M&A Deal Summary

Surge Energy Acquires Fort Calgary Resources - Bakken-Three Forks Assets

On November 1, 2013, Surge Energy acquired oil/gas exploration company Fort Calgary Resources - Bakken-Three Forks Assets from Fort Calgary Resources for 145M USD

Acquisition Highlights
  • This is Surge Energy’s 2nd transaction in the Oil/Gas Exploration sector.
  • This is Surge Energy’s largest (disclosed) transaction.
  • This is Surge Energy’s 3rd transaction in Canada.

M&A Deal Summary

Date 2013-11-01
Target Fort Calgary Resources - Bakken-Three Forks Assets
Sector Oil/Gas Exploration
Buyer(s) Surge Energy
Sellers(s) Fort Calgary Resources
Deal Type Divestiture
Deal Value 145M USD

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Buyer(S) 1

Buyer

Surge Energy

Calgary, Alberta, Canada

Category Company
Sector Oil/Gas Exploration
DESCRIPTION

Surge Energy Inc. was created by the recapitalization of Zapata Energy Corporation, a publicly traded junior oil and gas company listed on the TSX Venture Exchange. The company has operations throughout Alberta and southwest Manitoba.


DEAL STATS #
Overall 3 of 4
Sector (Oil/Gas Exploration) 2 of 3
Type (Divestiture) 1 of 1
Country (Canada) 3 of 3
Year (2013) 2 of 2
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-11-01 Flagstone Energy

Calgary, Alberta, Canada

Flagstone is a tightly-held private company focusing on high-productivity horizontal oil wells in southern Saskatchewan. Flagstone’s management team has a grassroots, drill-bit-driven approach to growth, with unrelenting attention to costs and fundamental project economics. Flagstone’s primary asset is in the Viking oil trend in southern Saskatchewan, where it was one of the earliest companies to pursue the play

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-31 Grenadier Energy Partners II

The Woodlands, Texas, United States

Grenadier Energy Partners II is a private exploration and production company that focuses on a balanced strategy of lease and drill opportunities with significant resource potential, as well as acquisitions with identifiable exploitation and development upside. Grenadier Energy Partners II was founded in 2012 and is based in The Woodlands, Texas.

Buy -

Seller(S) 1

SELLER

Fort Calgary Resources

Calgary, Alberta, Canada

Category Company
Sector Oil/Gas Exploration
DESCRIPTION

Fort Calgary Resources Ltd. is a private oil and gas exploration and production company.


DEAL STATS #
Overall 1 of 1
Sector (Oil/Gas Exploration) 1 of 1
Type (Divestiture) 1 of 1
Country (Canada) 1 of 1
Year (2013) 1 of 1
Size (of disclosed) 1 of 1