M&A Deal Summary

Baytex Energy Acquires Raging River Exploration

On June 18, 2018, Baytex Energy acquired oil/gas exploration company Raging River Exploration

Acquisition Highlights
  • This is Baytex Energy’s 2nd transaction in the Oil/Gas Exploration sector.
  • This is Baytex Energy’s 2nd transaction in Canada.
  • This is Baytex Energy’s 2nd transaction in Alberta.

M&A Deal Summary
Date 2018-06-18
Target Raging River Exploration
Sector Oil/Gas Exploration
Buyer(s) Baytex Energy
Deal Type Merger
Advisor(s) FirstEnergy Capital Corp. (Financial)
Burnet, Duckworth & Palmer LLP (Legal)

Target

Raging River Exploration

Calgary, Alberta, Canada
website
Raging River Exploration, Inc. is a junior oil and gas producer currently focused in the Kindersley area of Saskatchewan. The company was incorporated in 2011 and is headquartered in Calgary, Canada.

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Buyer(S) 1

Buyer

Baytex Energy

Calgary, Alberta, Canada

website

Category Company
Founded 1993
Sector Oil/Gas Exploration
Employees231
Revenue 1.9B CAD (2021)
DESCRIPTION

Baytex Energy is a dividend-paying oil and gas corporation. The company is engaged in the acquisition, development and production of crude oil and natural gas in the Western Canadian Sedimentary Basin and in the Eagle Ford in the United States. Baytex Energy was incorporated in 1993 and is based in Calgary, Canada.

DEAL STATS #
Overall 2 of 2
Sector (Oil/Gas Exploration) 2 of 2
Type (Merger) 1 of 1
State (Alberta) 2 of 2
Country (Canada) 2 of 2
Year (2018) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-07-31 Baytex Energy - North Dakota Assets

North Dakota, United States

Baytex Energy - North Dakota Assets inlcudes 126 drilling spacing units.

Sell $331M
Mergr

Product

Company

Legal