Bow Valley Industries
 | |
| 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.
Leadership
[edit]President
[edit]- Daryl Kenneth Seaman, 1 May 1962 – 28 September 1976
- John Richard Harris, 28 September 1976 – 28 February 1981
- Gerald James Maier, 5 April 1982 – 4 September 1985
- Daryl Kenneth Seaman, 4 September 1985 – 31 December 1987
- William Howard Tye, 1 January 1988 – August 1990
- Jerry Raymond Wright, August 1990 – 14 September 1992
- Robert George Welty, 28 September 1992 – August 1994
Chairman of the Board
[edit]- Daryl Kenneth Seaman, 28 September 1976 – 5 May 1992
References
[edit]- ^ Peter Foster, From Rigs to Riches: The Story of Bow Valley Industries, (Collins Publishers, 1985), 12.
- ^ Gordon Jaremko, "British Gas will control Bow Valley," Calgary Herald, (4 August 1987), A1.
- ^ Gordon Jaremko, "Bow Valley name change to reflect focus on energy," Calgary Herald, (8 May 1993), B10.
- ^ Alan Boras, "Major block of Bow Valley for sale," Calgary Herald, (30 March 1994), E2.
- ^ Alan Boras, "Oilpatch giants to merge," Calgary Herald, (18 May 1994), A1.
- ^ Donald Campbell, "Bow Valley staff watch Talisman sharpen guillotine," Calgary Herald, (9 August 1994), C3.
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