Bow Valley Industries
From Wikipedia, the free encyclopedia
 | |
| Formerly | Hi-Tower Drilling |
|---|---|
| Founded | 1 May 1962 |
| Defunct | 1 October 1995 |
| Fate | Acquired by Talisman Energy |
| Headquarters | Bradie Building, |
Bow Valley Industries Ltd. was a Canadian energy company that existed from 1962 to 1995. Bow Valley grew to become one of Canada's largest oil and gas producers.[1] It had significant reserves in Canada, the North Sea, and Indonesia. Bow Valley, which was one of a small number of Canadian concerns to participate in the development of the North Sea, had a significant share in the Brae oilfield. In 1987, British Gas acquired a majority stake in the company and made a major investment in its growth.[2] The company was renamed Bow Valley Energy Inc. in May 1993.[3] In March 1994, British Gas announced its 53 per cent share in the company was for sale.[4] In May of that year, Talisman Energy, also of Calgary, agreed to purchase the shares from British Gas,[5] and then that summer acquired the remaining minority shares in the company.[6] Bow Valley's operations were integrated into Talisman's through late 1994 and early 1995, and the company was dissolved in October 1995.
