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  6. Canetic Resources Trust Acquires Titan Exploration

M&A Deal Summary

Canetic Resources Trust Acquires Titan Exploration

On January 1, 2008, Canetic Resources Trust acquired oil/gas exploration company Titan Exploration for 113M USD

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

M&A Deal Summary
Date 2008-01-01
Target Titan Exploration
Sector Oil/Gas Exploration
Buyer(s) Canetic Resources Trust
Deal Type Add-on Acquisition
Deal Value 113M USD
Advisor(s) FirstEnergy Capital Corp. (Financial)

Target

Titan Exploration

Calgary, Alberta, Canada
Titan Exploration Ltd. provides oil and gas exploration services.

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Buyer(S) 1

Buyer

Canetic Resources Trust

Calgary, Alberta, Canada
Category Company
Founded 2001
Sector Oil/Gas Exploration
Employees540
DESCRIPTION

Canetic Resources Trust is a provider of crude oil, natural gas liquids, and natural gas located in Alberta, British Columbia, Saskatchewan, and Manitoba.

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