Announced
Financials
Tags
Offshore Drilling and Other Services
Friendly
Pending
oil and gas assets
Majority
Acquisition
Private
Canada
Single Bidder
Domestic
oil fields
Synopsis
Tamarack Valley Energy, an energy company, agreed to acquire Clearwater assets of Highwood Oil, an oil and natural gas producer, for C$74m. "The Assets are complementary to Tamarack's strengths in execution and recovery improvement. The Assets also complement our expanding waterflood production in Veteran and boost the Company's free adjusted funds flow over the next several years," Brian Schmidt, Tamarack President and CEO.
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