reliable source material is limited.

Alberta Energy Company was established by the Government of Alberta in 1973 to participate in and support the province's oil and natural-gas sector. It was privatized in the mid-1970s and subsequently operated as a commercial energy company, developing upstream exploration, development, and production activities in the Western Canadian Sedimentary Basin. Its principal commodities were crude oil and natural gas. In 2002, Alberta Energy Company merged with PanCanadian Petroleum to create EnCana. The transaction ended Alberta Energy Company's operation as an independent company, with its assets, activities, and organization incorporated into the new company. Because reliable public material is limited, this entry does not infer specific projects, executive appointments, or financial results.

• 2002

  Merger with PanCanadian Petroleum

  [1]EnCanaen.wikipedia.org

  Alberta Energy Company merged with PanCanadian Petroleum to form EnCana, and the original company ceased to operate independently.

• 1975

  Privatization Completed

  [1]EnCanaen.wikipedia.org

  The company was privatized in the mid-1970s and became a commercial energy enterprise.

• 1973

  Company Establishment

  [1]EnCanaen.wikipedia.org

  The Government of Alberta established Alberta Energy Company to participate in the province's oil and gas industry.

Canadian upstream oil and gas company

• Energy products

  Crude oil

  Crude oil was one of the principal energy commodities associated with Alberta Energy Company's upstream exploration, development, and production activities.

• Energy products

  Natural gas

  Natural gas was another major output of the company's upstream energy activities in Western Canada.

• 2002

  Merger with PanCanadian Petroleum to Form EnCanaM&A

  Background

  The Canadian energy industry saw a trend of consolidation among large companies, and the two energy firms decided to expand their scale through a merger.

  Action taken

  Alberta Energy Company completed the merger with PanCanadian Petroleum to form EnCana.

  Aftermath

  Alberta Energy Company exited the market as an independent entity and brand, with its operations integrated into EnCana.

  Source

1. 1EnCanaen.wikipedia.org