Woodsman Energy Acquires Central and Northern Alberta Oil & Gas Assets

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.

Bison Acquires Woody Creek Midstream

October 8, 2020

Energy

Oklahoma City-based water infrastructure operator Bison has acquired Woody Creek Midstream, a water midstream company operating in the SCOOP. The deal brings long-term (15–30 year) water gathering and disposal contracts with Casillas Petroleum Resource Partners, Camino Natural Resources and Paloma Operating Company, expanding Bison's footprint and dedicated acreage across the Anadarko Basin.

Waterous Energy Fund / Strathcona Acquires Caltex Resources Ltd. and Tucker Thermal Oil Property

March 14, 2022

Oil & Gas

Waterous Energy Fund (WEF) closed its fourth capital raise (~C$345 million) to fund the acquisitions of Caltex Resources Ltd. and the Tucker thermal oil property, and amalgamated those assets with Strathcona Resources Ltd. The combined entity will continue as Strathcona Resources (100% owned by WEF and Strathcona employees), creating one of North America’s largest private oil companies with pro forma production of ~110,000 Boe/d and 1.9 billion Boe of proved-plus-probable reserves.

Tamarack Valley Energy Acquires Crestwynd Exploration Ltd.

February 15, 2022

Oil & Gas

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.

Sval Energi Acquires Spirit Energy Norway

May 31, 2022

Oil & Gas

Sval Energi AS has completed the acquisition of Spirit Energy Norway for USD 1,026 million, with the transaction closing on May 31 and a commercial effective date of January 1, 2021. The deal transfers 45 licences (6 operated), including seven producing fields (two operated), and expands Sval Energi's producing asset base and development/exploration opportunities on the Norwegian Continental Shelf.

Sval Energi Acquires Suncor Energy Norge AS and Purchases Equinor Interests on Norwegian Continental Shelf

September 30, 2022

Energy

Privately owned Sval Energi has completed acquisitions that strengthen its portfolio on the Norwegian Continental Shelf, including the purchase of Suncor Energy Norge AS and stakes acquired from Equinor in the Martin Linge Unit and Greater Ekofisk Area. The transactions add roughly 34,000 boe/d of production overall and transfer about 16 Suncor Norway employees to Sval while increasing Sval's reserves and operated positions in multiple fields.