M&A Deal Summary

Tamarack Valley Energy Acquires Crestwynd Exploration

On December 15, 2021, Tamarack Valley Energy acquired oil/gas exploration company Crestwynd Exploration for 185M USD

Acquisition Highlights
  • This is Tamarack Valley Energy’s 5th transaction in the Oil/Gas Exploration sector.
  • This is Tamarack Valley Energy’s 3rd largest (disclosed) transaction.
  • This is Tamarack Valley Energy’s 5th transaction in Canada.
  • This is Tamarack Valley Energy’s 5th transaction in Alberta.

M&A Deal Summary
Date 2021-12-15
Target Crestwynd Exploration
Sector Oil/Gas Exploration
Buyer(s) Tamarack Valley Energy
Deal Type Add-on Acquisition
Deal Value 185M USD
Advisor(s) National Bank Financial (Financial)
Burnet, Duckworth & Palmer (Legal)

Target

Crestwynd Exploration

Calgary, Alberta, Canada
Crestwynd Exploration is an owns and operator of producing and non-producing oil and gas assets. Crestwynd Exploration was founded in 2017 and is based in Calgary, Alberta.

Search 201,292 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 1

Buyer

Tamarack Valley Energy

Calgary, Alberta, Canada
Category Company
Founded 2002
Sector Oil/Gas Exploration
Employees107
Revenue 1.7B CAD (2023)
DESCRIPTION

Tamarack Valley Energy is an oil and gas company involved in the identification, evaluation and operation of resource plays in the Western Canadian sedimentary basin. Tamarack Valley Energy was founded in 2002 is based in Calgary, Alberta.

DEAL STATS #
Overall 5 of 7
Sector (Oil/Gas Exploration) 5 of 7
Type (Add-on Acquisition) 5 of 7
State (Alberta) 5 of 7
Country (Canada) 5 of 7
Year (2021) 3 of 3
Size (of disclosed) 3 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-12 Anegada Oil

Calgary, Alberta, Canada

Anegada Oil is an operator of privately held pure-play Charlie Lake light-oil producer. Anegada Oil is based in Calgary, Alberta.

Buy CA$494M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-06-10 Rolling Hills

Calgary, Alberta, Canada

Rolling Hills is a Canadian junior oil and gas company engaged in the exploration and development of oil resources. Rolling Hills was formed in 2014 and is based in Calgary, Alberta.

Buy $47M
Mergr

Product

Company

Legal