Announced
Completed
Financials
Tags
Completed
Acquisition
oil exploration and production
Domestic
Single Bidder
Canada
Friendly
Oil: Crude Producers
Majority
Private
Synopsis
Saturn Oil & Gas, a public energy company, completed the acquisition of Ridgeback Resources, a privately held oil and gas producer focused on light oil in Saskatchewan and Alberta, for $525m. "With the closing of the Ridgeback Acquisition, Saturn has diversified its light oil focused production base with a deep and sustainable portfolio of development opportunities. We now have a total inventory of over 940 (gross) booked drilling locations to sustain Saturn's production for over a decade," John Jeffrey, Saturn CEO.
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