M&A Deal Summary

Tourmaline Oil Acquires Chinook Energy

On February 25, 2020, Tourmaline Oil acquired oil/gas exploration company Chinook Energy for 24M CAD

Acquisition Highlights
  • This is Tourmaline Oil’s 6th transaction in the Oil/Gas Exploration sector.
  • This is Tourmaline Oil’s 7th largest (disclosed) transaction.
  • This is Tourmaline Oil’s 6th transaction in Canada.
  • This is Tourmaline Oil’s 5th transaction in Alberta.

M&A Deal Summary
Date 2020-02-25
Target Chinook Energy
Sector Oil/Gas Exploration
Buyer(s) Tourmaline Oil
Deal Type Add-on Acquisition
Deal Value 24M CAD

Target

Chinook Energy

Calgary, Alberta, Canada
Chinook Energy is an oil and gas exploration and development company that combines high-quality gas-weighted assets in Western Canada with oil assets onshore and offshore Tunisia in North Africa. Chinook Energy was founded in 2003 and is based in Calgary, Canada.

Search 201,429 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

Tourmaline Oil

Calgary, Alberta, Canada
Category Company
Founded 2008
Sector Oil/Gas Exploration
Employees389
Revenue 6.2B CAD (2023)
DESCRIPTION

Tourmaline Oil focused on long-term growth through an aggressive exploration, development, production and acquisition program in the Western Canadian Sedimentary Basin. Tourmaline Oil was founded in 2008 and is based in Calgary, Alberta.

DEAL STATS #
Overall 6 of 11
Sector (Oil/Gas Exploration) 6 of 11
Type (Add-on Acquisition) 5 of 10
State (Alberta) 5 of 10
Country (Canada) 6 of 11
Year (2020) 1 of 3
Size (of disclosed) 7 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-10-20 Shell Canada Energy - Oil & Gas Properties

British Columbia, Canada

Shell Canada Energy - Oil & Gas Properties includes 61,000 net acres in the Gundy area of Northeast British Columbia, Canada, and 145,000 net acres in the Deep Basin area of West Central Alberta, Canada. The assets are a combination of developed and undeveloped lands, along with related infrastructure, producing 24,850 barrels of oil equivalent per day (boe/d) of dry gas and liquids.

Buy $1.0B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-11-02 Modern Resources

Calgary, Alberta, Canada

Modern Resources is an oil and gas company focused on the pursuit of proved reserve acquisitions. Modern Resources was founded in 2012 and is based in Calgary, Alberta.

Buy CA$144M
Mergr

Product

Company

Legal