M&A Deal Summary

NuVista Energy Acquires Rider Resources

On March 1, 2008, NuVista Energy acquired oil/gas exploration company Rider Resources for 586M USD

Acquisition Highlights
  • This is NuVista Energy’s 1st transaction in the Oil/Gas Exploration sector.
  • This is NuVista Energy’s largest (disclosed) transaction.
  • This is NuVista Energy’s 1st transaction in Canada.
  • This is NuVista Energy’s 1st transaction in Alberta.

M&A Deal Summary
Date 2008-03-01
Target Rider Resources
Sector Oil/Gas Exploration
Buyer(s) NuVista Energy
Deal Type Add-on Acquisition
Deal Value 586M USD
Advisor(s) FirstEnergy Capital Corp. (Financial)

Target

Rider Resources

Calgary, Alberta, Canada
website
Rider Resources Ltd. is a provider of oil/gas exploration services in canada.

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Buyer(S) 1

Buyer

NuVista Energy

Calgary, Alberta, Canada

website

Category Company
Founded 2003
Sector Oil/Gas Exploration
Employees84
Revenue 1.7B CAD (2022)
DESCRIPTION

NuVista Energy is an independent oil and natural gas company engaged in the exploration for, and the development, production and acquisition of oil and natural gas reserves in the province of Alberta. NuVista Energy was founded in 2003 and is based in Calgary, Canada.

DEAL STATS #
Overall 1 of 1
Sector (Oil/Gas Exploration) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Alberta) 1 of 1
Country (Canada) 1 of 1
Year (2008) 1 of 1
Size (of disclosed) 1 of 1
Mergr

Product

Company

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