Tourmaline Oil - M&A Summary and Business Overview

Oil/gas ExplorationCompany

Tourmaline Oil M&A Summary

Tourmaline Oil has acquired 15 companies, including 8 in the last 5 years. A total of 8 acquisitions came from private equity firms.

Tourmaline Oil’s largest acquisition to date was in 2024, when it acquired Crew Energy for $1.3B. The Company’s most targeted sectors include oil/gas exploration (100%).

Tourmaline Oil Business Overview

Where is Tourmaline Oil headquartered?

Tourmaline Oil is headquartered in Calgary, Alberta.

What is Tourmaline Oil’s revenue?

Tourmaline Oil disclosed revenue of 6,242M CAD for 2023 and 8,678M CAD for 2022.

How many employees does Tourmaline Oil have?

Tourmaline Oil has 389 employees.

What sector is Tourmaline Oil in?

Tourmaline Oil is an oil/gas exploration company.

When was Tourmaline Oil founded?

Tourmaline Oil was founded in 2008.

M&A Summary

  • M&A Total Activity11
    • M&A Buy Activity11
  • Total Sectors Invested 1
  • Total Countries Invested 1
  • M&A Buy/Sell Connections 7
  • M&A Advisors 1

Tourmaline Oil

Tourmaline Oil Corp.

250-6th Avenue SW, Suite 2900,
Calgary, Alberta T2P 3H7
Canada,
(403) 266-5992
www.tourmalineoil.com

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.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (1.2/yr) # 5 3 1 1 - 1 11
vol $1.3B $758M $836M $1.3B $4.2B
Sell (0.0/yr) # - - - - - - 0
  11

Most Recent M&A

Company Date Value Type
Crew Energy, Inc. 2024-08-12 1.3B USD Add-on Acquisition
Calgary, Alberta · www.crewenergy.com
Rising Star Resources Ltd. 2022-08-10 - Add-on Acquisition
Calgary, Alberta · www.risingstarresources.com
Black Swan Energy Ltd. 2021-06-11 836M CAD Add-on Acquisition
Calgary, Alberta · www.blackswanenergy.com
Jupiter Resources, Inc. 2020-12-18 630M USD Add-on Acquisition
Calgary, Alberta · www.jupiterresources.com
Modern Resources, Inc. 2020-11-02 109M CAD Add-on Acquisition
Calgary, Alberta · www.modernresources.ca
Chinook Energy, Inc. 2020-02-25 19M CAD Add-on Acquisition
Calgary, Alberta · www.chinookenergyinc.com
Shell Canada Energy - Oil & Gas Properties 2016-10-20 1.0B USD Divestiture
, British Columbia
Santonia Energy, Inc. 2014-03-04 144M CAD Add-on Acquisition
Calgary, Alberta · www.santoniaenergy.com
Huron Energy Corp. 2012-11-30 - Add-on Acquisition
Calgary, Alberta · www.huronenergy.ca
APL Oil & Gas (1998) Ltd. 2012-11-01 84M USD Add-on Acquisition
Calgary, Alberta
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Oil/Gas Exploration 11 (100%) 4.2B (100%) - -
Total 11 $4.2B - -

By Geo

State/Country Buy Value Sell Value
Canada 11 4.2B - -
  Alberta 10 3.1B - -
  British Columbia 1 1.0B - -
Total 11 $4.2B - -

Top M&A Advisors

Legal Deals
Burnet, Duckworth & Palmer
 1

Deal Values

buy # Total
> $1B 2 $2.3B
$100M to $1B 4 $1.7B
< $100M 2 $103M
TOTAL $4.2B
Largest Crew Energy, Inc.
$1.3B (2024-08-12)

M&A Connections

Deals
Acquired from
Investor(s)
36%
4 (36%)
Strategic(s)
9%
1 (9%)

Company Summary

SECTOR

Oil/Gas Exploration

Revenue

6,242   29% 2023
8,678   70% 2022
5,122   139% 2021
2,144   1% 2020
2,137   2% 2019
2,162   14% 2018
1,898   56% 2017
1,219   7% 2016
1,297   5% 2015
1,362   2014
(millions of CAD) Show More Show Less

Employees

389

Established

2008

Public

Toronto (TSX): TOU

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