Black Rock Petroleum, an oil and gas exploration-stage business, agreed to acquire Caledonian Midstream, an Alberta-based owner and operator of 14 producing liquids-rich natural gas wells. Financial terms were not disclosed. "Caledonian Midstream is a great fit for Black Rock. Demand for natural gas continues to grow, in Alberta and across North America, and the Quirk Creek property is perfectly situated to service those markets. Current production levels are good, but our engineers have looked at the property’s historical production records and analysed recent reserve evaluations, and I am confident we have the expertise, technology and resources to materially increase production and, in turn, the cash flow of the site," Zoltan Nagy, Black Rock CEO.