M&A Deal Summary

Twin Butte Acquires Emerge Oil & Gas

On January 9, 2012, Twin Butte acquired oil/gas exploration company Emerge Oil & Gas for 170M USD

Acquisition Highlights
  • This is Twin Butte’s 1st transaction in the Oil/Gas Exploration sector.
  • This is Twin Butte’s 2nd largest (disclosed) transaction.
  • This is Twin Butte’s 1st transaction in Canada.
  • This is Twin Butte’s 1st transaction in Alberta.

M&A Deal Summary
Date 2012-01-09
Target Emerge Oil & Gas
Sector Oil/Gas Exploration
Buyer(s) Twin Butte
Deal Type Add-on Acquisition
Deal Value 170M USD
Advisor(s) Peters & Co. Ltd. (Financial)

Target

Emerge Oil & Gas

Calgary, Alberta, Canada
Emerge Oil & Gas, Inc. engages in the acquisition, exploration, development, and production of oil and natural gas reserves in western Canada.

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Buyer(S) 1

Buyer

Twin Butte

Calgary, Alberta, Canada
Category Company
Founded 2006
Sector Oil/Gas Exploration
Employees95
Revenue 241M CAD (2015)
DESCRIPTION

Twin Butte is an intermediate oil & gas company. Twin Butte Energy Ltd. was founded in 2006 and is headquartered in Calgary, Canada. Twin Butte was founded in 2006 and is based in Calgary, Canada.

DEAL STATS #
Overall 1 of 3
Sector (Oil/Gas Exploration) 1 of 2
Type (Add-on Acquisition) 1 of 3
State (Alberta) 1 of 3
Country (Canada) 1 of 3
Year (2012) 1 of 2
Size (of disclosed) 2 of 3
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-11-01 Waseca Energy

Lloydminster, Alberta, Canada

Waseca is a private company with operations focused in the Lloydminster heavy-oil play. The Waseca technical team previously worked together at Husky Oil Ltd.’s heavy oil operations and at North American Oil Sands.

Buy $127M
Mergr

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