M&A Deal Summary

Obsidian Energy Acquires Endev Energy

On July 1, 2008, Obsidian Energy acquired oil/gas exploration company Endev Energy for 170M USD

Acquisition Highlights
  • This is Obsidian Energy’s 2nd transaction in the Oil/Gas Exploration sector.
  • This is Obsidian Energy’s largest (disclosed) transaction.
  • This is Obsidian Energy’s 2nd transaction in Canada.
  • This is Obsidian Energy’s 2nd transaction in Alberta.

M&A Deal Summary
Date 2008-07-01
Target Endev Energy
Sector Oil/Gas Exploration
Buyer(s) Obsidian Energy
Deal Type Add-on Acquisition
Deal Value 170M USD
Advisor(s) FirstEnergy Capital Corp. (Financial)

Target

Endev Energy

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

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Buyer(S) 1

Buyer

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 2 of 2
Sector (Oil/Gas Exploration) 2 of 2
Type (Add-on Acquisition) 2 of 2
State (Alberta) 2 of 2
Country (Canada) 2 of 2
Year (2008) 2 of 2
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-01-11 Canetic Resources Trust

Calgary, Alberta, Canada

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

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