Prairie Provident - M&A Summary and Business Overview

Oil/gas ExplorationCompany

Prairie Provident M&A Summary

Prairie Provident has acquired 1 company.

Prairie Provident’s largest acquisition to date was in 2018, when it acquired Marquee Energy for $42M. The Company’s most targeted sectors include oil/gas exploration (100%).

Prairie Provident Business Overview

Where is Prairie Provident headquartered?

Prairie Provident is headquartered in Calgary, Alberta.

What is Prairie Provident’s revenue?

Prairie Provident disclosed revenue of 80M CAD for 2023 and 121M CAD for 2022.

How many employees does Prairie Provident have?

Prairie Provident has 20 employees.

What sector is Prairie Provident in?

Prairie Provident is an oil/gas exploration company.

When was Prairie Provident founded?

Prairie Provident was founded in 2016.

M&A Summary

  • M&A Total Activity1
    • M&A Buy Activity1
  • Total Sectors Invested 1
  • Total Countries Invested 1
  • M&A Advisors 2

Prairie Provident

Prairie Provident Resources, Inc.

640 - 5th Avenue SW, Suite 1100,
Calgary, Alberta T2P 3G4
Canada,
(403) 292-8000
www.ppr.ca

Prairie Provident is a Calgary-based company engaged in the exploration and development of oil and natural gas properties in Alberta. The Company’s strategy is to grow organically in combination with accretive acquisitions of conventional oil prospects, which can be efficiently developed. Prairie Provident’s operations are primarily focused at Wheatland and Princess in Southern Alberta targeting the Ellerslie and the Lithic Glauconite formations, along with an early stage waterflood project at Evi in the Peace River Arch. Prairie Provident protects its balance sheet through an active hedging program and manages risk by allocating capital to opportunities offering maximum shareholder returns. Prairie Provident was founded in 2016 and is based in Calgary, Alberta.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.0/yr) # 1 - - - - - 1
vol $42M $42M
Sell (0.0/yr) # - - - - - - 0
  1

Most Recent M&A

Company Date Value Type
Marquee Energy Ltd. 2018-09-13 42M CAD Add-on Acquisition
Calgary, Alberta · www.marquee-energy.com
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Oil/Gas Exploration 1 (100%) 42M (100%) - -
Total 1 $42M - -

By Geo

State/Country Buy Value Sell Value
Canada 1 42M - -
  Alberta 1 42M - -
Total 1 $42M - -

Top M&A Advisors

Financial Deals
Cormark Securities, Inc.
 1
Legal Deals
Bennett Jones
 1

Deal Values

buy # Total
< $100M 1 $42M
TOTAL $42M
Largest Marquee Energy Ltd.
$42M (2018-09-13)

Company Summary

SECTOR

Oil/Gas Exploration

Revenue

80   34% 2023
121   45% 2022
84   62% 2021
52   47% 2020
98   2019
84   62% 2017
52   6% 2016
55   53% 2015
117   20% 2014
98   2013
(millions of CAD) Show More Show Less

Employees

20

Established

2016

Public

Toronto (TSX): PPR

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