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M&A Deal Summary

InPlay Oil Acquires Obsidian Energy - Operated Pembina Assets

On February 19, 2025, InPlay Oil acquired oil/gas exploration company Obsidian Energy - Operated Pembina Assets from Obsidian Energy for 320M USD

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

M&A Deal Summary
Date 2025-02-19
Target Obsidian Energy - Operated Pembina Assets
Sector Oil/Gas Exploration
Buyer(s) InPlay Oil
Sellers(s) Obsidian Energy
Deal Type Divestiture
Deal Value 320M USD

Target

Obsidian Energy - Operated Pembina Assets

Calgary, Alberta, Canada
Obsidian Energy's Operated Pembina Assets include 498 net sections of lands in the Pembina area of Central Alberta, including associated facilities and gathering systems. Obsidian Energy's Operated Pembina Assets are based in Calgary, Alberta.

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Buyer(S) 1

Buyer

InPlay Oil

Calgary, Alberta, Canada
Category Company
Founded 2012
Sector Oil/Gas Exploration
Revenue 154M CAD (2024)
DESCRIPTION

InPlay Oil is a growth-oriented light oil development and production company. InPlay Oil was founded in 2012 and is based in Calgary, Alberta.

DEAL STATS #
Overall 1 of 1
Sector (Oil/Gas Exploration) 1 of 1
Type (Divestiture) 1 of 1
State (Alberta) 1 of 1
Country (Canada) 1 of 1
Year (2025) 1 of 1
Size (of disclosed) 1 of 1

Seller(S) 1

SELLER

Obsidian Energy

Calgary, Alberta, Canada
Category Company
Founded 1979
Sector Oil/Gas Exploration
Employees198
Revenue 751M CAD (2023)
DESCRIPTION

Obsidian Energy is a conventional oil and natural gas producers in Canada. Obsidian Energy was founded in 1979 and is based in Calgary, Canada.

DEAL STATS #
Overall 1 of 1
Sector (Oil/Gas Exploration) 1 of 1
Type (Divestiture) 1 of 1
State (Alberta) 1 of 1
Country (Canada) 1 of 1
Year (2025) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-07-01 Endev Energy

Calgary, Alberta, Canada

Endev Energy, Inc. is a provider of oil and gas exploration services in canada.

Buy $170M
Mergr

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