.
MergerLinks Header Logo

New Deal


Announced

Completed

Tamarack Valley Energy completed the acquisition of Rolling Hills Energy for $46.5m.

Synopsis

Tamarack Valley Energy, an oil and gas exploration and production company committed to creating long-term value for its shareholders through sustainable free funds flow generation, financial stability and the return of capital, completed the acquisition Rolling Hills Energy, a privately held pure play Clearwater oil producer, for $46.5m. "Tamarack's announcements today are the result of our disciplined focus on sustainable free funds flow growth and accretive acquisitions. Through our strategic focus over the past two years, we have positioned the Company for long-term sustainable free funds flow growth and shareholder returns. The acquisition of Rolling Hills completes the consolidation of our core operating area in the Southern Clearwater, which will allow us to fully optimize development and maximize returns from this area. The Corporate Acquisition coupled with our second strategic Peavine Metis Settlement agreement and additional land sales in the Peavine area will expand our total Clearwater footprint to 593.2 net sections (379,650 net acres)," Brian Schmidt, Tamarack's President and CEO.

Show Details & Financials

Market Context

Search a database of more than 250,000 verified dealmakers

Receive automated updates on global transactions

Follow the activity, relationships and transactions of top dealmakers

No credit card required

© COPYRIGHT 2024 MERGERLINKS LIMITED.

ALL RIGHTS RESERVED.

15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.

CONTACT US