 | |
| Industry | Petroleum |
|---|---|
| Predecessor | Canadian Pacific Oil and Gas Central-Del Rio Oils |
| Founded | 31 December 1971 |
| Defunct | 4 April 2002 |
| Fate | Merged with the Alberta Energy Company |
| Successor | EnCana |
| Headquarters | PanCanadian Plaza, 150 9 Ave SW, |
PanCanadian Petroleum Limited was a Canadian independent petroleum company that operated between 1971 and 2002. The company was created through the merger of Canadian Pacific Oil and Gas Limited and Central-Del Rio Oils Limited. PanCanadian inherited the freehold mineral rights included in land grants the Canadian Pacific Railway had received in the 1880s, and therefore possessed a massive land base to explore for oil and gas. Through its entire life, PanCanadian was owned approximately 87 percent by the CPR's holding company. In 2002, PanCanadian merged with the Alberta Energy Company to form EnCana, which at the time was the world's largest independent petroleum company.