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CS - Paramount acquires US-based Koch’s oil sands licenses - August 2019
Paramount Resources Ltd., through its subsidiary Cavalier Energy, acquired Alberta oil sands assets from US-based Koch Industries for an undisclosed amount. Koch also abandoned the licenses it did not divest and has been allowing its oil sands leases to expire. This means the company has made a complete exit from the oil sands, marking the latest instance of a multinational firm bidding farewell to the Canadian upstream sector. Koch Industries, led by brothers Charles......
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