M&A Deal Summary

Parallax Energy Acquires Tidewater s Sylvan Lake Gas Processing Facility

On October 21, 2025, Parallax Energy acquired oil/gas exploration company Tidewater s Sylvan Lake Gas Processing Facility from Tidewater for 6M CAD

Acquisition Highlights
  • This is Parallax Energy’s 2nd transaction in the Oil/Gas Exploration sector.
  • This is Parallax Energy’s 0th largest (disclosed) transaction.
  • This is Parallax Energy’s 2nd transaction in Canada.
  • This is Parallax Energy’s 2nd transaction in Alberta.

M&A Deal Summary

Date 2025-10-21
Target Tidewater s Sylvan Lake Gas Processing Facility
Sector Oil/Gas Exploration
Buyer(s) Parallax Energy
Sellers(s) Tidewater
Deal Type Divestiture
Deal Value 6M CAD

Target

Tidewater s Sylvan Lake Gas Processing Facility

Alberta, Canada
Tidewater's Sylvan Lake Gas Processing Facility is a natural gas plant with associated gathering infrastructure. Tidewater's Sylvan Lake Gas Processing Facility is based in Alberta, Canada.

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Buyer(S) 1

Buyer

Parallax Energy

Calgary, Alberta, Canada

Category Company
Sector Oil/Gas Exploration
DESCRIPTION

Parallax Energy is an exploration & production company focused on acquiring and developing high-quality assets in the Western Canadian Sedimentary Basin. Parallax Energy is based in Calgary, Alberta.


DEAL STATS #
Overall 2 of 2
Sector: Oil/Gas Exploration M&A 2 of 2
Type: Divestiture M&A Deals 1 of 1
State: Alberta M&A 2 of 2
Country: Canada M&A 2 of 2
Year: 2025 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-12-04 Vesta Energy

Calgary, Alberta, Canada

Vesta Energy is a private junior oil and gas company with a focus on drilling light oil and liquids-rich prospects from the Mannville Group in central Alberta. Vesta Energy is based in Calgary, Alberta.

Buy -

Seller(S) 1

SELLER

Tidewater

Calgary, Alberta, Canada

Category Company
Founded 2015
Sector Oil/Gas Exploration
Employees360
Revenue 1.6B CAD (2024)
DESCRIPTION

Tidewater is a diversified midstream and energy infrastructure business with transmission, transportation, processing, marketing, and terminalling assets across Alberta and B.C. Tidewater provides solutions to upstream oil and gas producers to efficiently and sustainably get their products to market using Tidewater’s unique and integrated asset base. Tidewater was founded in 2015 and is based in Calgary, Alberta.


DEAL STATS #
Overall 3 of 3
Sector: Oil/Gas Exploration M&A 1 of 1
Type: Divestiture M&A Deals 3 of 3
State: Alberta M&A 3 of 3
Country: Canada M&A 3 of 3
Year: 2025 M&A 1 of 1
Size (of disclosed) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2025-05-06 Pembina s Western Pipeline System

Taylor, British Columbia, Canada

Pembina's Western Pipeline System is an approximately 377 km crude oil pipeline. Pembina's Western Pipeline System is based in Taylor, British Columbia.

Buy $1M