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 838M CAD (2024)
DESCRIPTION

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


DEAL STATS #
Overall 2 of 2
Sector: Oil/Gas Exploration M&A 2 of 2
Type: Add-on Acquisition M&A Deals 2 of 2
State: Alberta M&A 2 of 2
Country: Canada M&A 2 of 2
Year: 2008 M&A 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.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-02-19 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.

Sell $320M