Talisman Energy Inc. is drilling horizontal oil wells and directional gas wells like crazy in Western Canada.
What's more, through a pending acquisition of Bow Valley Energy Inc., Talisman is likely to become the third-largest gas producer in that country.
And as if that weren't enough, the Calgary, Alberta-based company, which was spun off as a separate entity by British Petroleum Co. several years ago, will launch into the international arena through the C$1.8 billion (about US$1.3 billion) buyout of Bow Valley, which has oil and gas projects in the North Sea and Southeast Asia.
The Bow Valley buyout offer, announced in May, is subject to shareholder and court approval. Bow Valley has scheduled a special shareholder meeting on Aug. 5 to approve the sale. Court approval also is expected on or near …