Tamarack Valley Energy to acquire Deltastream Energy for $1.1bn.

Tamarack Valley Energy, a firm engaged in the exploration, development, and production of oil and natural gas, agreed to acquire Deltastream Energy, an operator of oil and gas exploration and production company, for $1.1bn. “The acquisition of Deltastream solidifies Tamarack as the largest producer in the Clearwater oil fairway. This transaction builds on the Company’s core position in the Clearwater, which is recognized as North America’s most economic play. Deltastream brings scale and a leading economic development drilling inventory, comprised of high quality, long life assets with low sustaining capital requirements that enhance capital allocation flexibility. This strategic transaction delivers significant accretion to our existing business model and drives increased long-term value creation for our shareholders," Brian Schmidt, Tamarack President & CEO.