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 | 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 (2023) | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2021-11-30 |
Caltex Resources
Calgary, Alberta, Canada Caltex Resources is a private oil & gas company focused on the exploration, development, and acquisition of heavy oil properties in western Saskatchewan and eastern Alberta. Caltex Resources was formed in 2011 and is based in Calgary, Alberta. |
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