M&A Deal Summary

Canadian Natural Acquires Devon Canada - Canadian Conventional Assets

On April 2, 2014, Canadian Natural acquired oil/gas exploration company Devon Canada - Canadian Conventional Assets from Devon Canada for 3.1B USD

Acquisition Highlights
  • This is Canadian Natural’s 3rd transaction in the Oil/Gas Exploration sector.
  • This is Canadian Natural’s largest (disclosed) transaction.
  • This is Canadian Natural’s 3rd transaction in Canada.

M&A Deal Summary
Date 2014-04-02
Target Devon Canada - Canadian Conventional Assets
Sector Oil/Gas Exploration
Buyer(s) Canadian Natural
Sellers(s) Devon Canada
Deal Type Divestiture
Deal Value 3.1B USD

Target

Devon Canada - Canadian Conventional Assets

Canada
Devon Canada - Canadian Conventional Assets comprises lands and production located in Western Canada in areas adjacent orproximal to Canadian Natural’s current operations and are high quality, concentrated liquids-rich natural gas weighted assets, with additional light crude oil exposure.

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Buyer(S) 1

Buyer

Canadian Natural

Calgary, Alberta, Canada

website

Category Company
Founded 1973
Sector Oil/Gas Exploration
Employees9,735
Revenue 32.9B CAD (2021)
DESCRIPTION

Canadian Natural is an independent crude oil and natural gas producers in the world. The Company continually targets cost effective alternatives to develop portfolio of projects and to deliver defined growth plan, thereby creating value for shareholders. Canadian Natural was founded in 1973 and is based in Calgary, Canada.

DEAL STATS #
Overall 3 of 4
Sector (Oil/Gas Exploration) 3 of 4
Type (Divestiture) 2 of 2
Country (Canada) 3 of 4
Year (2014) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-07-23 Barrick Energy

Calgary, Alberta, Canada

Barrick Energy Inc. is a private company engages in oil and gas exploration, development, and production services in Canada.

Buy $173M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-08-10 Painted Pony Energy

Calgary, Alberta, Canada

Painted Pony Petroleum is primarily focused on the development of natural gas and natural gas liquids from the Montney formation in northeast British Columbia. Painted Pony Petroleum was formed in 2007 and is based in Calgary, Alberta.

Buy -

Seller(S) 1

SELLER

Devon Canada

Calgary, Alberta, Canada
Category Company
Founded 1968
Sector Oil/Gas Exploration
Employees854
DESCRIPTION

Devon Canada Corporation engages in acquisition, exploration, development, and production of oil and gas resources.

DEAL STATS #
Overall 1 of 1
Sector (Oil/Gas Exploration) 1 of 1
Type (Divestiture) 1 of 1
Country (Canada) 1 of 1
Year (2014) 1 of 1
Size (of disclosed) 1 of 1
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