M&A Deal Summary

Steelhead Petroleum Acquires Toro Oil & Gas

On February 1, 2017, Steelhead Petroleum acquired oil/gas exploration company Toro Oil & Gas

Acquisition Highlights
  • This is Steelhead Petroleum’s 1st transaction in the Oil/Gas Exploration sector.
  • This is Steelhead Petroleum’s 1st transaction in Canada.
  • This is Steelhead Petroleum’s 1st transaction in Alberta.

M&A Deal Summary

Date 2017-02-01
Target Toro Oil & Gas
Sector Oil/Gas Exploration
Buyer(s) Steelhead Petroleum
Deal Type Add-on Acquisition

Target

Toro Oil & Gas

Calgary, Alberta, Canada
Toro Oil & Gas Ltd. is a oil and gas energy company. Toro is focused on acquiring, developing and exploiting large oil in place pools within the Alberta-Saskatchewan Viking light oil fairway.

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Buyer(S) 1

Buyer

Steelhead Petroleum

Calgary, Alberta, Canada

Category Company
Founded 2015
Sector Oil/Gas Exploration
DESCRIPTION

Steelhead Petroleum Ltd. is a private oil and gas exploration and production company looking to acquire an established conventional oil platform. Through implementing best-in-class operating practices, Steelhead will achieve excellent financial results and environmental leadership. Steelhead Petroleum was formed in 2015 and is based in Calgary, Alberta.


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 (2017) 1 of 1