M&A Deal Summary

Baytex Energy Acquires Burmis Energy

On June 4, 2008, Baytex Energy acquired oil/gas exploration company Burmis Energy for 186M USD

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

M&A Deal Summary
Date 2008-06-04
Target Burmis Energy
Sector Oil/Gas Exploration
Buyer(s) Baytex Energy
Deal Type Add-on Acquisition
Deal Value 186M USD
Advisor(s) FirstEnergy Capital Corp. (Financial)

Target

Burmis Energy

Calgary, Alberta, Canada
Burmis Energy, Inc. is a provider of oil/gas exploration services canada.

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Buyer(S) 1

Buyer

Baytex Energy

Calgary, Alberta, Canada
Category Company
Founded 1993
Sector Oil/Gas Exploration
Employees231
Revenue 3.4B CAD (2023)
DESCRIPTION

Baytex Energy is a dividend-paying oil and gas corporation. The company is engaged in the acquisition, development and production of crude oil and natural gas in the Western Canadian Sedimentary Basin and in the Eagle Ford in the United States. Baytex Energy was incorporated in 1993 and is based in Calgary, Canada.

DEAL STATS #
Overall 1 of 2
Sector (Oil/Gas Exploration) 1 of 2
Type (Add-on Acquisition) 1 of 1
State (Alberta) 1 of 2
Country (Canada) 1 of 2
Year (2008) 1 of 1
Size (of disclosed) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-07-31 Baytex Energy - North Dakota Assets

North Dakota, United States

Baytex Energy - North Dakota Assets inlcudes 126 drilling spacing units.

Sell $331M
Mergr

Product

Company

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