M&A Deal Summary |
|
|---|---|
| Date | 2018-09-13 |
| Target | Marquee Energy |
| Sector | Oil/Gas Exploration |
| Buyer(s) | Prairie Provident |
| Deal Type | Add-on Acquisition |
| Deal Value | 55M CAD |
| Advisor(s) | GMP Securities LP (Financial) DLA Piper (Legal) |
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| Category | Company |
|---|---|
| Founded | 2016 |
| Sector | Oil/Gas Exploration |
| Employees | 32 |
| Revenue | 121M CAD (2022) |
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, 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 (2018) | 1 of 1 |
