Tamarack Valley Energy completed the acquisition of Anegada Oil for $494m.

Tamarack Valley Energy, an oil and gas exploration and production company, completed the acquisition of Anegada Oil, a light-oil producer, for $494m. "Our shareholders indicated a desire to be a part of a larger high-quality entity with greater free cash flow. We see the combination of the Clearwater and Charlie Lake oil plays providing Tamarack with top decile inventory with significant free cash flow growth and yield potential," M. Brandon Swertz, Anegada President & CEO.