Tamarack Valley Energy Acquires Crestwynd Exploration Ltd.
February 15, 2022
Tamarack Valley Energy Ltd. completed the acquisition of privately held Crestwynd Exploration Ltd., a Clearwater-focused oil producer, by purchasing all issued and outstanding shares for 26.3 million Tamarack common shares and $92 million in cash. The deal makes Tamarack the largest operator in the Southern Clearwater with the acquired assets forecasted to produce ~4,500 boe/d.
- Buyers
- Tamarack Valley Energy Ltd.
- Targets
- Crestwynd Exploration Ltd.
- Industry
- Oil & Gas
- Location
- Alberta, Canada
- Transaction Type
- Buyout
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