Tracked deals
43
43 tracked deals across 2018-2026.
Who's Buying Oil & Gas Companies in Canada
Buyer mix
Strategic-led
42 strategic · 12 pe
Top trend
Volume peaked in 2026
17 tracked deals announced in 2026.
Primary Insight
What Stands Out
- Tamarack Valley Energy Ltd. and InPlay Oil Corp. appear in multiple transactions focused on operational scale in Alberta.
- Alberta is the primary geography, with deals referencing the Clearwater, Belly River, Cardium, and Montney regions.
- Activity includes both upstream asset/share transactions (e.g., production adds and play-focused consolidation) and services capability moves (e.g., tubular/rig-floor integrations).
- Financing and closing details show up alongside M&A—for example, bond private placements and convertible debenture participation in related arrangements.
| Recurring buyer | What stands out in recent deals |
|---|---|
| InPlay Oil Corp. | Cash acquisitions of private producers and production/acreage expansion in Alberta |
| Acerta Energy Ltd. / McIntyre Partners | Operated asset buys in Cardium, with financing support |
| Tenaris | Services integration tied to well integrity and rig-floor efficiency |
| STEP Energy Services Ltd. | Oilfield services consolidation via acquisition of a peer |
| WINTON GROUP Ltd | Equity stake adjustments (e.g., additional shares in a listed company) |
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Top Buyers
Illustrative buyers pulled from tracked transactions on this page. This table is capped and intentionally non-exhaustive.
| Buyer | # Deals | Focus | Type |
|---|---|---|---|
| Strathcona Resources Ltd. | 5 | North American oil & gas producer focused on thermal oil,... | Strategic (PE-backed) |
| Acerta Energy Ltd. | 2 | Calgary-based oil and gas operator focused on acquisition... | Strategic |
| InPlay Oil Corp. | 2 | Growth-oriented oil and gas producer focused on long-term... | Strategic |
| Avenrock Energy | 1 | Energy operator focused on developing light oil explorati... | Strategic (PE-backed) |
| BP Energy Partners | 1 | Dallas-based private equity firm making control investmen... | PE |
| CSV Midstream Solutions Corp. | 1 | Calgary-based independent midstream company providing eng... | Strategic |
| Canadian Natural Resources Ltd. | 1 | Integrated oil and natural gas exploration and production... | Strategic |
| Carlyle International Energy Partners (Carlyle) | 1 | Private equity energy investor (Carlyle International Ene... | PE |
| Cenovus Energy | 1 | Energy producer focused on oil sands operations and steam... | Strategic |
| Cenovus Energy Inc. | 1 | Integrated Canadian oil sands operator focused on SAGD/th... | Strategic |
Acquisition Volume in Oil & Gas in Canada by Year
Last 9 years
Actual
Full-year estimate
Supporting Data
Recent Transactions
-
- Buyer
- Cenovus Energy
- Target
- Athabasca Oil Corporation
- Seller
- Athabasca shareholders (including directors and executive officers with ~2.2% of outstanding shares)
- Industry
- Oil & Gas
- Location
- Canada
- Type
- Buyout
Cenovus Energy entered into a definitive agreement to acquire Athabasca Oil Corporation in a cash-and-stock transaction with an implied enterprise value of C$5.7 billion. The deal will expand Cenovus’ oil sands portfolio and consolidate its ownership of Duvernay Energy Corporation, with closing expected in December 2026 subject to approvals.
-
September 20, 2026
- Buyer
- Avenrock Energy, Carlyle International Energy Partners (Carlyle)
- Target
- Parallax Energy Operating
- Seller
- Carnelian Energy Capital
- Industry
- Oil & Gas
- Location
- Alberta, Canada
- Type
- Buyout
Carlyle-backed Avenrock Energy agreed to acquire Parallax Energy Operating from Carnelian Energy Capital, creating a new light oil exploration and production platform in Western Canada. The deal is subject to customary closing conditions and regulatory approvals, and financial terms were not disclosed.
-
- Buyer
- Tamarack Valley Energy Ltd.
- Target
- Headwater Exploration Inc.
- Industry
- Oil & Gas
- Location
- Alberta, Canada
- Type
- Buyout
Tamarack Valley Energy and Headwater Exploration entered into a definitive agreement to merge in an all-stock transaction valued at $10 billion, creating a large, pure-play Clearwater-focused oil producer. Headwater shareholders will receive 1.0 Tamarack share for each Headwater share, and the deal is expected to close in the second half of Q4 2026 subject to approvals.
-
August 27, 2026
- Buyer
- Acerta Energy Ltd.
- Target
- Astara Energy Corp.
- Industry
- Oil & Gas
- Location
- Alberta, Canada
- Type
- Buyout
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.
