M&A Deal Summary

Emerge Oil & Gas Acquires Provident Energy Trust

On November 30, 2009, Emerge Oil & Gas acquired oil/gas exploration company Provident Energy Trust for 87M USD

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

M&A Deal Summary
Date 2009-11-30
Target Provident Energy Trust
Sector Oil/Gas Exploration
Buyer(s) Emerge Oil & Gas
Deal Type Add-on Acquisition
Deal Value 87M USD

Target

Provident Energy Trust

Alberta, Canada
Provident Energy Trust is a provider of Oil and Natural Gas Assets in Lloydminster Area.

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Buyer(S) 1

Buyer

Emerge Oil & Gas

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

Emerge Oil & Gas, Inc. engages in the acquisition, exploration, development, and production of oil and natural gas reserves in western Canada.

DEAL STATS #
Overall 1 of 1
Sector (Oil/Gas Exploration) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Alberta) 1 of 1
Country (Canada) 1 of 1
Year (2009) 1 of 1
Size (of disclosed) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-09-30 Emerge Oil & Gas - Silverdale Crude Oil and Emulsion Facility

Lloydminster, Alberta, Canada

Emerge Oil & Gas - Silverdale Crude Oil and Emulsion Facility comprises crude oil unload risers, tankage, two heavy oil treaters, two disposal wells, and a connected pipeline. The asset is located in Lloydminster, Canada.

Sell $18M
Mergr

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