M&A Deal Summary |
|
|---|---|
| Date | 2023-08-01 |
| Target | Pipestone |
| Sector | Oil/Gas Exploration |
| Buyer(s) | Strathcona Resources |
| Deal Type | Add-on Acquisition |
| Advisor(s) | McCarthy Tétrault (Legal) |
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Strathcona Resources is a private-equity-owned energy company in North America and a consolidator and developer of top decile oil and gas assets. The company is focused on thermal oil, enhanced oil recovery, and condensate-rich Montney. Its operations are located in the Cold Lake oil sands region of Alberta, the heavy oil region of SW Saskatchewan, and the Montney basin spanning west-central Alberta and NE British Columbia. Current production at these operations totals 75,000–80,000 barrels of oil equivalent per day, weighted 75% to liquids and an industry-leading Proven Reserve Life Index given the long-life nature of our assets. Strathcona Resources is based in Calgary, Alberta.
| DEAL STATS | # |
|---|---|
| Overall | 3 of 3 |
| Sector: Oil/Gas Exploration M&A | 3 of 3 |
| Type: Add-on Acquisition M&A Deals | 3 of 3 |
| State: Alberta M&A | 3 of 3 |
| Country: Canada M&A | 3 of 3 |
| Year: 2023 M&A | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2022-08-03 |
Serafina Energy
Calgary, Alberta, Canada Serafina Energy is a thermal heavy oil company focused on capturing and exploiting projects in the thermal heavy oil belt of Saskatchewan. Serafina Energy was founded in 2013 and is based in Calgary, Alberta. |
Buy | CA$2.3B |