-
- Buyer
- InPlay Oil Corp.
- Target
- Privately held arm's length oil and gas producer (undisclosed)
- Industry
- Oil & Gas
- Location
- Alberta, Canada
- Type
- Buyout
InPlay Oil Corp. announced the closing of its previously announced acquisition of a private oil and gas producer for cash consideration of $54.25 million (subject to closing adjustments). The acquired assets add about 1,400 boe/d (85% light oil and NGLs) and increase InPlay’s total Belly River production to about 2,000 boe/d.
-
- Buyer
- InPlay Oil Corp.
- Target
- Privately held arm's length oil and gas producer (undisclosed)
- Industry
- Oil & Gas
- Location
- Alberta, Canada
- Type
- Buyout
InPlay Oil Corp. entered into a definitive arrangement agreement to acquire a private, arm’s-length oil and gas producer for cash consideration of $54.25 million (subject to closing adjustments). The acquisition is expected to add about 1,400 boe/d of production (85% light oil and NGLs) and expand InPlay’s Belly River position, with the deal expected to close by the end of August 2026.
-
August 5, 2026
- Buyer
- Établissements Maurel & Prom S.A. (Maurel & Prom)
- Target
- Gran Tierra Energy CI GmbH
- Seller
- Gran Tierra Energy Inc., Gran Tierra Energy Inc. (via a wholly owned subsidiary)
- Industry
- Oil & Gas
- Location
- Alberta, Canada
- Type
- Divestiture
Établissements Maurel & Prom (Maurel & Prom) has entered into a definitive share purchase agreement to acquire Gran Tierra Energy’s assets and operations in Colombia and Ecuador via Gran Tierra Energy CI GmbH. The transaction is valued at $1.33 billion, with closing targeted for on or about December 31, 2026, and includes assumptions/rollover of Gran Tierra debt instruments and related liabilities.
-
- Buyer
- WINTON GROUP Ltd
- Target
- Agnico Eagle Mines Limited
- Industry
- Oil & Gas
- Location
- Ontario, Canada
- Type
- Growth capital
WINTON GROUP Ltd acquired an additional 5,000 shares of Agnico Eagle Mines Limited (AEM) in the fourth quarter, according to HoldingsChannel/MarketBeat. The stake was valued at approximately $848,000, with other institutional investors also making share adjustments during the same period.
-
- Buyer
- LNG Energy Group Corp., Fifth Ocean Management LP, Westlawn Group
- Target
- Existing and future oil and gas blocks in Venezuela (via new JV company)
- Industry
- Oil & Gas
- Location
- Ontario, Canada
- Type
- Growth capital
LNG Energy Group Corp. entered into a binding exclusivity agreement and letter of intent to establish a 50/50 joint venture with Fifth Ocean Management LP, in partnership with Westlawn Group, to explore and develop oil and gas blocks in Venezuela. The proposed JV company would be organized in the United States, with LNG contributing existing Venezuela oil and gas assets and Fifth Ocean funding an investment program of up to US$200 million, subject to due diligence and definitive agreements.
-
April 21, 2026
- Buyer
- OCI Global, OCI Chemicals B.V.
- Target
- Methanex Corporation
- Seller
- OCI Global, OCI Chemicals B.V.
- Industry
- Oil & Gas
- Location
- Canada
- Type
- Divestiture
OCI Global (via its wholly owned subsidiary OCI Chemicals B.V.) sold all remaining Methanex Corporation shares it held, disposing of 2,612,962 common shares (about 3.4% of Methanex’s issued shares) on April 20, 2026. The block trade generated net proceeds of approximately US$138.1 million, and OCI no longer owns or directs any Methanex shares.
-
- Buyer
- Acerta Energy Ltd., McIntyre Partners, Trafigura
- Target
- Hawthorne Energy
- Seller
- Hawthorne Energy
- Industry
- Oil & Gas
- Location
- Alberta, Canada
- Type
- Buyout
Acerta Energy Ltd. acquired operated light oil and gas assets in central Alberta’s Cardium fairway from Hawthorne Energy, delivering approximately 8,300 boe/d of production. The transaction was backed by McIntyre Partners and Trafigura, and Acerta concurrently closed a US$175 million senior secured bond private placement; closing occurred on 10 April 2026 with expected post-closing regulatory approvals.
-
April 10, 2026
- Buyer
- Paramount Resources Ltd.
- Target
- Canadian Premium Sand Inc.
- Industry
- Oil & Gas
- Location
- Alberta, Canada
- Type
- Growth capital
Paramount Resources Ltd. acquired $275,000 in principal amount of 12.0% secured convertible debentures of Canadian Premium Sand Inc. as part of a private placement completed on April 9, 2026. The debentures mature on February 26, 2027 and may be converted into common shares at a $0.15 conversion price.
