Waterous Energy Fund-backed Strathcona Resources completed the acquisition of Caltex Resources and Tucker thermal oil property.

Waterous Energy Fund-backed Strathcona Resources, an oil and gas producer, completed the acquisition of Caltex Resources, an exploration and production company, and Tucker thermal oil property. “Caltex and Tucker fit perfectly within Strathcona’s core areas and enhance Strathcona’s free cash flow generation. We believe that Strathcona has become a unique oil and gas company with a concentrated portfolio of low-cost oil and gas assets, integrated operations, a long reserve life index, a deep inventory of organic growth opportunities, and the ability to pay dividends to shareholders over the long-term,” Adam Waterous, Waterous Energy Fund CEO.