M&A Deal Summary

Crescent Point Energy Acquires Polar Star - Saskatchewan Viking oil assets

On June 12, 2014, Crescent Point Energy acquired oil/gas exploration company Polar Star - Saskatchewan Viking oil assets from Polar Star Canadian Oil and Gas for 334M USD

Acquisition Highlights
  • This is Crescent Point Energy’s 12th transaction in the Oil/Gas Exploration sector.
  • This is Crescent Point Energy’s 9th largest (disclosed) transaction.
  • This is Crescent Point Energy’s 12th transaction in Canada.
  • This is Crescent Point Energy’s 1st transaction in Saskatchewan.

M&A Deal Summary
Date 2014-06-12
Target Polar Star - Saskatchewan Viking oil assets
Sector Oil/Gas Exploration
Buyer(s) Crescent Point Energy
Sellers(s) Polar Star Canadian Oil and Gas
Deal Type Divestiture
Deal Value 334M USD

Target

Polar Star - Saskatchewan Viking oil assets

Saskatchewan, Canada
The Viking Assets include all of Polar Star's assets in the Viking play at Dodsland, Saskatchewan.

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Buyer(S) 1

Buyer

Crescent Point Energy

Calgary, Alberta, Canada
Category Company
Sector Oil/Gas Exploration
Employees781
DESCRIPTION

Crescent Point Energy Corp. is a oil and gas producer with assets strategically focused in properties comprised of high-quality, long-life, operated light and medium crude oil and natural gas reserves in western Canada.

DEAL STATS #
Overall 13 of 16
Sector (Oil/Gas Exploration) 12 of 15
Type (Divestiture) 1 of 2
State (Saskatchewan) 1 of 1
Country (Canada) 12 of 14
Year (2014) 2 of 3
Size (of disclosed) 9 of 14
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-04-23 CanEra Energy

Calgary, Alberta, Canada

CanEra Energy Corporation is an oil and gas exploration and production company with a focus in the Western Canadian Sedimentary Basin.

Buy CA$1.1B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-08-13 T.Bird Oil

Estevan, Canada

Buy $88M

Seller(S) 1

SELLER

Polar Star Canadian Oil and Gas

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

Polar Star Canadian Oil and Gas, Inc. is a provider of oil/gas exploration services. the company has assets and production across Western Canada and its Core operating areas are in the Peace River Arch of Alberta, and at Conroy, British Columbia. Polar Star is an indirectly wholly owned subsidiary of Teachers Insurance and Annuity Association of America ("TIAA"). College Retirement Equities Fund ("CREF") is a companion organization to TIAA and a SEC registered Investment Company.

DEAL STATS #
Overall 1 of 1
Sector (Oil/Gas Exploration) 1 of 1
Type (Divestiture) 1 of 1
State (Saskatchewan) 1 of 1
Country (Canada) 1 of 1
Year (2014) 1 of 1
Size (of disclosed) 1 of 1
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