M&A Deal Summary

Tamarack Valley Energy Acquires Deltastream Energy

On September 12, 2022, Tamarack Valley Energy acquired oil/gas exploration company Deltastream Energy for 1.4B USD

Acquisition Highlights
  • This is Tamarack Valley Energy’s 7th transaction in the Oil/Gas Exploration sector.
  • This is Tamarack Valley Energy’s largest (disclosed) transaction.
  • This is Tamarack Valley Energy’s 7th transaction in Canada.
  • This is Tamarack Valley Energy’s 7th transaction in Alberta.

M&A Deal Summary

Date 2022-09-12
Target Deltastream Energy
Sector Oil/Gas Exploration
Buyer(s) Tamarack Valley Energy
Deal Type Add-on Acquisition
Deal Value 1.4B USD
Advisor(s) Tudor, Pickering, Holt & Co., LLC
National Bank Financial (Financial)
Norton Rose Fulbright (Legal)

Target

Deltastream Energy

Calgary, Alberta, Canada
website
Deltastream Energy is an oil and gas exploration company. Deltastream Energy is based in Calgary, Alberta.

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Buyer(S) 1

Buyer

Tamarack Valley Energy

Calgary, Alberta, Canada

website


Category Company
Sector Oil/Gas Exploration
Employees50
Revenue 1.5B CAD (2022)
DESCRIPTION

Tamarack Valley Energy is an oil and gas company involved in the identification, evaluation and operation of resource plays in the Western Canadian sedimentary basin. Tamarack Valley Energy is based in Calgary, Alberta.


DEAL STATS #
Overall 7 of 7
Sector (Oil/Gas Exploration) 7 of 7
Type (Add-on Acquisition) 7 of 7
State (Alberta) 7 of 7
Country (Canada) 7 of 7
Year (2022) 2 of 2
Size (of disclosed) 1 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-06-10 Rolling Hills

Calgary, Alberta, Canada

Rolling Hills is a Canadian junior oil and gas company engaged in the exploration and development of oil resources. Rolling Hills was formed in 2014 and is based in Calgary, Alberta.

Buy $47M