-
March 27, 2026
- Buyer
- Tenaris
- Target
- AllTorque's oilfield division, AllTorque Control Systems Inc.
- Industry
- Oil & Gas
- Location
- Alberta, Canada
- Type
- Buyout
Tenaris has acquired AllTorque’s oilfield division, strengthening its tubular running services by integrating AllTorque’s torque-turn monitoring systems into Tenaris’s Rig Direct and WISer offerings. The deal is designed to improve well integrity and rig-floor operational efficiency, building on an existing collaboration and expanding Tenaris’s Canada footprint.
-
- Buyer
- STEP Energy Services Ltd.
- Target
- Sanjel Energy Services Inc.
- Industry
- Oil & Gas
- Location
- Canada
- Type
- Buyout
STEP Energy Services Ltd. completed the acquisition of Sanjel Energy Services Inc. on March 9, 2026. Blake, Cassels & Graydon LLP advised Sanjel Energy Services Inc.
-
February 19, 2026
- Buyer
- Logan Energy Corp.
- Target
- Acquired Assets (Montney assets predominantly in Simonette, Alberta)
- Seller
- A subsidiary of a publicly-traded oil and gas company (the Vendor)
- Industry
- Oil & Gas
- Location
- Alberta, Canada
- Type
- Buyout
Logan Energy Corp. has entered into a definitive purchase agreement to acquire an entire interest in certain Montney assets predominantly in Simonette, Alberta from a subsidiary of a publicly-traded oil and gas company (the Vendor) for $62.5 million (subject to closing adjustments). The acquisition is expected to close on or around March 10, 2026, and Logan is also arranging $50.0 million in bought-deal equity financings plus an expansion of its revolving credit facilities to support the transaction.
-
February 13, 2026
- Buyer
- Teine Energy Ltd.
- Target
- TMax Energy Ltd.
- Industry
- Oil & Gas
- Location
- Alberta, Canada
- Type
- Addon
Teine Energy Ltd. has entered into a definitive agreement to acquire all the outstanding shares of TMax Energy Ltd. in a Duvernay “tuck-in” acquisition. The deal is intended to increase Teine’s total Duvernay acreage to over 700 sections, with Teine producing over 10,000 boe per day within the Carrot Creek Duvernay lands.
-
January 14, 2026
- Buyer
- Canadian Natural Resources Ltd.
- Target
- Tourmaline Oil Corp
- Industry
- Oil & Gas
- Location
- Alberta, Canada
- Type
- Buyout
Canadian Natural Resources Ltd. has acquired Tourmaline Oil Corp for approximately $800 million, consolidating a major natural gas producer into its portfolio. The deal brings Tourmaline’s Calgary-headquartered natural gas assets and production into Canadian Natural’s operations to expand scale, capabilities and market access across North America and international markets.
-
November 12, 2025
- Buyer
- Waterous Energy Fund Management Corp. (on behalf of Waterous Energy Fund III LPs)
- Target
- Greenfire Resources Ltd.
- Industry
- Oil & Gas
- Location
- Alberta, Canada
- Type
- Buyout
Waterous Energy Fund Management Corp., acting for Waterous Energy Fund (WEF), purchased 8,703,479 common shares of Greenfire Resources Ltd. for C$6.55 per share (C$57.0 million), increasing its ownership to approximately 68.3% of Greenfire on an undiluted basis. The private transactions gave WEF majority control of the Calgary-based oil and gas producer; WEF said it will continue to review its investment and may take further actions with respect to Greenfire's securities.
-
October 27, 2025
- Buyer
- Cenovus Energy Inc., Strathcona Resources Ltd.
- Target
- MEG Energy Corp., Vawn thermal project and certain undeveloped thermal lands at Lindbergh, Plover Lake and Glenbogie
- Seller
- MEG Energy Corp. shareholders, Cenovus Energy Inc. (for the Vawn thermal project and undeveloped thermal lands)
- Industry
- Oil & Gas
- Location
- Alberta, Canada
- Type
- Buyout
Cenovus Energy entered into a definitive arrangement agreement to acquire MEG Energy in a $7.9 billion deal (inclusive of assumed debt), to be paid 75% in cash and 25% in Cenovus common shares, with the transaction expected to close in the fourth quarter of 2025 subject to approvals. Strathcona Resources simultaneously signed a voting support agreement to vote its MEG shares in favor of the Cenovus–MEG transaction, and announced it will purchase Cenovus’s Vawn thermal project and certain undeveloped thermal lands for initial consideration of $75.0 million plus up to $75.0 million in contingent consideration.
