Saturn Oil & Gas Acquires Ridgeback Resources Inc.
February 28, 2023
Saturn Oil & Gas Inc. completed the acquisition of privately held Ridgeback Resources Inc. for approximately C$516 million, using C$475 million cash and ~19.4 million common shares as consideration. The deal adds about 17,000 boe/d of light oil-weighted production (bringing Saturn's target run rate to over 30,000 boe/d), expands its core Saskatchewan and Alberta asset base, and was funded via equity financing and an increased credit facility.
- Buyers
- Saturn Oil & Gas Inc.
- Targets
- Ridgeback Resources Inc.
- Industry
- Oil & Gas
- Location
- Alberta, Canada
- Transaction Type
- Buyout
Explore More
Related Acquisitions
-
Baytex Energy Acquires Ranger Oil Corporation
June 20, 2023
Energy
Baytex Energy Corp. completed the acquisition (the Merger) of Ranger Oil Corporation, materially increasing Baytex's operated footprint in the Eagle Ford and expanding its North American oil-weighted asset base. The transaction enhances Baytex's development inventory and free cash flow profile, enabling increased shareholder returns and the introduction of a dividend.
-
Total Energy (Savanna Australia) Acquires Saxon Energy Services Australia from SLB
March 7, 2024
Energy
Total Energy Services Inc., through its wholly owned subsidiary Savanna Energy Services Pty Ltd., completed the acquisition of Saxon Energy Services Australia Pty Ltd from SLB for US$34.8 million (plus up to US$2.0 million payable on the first anniversary). The deal increases Savanna Australia's land drilling rig fleet to 16 rigs and substantially increases the fleet's depth capacity; the acquisition was funded with cash on hand and existing credit facilities.
-
Kinderhook Industries Acquires Rocky Ridge (RR Manufacturing / Rocky Ridge Transportation)
March 12, 2019
Automotive
Kinderhook Industries acquired RR Manufacturing, LLC and Rocky Ridge Transportation, LLC (together, Rocky Ridge), an OEM-authorized specialty vehicle manufacturer based in Franklin Springs, Georgia. Kinderhook plans to expand Rocky Ridge's product offerings, production and sales capabilities; financial terms were not disclosed and Rocky Ridge's CEO Burl Outlaw remains an ongoing equity investor.
-
RSK Group Acquires Axis Well Technology Group Limited
June 20, 2023
Energy
RSK Group has acquired Axis Well Technology Group Limited from Elysian Capital I LP. Aberdeen-based Axis is the UK’s largest independent well and reservoir consultancy, generating over £24 million of turnover in the year ended January 31, 2023 and employing over 100 specialists; financial terms were not disclosed.
-
Earthstone Energy Acquires Independence Resources Management, LLC
January 7, 2021
Energy
Earthstone Energy, Inc. completed the acquisition of Independence Resources Management, LLC for approximately $182.0 million, consisting of $131.2 million cash and ~12.7 million shares of Earthstone Class A common stock valued at $50.8 million. The deal adds Midland Basin upstream oil and gas assets to Earthstone’s portfolio and expanded Earthstone’s board with the appointment of a Warburg Pincus managing director.
-
EOG Resources Acquires Encino Acquisition Partners
June 3, 2025
Oil & Gas
EOG Resources agreed to acquire Encino Acquisition Partners (EAP) from the Canada Pension Plan Investment Board and Encino Energy for $5.6 billion, a deal expected to close in the second half of 2025. The purchase adds roughly 675,000 net acres and more than 1,000 producing wells in the Utica/Point Pleasant shale, expanding EOG’s footprint to about 1.1 million net acres in the play and creating a third foundational asset alongside its Delaware Basin and Eagle Ford positions.
Track M&A activity that matters to you
Get real-time deal alerts, build buyer lists with AI, and access our full acquisition database. Start your free trial today.