M&A Deal Summary

Tourmaline Oil Acquires Rising Star

On August 10, 2022, Tourmaline Oil acquired oil/gas exploration company Rising Star

Acquisition Highlights
  • This is Tourmaline Oil’s 10th transaction in the Oil/Gas Exploration sector.
  • This is Tourmaline Oil’s 10th transaction in Canada.
  • This is Tourmaline Oil’s 9th transaction in Alberta.

M&A Deal Summary
Date 2022-08-10
Target Rising Star
Sector Oil/Gas Exploration
Buyer(s) Tourmaline Oil
Deal Type Add-on Acquisition

Target

Rising Star

Calgary, Alberta, Canada
website
Rising Star is an oil and gas exploration service provider based in Calgary, Alberta.

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Buyer(S) 1

Buyer

Tourmaline Oil

Calgary, Alberta, Canada

website

Category Company
Founded 2008
Sector Oil/Gas Exploration
Employees296
Revenue 8.7B CAD (2022)
DESCRIPTION

Tourmaline Oil focused on long-term growth through an aggressive exploration, development, production and acquisition program in the Western Canadian Sedimentary Basin. Tourmaline Oil was founded in 2008 and is based in Calgary, Alberta.

DEAL STATS #
Overall 10 of 10
Sector (Oil/Gas Exploration) 10 of 10
Type (Add-on Acquisition) 9 of 9
State (Alberta) 9 of 9
Country (Canada) 10 of 10
Year (2022) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-11 Black Swan Energy

Calgary, Alberta, Canada

Black Swan Energy is an energy company that is actively developing its significant land position in the Montney play in northeast British Columbia. Black Swan Energy was founded in 2010 and is based in Calgary, Alberta.

Buy CA$1.1B
Mergr

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