Acerta Energy Acquires Hawthorne Energy Light Oil Assets in Alberta Cardium

Acerta Energy Ltd. to Acquire Astara Energy Corp. in Alberta Conventional Oil Assets Deal

August 27, 2026

Oil & Gas

Acerta Energy Ltd. has agreed to acquire Astara Energy Corp. via a plan of arrangement, adding about 5,000 boe/d of operated, liquids-rich production and expected growth to roughly 13,900 boe/d at closing. The transaction values the deal at approximately $127 million (including assumed net debt) and is expected to close in September 2026, subject to court approval and Competition Act clearance.

North Hudson Resource Partners Acquires Hawthorne Energy (HWN)

April 14, 2026

Energy

North Hudson Resource Partners LP (and affiliated funds) acquired Hawthorne Energy LLC, operating in Canada through wholly owned subsidiary HWN Energy Ltd. The deal excludes a subset of HWN’s southern Cardium-focused assets that were spun out prior to close. HWN will continue to be led by its existing management team, including CEO John Oberg and SVP of Engineering Marc Shatzer.

Aurora Energy Research Acquires EDC Associates Ltd. to Expand Alberta Power Market Capabilities

March 16, 2026

IT Services

Aurora Energy Research announced it is acquiring EDC Associates Ltd., an Alberta-focused energy market consultancy. The deal is intended to expand Aurora’s local expertise and market coverage for the Alberta electricity market, including its transition to the Restructured Energy Market (REM) in 2027.

Woodsman Energy Acquires Central and Northern Alberta Oil & Gas Assets

March 28, 2024

Oil & Gas

Woodsman Energy Corp., with financing provided by a fund managed by Westbridge Capital Ltd., closed the acquisition of oil and gas assets in Central and Northern Alberta (Sullivan Lake and Valhalla) on March 28, 2024. The properties add approximately 400 boe/d of production (about 60% oil/NGLs), are >95% working interest and mostly operated, and expand Woodsman's portfolio of long-life, low-decline assets.

TransAlta Acquires Heartland Generation from Energy Capital Partners

November 2, 2023

Energy

TransAlta Corporation entered a definitive agreement to acquire Heartland Generation and affiliated Alberta Power assets from an affiliate of Energy Capital Partners for approximately C$658 million inclusive of assumed debt (C$390 million purchase price plus C$268 million debt). The acquisition adds ~1,844 MW of flexible generation (cogeneration, peaking and gas-fired thermal), is expected to be immediately accretive to cash flow and deliver corporate pre-tax synergies of about C$20 million annually, and supports TransAlta's strategy to expand flexible capacity to meet Alberta's energy transition and reliability needs.

HWN Energy (Hawthorne) Closes Two Asset Acquisitions in Alberta

February 6, 2023

Energy

HWN Energy Ltd., the Canadian subsidiary of Hawthorne Energy, has closed two complementary asset acquisitions in Central and Northern Alberta that increase pro forma production to more than 15,000 boe/d (approximately 50% oil/liquids) and expand its land base to roughly 667,000 net acres. The transactions are backed by investor Carnelian Energy Capital and include substantial infrastructure and a deep inventory of light oil drilling opportunities in the Dunvegan, Cardium and other Cretaceous zones.