Persist Oil & Gas and Dienerian Resources Merge; Siguler Guff Commits C$40M Preferred Equity
September 6, 2023
Persist Oil and Gas and Dienerian Resources completed an all-stock merger that combines Persist's southern Alberta Mannville assets with Dienerian's liquid-rich Montney acreage. Concurrent with the merger, Siguler Guff committed approximately C$40 million of preferred equity to the pro forma company to support accelerated development and scale production.
- Buyers
- Persist Oil and Gas, Inc., Siguler Guff
- Targets
- Dienerian Resources Inc.
- Industry
- Oil & Gas
- Location
- Alberta, Canada
- Transaction Type
- Buyout
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