Raging River Exploration and Baytex Energy Announce $5 Billion Merger

Paul, Weiss is representing Canadian oil producer Raging River Exploration Inc. in its merger with Baytex Energy Corp., another Canadian oil producer, for a combined enterprise value of approximately $5 billion. The transaction will be executed via a plan of arrangement under Alberta’s Business Corporations Act. The deal is expected to close in August 2018, subject to shareholder and regulatory approvals.

The Paul, Weiss team included corporate partners Andrew Foley and Ted Maynard; and antitrust counsel Marta Kelly.