Announced
Financials
Tags
Pending
Integrated Oil and Gas
Domestic
oil and gas exploration
Single Bidder
oil and gas company
Acquisition
Majority
Private
Friendly
Canada
Synopsis
Tamarack Valley Energy, an oil and gas exploration and production company, agreed to acquire Crestwynd Exploration, a privately held pure play Clearwater oil producer, for $185m. "The acquisition further establishes Tamarack as a leading operator in the highly economic Clearwater oil play. Acquiring high quality assets with significant free funds flow where we can leverage our operational and technical expertise is a core principle of Tamarack's returns focused strategy. In addition, Tamarack's transition to the SLL Facility demonstrates our commitment to responsible development," Brian Schmidt, Tamarack President and CEO.
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