M&A Deal Summary

Canadian Natural Acquires Painted Pony Energy

On August 10, 2020, Canadian Natural acquired oil/gas exploration company Painted Pony Energy

Acquisition Highlights
  • This is Canadian Natural’s 4th transaction in the Oil/Gas Exploration sector.
  • This is Canadian Natural’s 4th transaction in Canada.
  • This is Canadian Natural’s 3rd transaction in Alberta.

M&A Deal Summary
Date 2020-08-10
Target Painted Pony Energy
Sector Oil/Gas Exploration
Buyer(s) Canadian Natural
Deal Type Add-on Acquisition
Advisor(s) Blake, Cassels & Graydon (Legal)

Target

Painted Pony Energy

Calgary, Alberta, Canada
Painted Pony Petroleum is primarily focused on the development of natural gas and natural gas liquids from the Montney formation in northeast British Columbia. Painted Pony Petroleum was formed in 2007 and is based in Calgary, Alberta.

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Buyer(S) 1

Buyer

Canadian Natural

Calgary, Alberta, Canada
Category Company
Founded 1973
Sector Oil/Gas Exploration
Employees10,272
Revenue 40.8B CAD (2023)
DESCRIPTION

Canadian Natural is an independent crude oil and natural gas producers in the world. The Company continually targets cost effective alternatives to develop portfolio of projects and to deliver defined growth plan, thereby creating value for shareholders. Canadian Natural was founded in 1973 and is based in Calgary, Alberta.

DEAL STATS #
Overall 4 of 4
Sector (Oil/Gas Exploration) 4 of 4
Type (Add-on Acquisition) 2 of 2
State (Alberta) 3 of 3
Country (Canada) 4 of 4
Year (2020) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-04-02 Devon Canada - Canadian Conventional Assets

Canada

Devon Canada - Canadian Conventional Assets comprises lands and production located in Western Canada in areas adjacent orproximal to Canadian Natural’s current operations and are high quality, concentrated liquids-rich natural gas weighted assets, with additional light crude oil exposure.

Buy $3.1B
Mergr

Product

Company

Legal