Tourmaline Oil - M&A Summary and Business Overview

Oil/gas ExplorationCompany

Tourmaline Oil M&A Summary

Tourmaline Oil has acquired 14 companies, including 7 in the last 5 years. A total of 8 acquisitions came from private equity firms.

Tourmaline Oil’s largest acquisition to date was in 2016, when it acquired Shell Canada Energy - Oil & Gas Properties for $1.0B. 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 8,678M CAD for 2022 and 5,122M CAD for 2021.

How many employees does Tourmaline Oil have?

Tourmaline Oil has 296 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 Activity10
    • M&A Buy Activity10
  • 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 (1.0/yr) # 5 3 1 1 - - 10
vol $1.3B $758M $836M $2.9B
Sell (0.0/yr) # - - - - - - 0
  10

Most Recent M&A

Company Date Value Type
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
Cinch Energy Corp. 2011-07-11 - Add-on Acquisition
Calgary, Alberta
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Oil/Gas Exploration 10 (100%) 2.9B (100%) - -
Total 10 $2.9B - -

By Geo

State/Country Buy Value Sell Value
Canada 10 2.9B - -
  Alberta 9 1.8B - -
  British Columbia 1 1.0B - -
Total 10 $2.9B - -

Top M&A Advisors

Legal Deals
Burnet, Duckworth & Palmer LLP
 1

Deal Values

buy # Total
> $1B 1 $1.0B
$100M to $1B 4 $1.7B
< $100M 2 $103M
TOTAL $2.9B
Largest Shell Canada Energy - Oil & Gas Properties
$1.0B (2016-10-20)

M&A Connections

Deals
Acquired from
Investor(s)
40%
4 (40%)
Strategic(s)
10%
1 (10%)

Company Summary

SECTOR

Oil/Gas Exploration

Revenue

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

296

Established

2008

Public

Toronto (TSX): TOU

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