-
- Buyer
- Terramont Infrastructure Partners
- Target
- Bull Moose Capital Ltd
- Seller
- TriWest Capital Partners
- Industry
- Oil & Gas
- Location
- Alberta, Canada
- Type
- Buyout
Terramont Infrastructure Partners has acquired a majority interest in Bull Moose Capital Ltd., Canada’s largest provider of natural gas compression and power generation solutions. The seller was TriWest Capital Partners, and Terramont said the investment will support Bull Moose’s geographic expansion and increased focus on larger energy infrastructure projects.
-
September 4, 2025
- Buyer
- Strathcona Resources Ltd.
- Target
- MEG Energy Corp.
- Industry
- Oil & Gas
- Location
- Alberta, Canada
- Type
- Buyout
Strathcona Resources Ltd. purchased 6,035,600 common shares of MEG Energy Corp. for approximately $172.7 million, increasing its stake to roughly 14.2% of MEG's outstanding shares. The purchase is part of Strathcona's ongoing offer to acquire MEG and Strathcona intends to vote its shares against the proposed acquisition of MEG by Cenovus Energy Inc.
-
- Buyer
- Strathcona Resources Ltd.
- Target
- MEG Energy Corp.
- Industry
- Oil & Gas
- Location
- Canada
- Type
- Buyout
Strathcona Resources Ltd. has formally commenced a take-over bid to acquire all outstanding common shares of MEG Energy Corp. not already owned by Strathcona for 0.62 Strathcona shares plus C$4.10 cash per MEG share. The offer is subject to customary conditions and includes a planned second-stage path to make MEG a wholly owned subsidiary or affiliate after the bid period.
-
February 26, 2025
- Buyer
- Vermilion Energy Inc.
- Target
- Westbrick Energy Ltd.
- Seller
- Shareholders of Westbrick Energy Ltd.
- Industry
- Oil & Gas
- Location
- Alberta, Canada
- Type
- Buyout
Vermilion Energy Inc. has completed the acquisition of Westbrick Energy Ltd., adding approximately 50,000 boe/d of production (75% gas), ~1.1 million (770,000 net) contiguous acres in Alberta's Deep Basin, and four operated gas plants with 102 mmcf/d capacity. Consideration includes cash and an option for Westbrick shareholders to elect Vermilion common shares (1.1 million shares elected, ~C$14.2 million), funded by cash on hand, a new C$450 million term loan and available revolving credit, with Vermilion citing significant operational synergies and a deep inventory of over 700 future drilling locations.
-
- Buyer
- Woodsman Energy Corp., Westbridge Capital Ltd. (fund manager / financier)
- Target
- Central and Northern Alberta oil and gas assets (Sullivan Lake and Valhalla)
- Industry
- Oil & Gas
- Location
- Alberta, Canada
- Type
- Addon
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.
-
- Buyer
- Cryopeak Energy Solutions Corporation, BP Energy Partners, The Energy & Minerals Group (EMG)
- Target
- Campus Energy Partners Infrastructure LP (LNG assets)
- Seller
- Campus Energy Partners Infrastructure LP
- Industry
- Oil & Gas
- Location
- British Columbia, Canada
- Type
- Divestiture
Cryopeak Energy Solutions Corporation — formed by the merger of Cryopeak LNG Solutions Corporation and Ferus Natural Gas Fuels Inc. — has acquired all LNG assets from Campus Energy Partners Infrastructure LP, including a regional LNG production facility in Dawson Creek, British Columbia. The deal makes Cryopeak the largest private, vertically integrated LNG producer and service provider in Canada, expanding its production capacity, transportation fleet and regional footprint.
-
September 7, 2023
- Buyer
- Precision Drilling Corporation
- Target
- CWC Energy Services Corp.
- Industry
- Oil & Gas
- Location
- Alberta, Canada
- Type
- Buyout
Precision Drilling Corporation has entered into an agreement to acquire all issued and outstanding common shares of CWC Energy Services Corp. for approximately $141 million in total consideration (947,909 Precision shares valued at ~$88M, $14M cash, plus assumption of debt). The acquisition adds 62 marketed service rigs in Canada and 18 marketed drilling rigs (including 11 in the U.S.), and is expected to generate about $20 million of annual operating synergies while supporting Precision's deleveraging plan.
-
September 6, 2023
- Buyer
- Persist Oil and Gas, Inc., Siguler Guff
- Target
- Dienerian Resources Inc.
- Industry
- Oil & Gas
- Location
- Alberta, Canada
- Type
- Buyout
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.
-
- Buyer
- Strathcona Resources Ltd.
- Target
- Pipestone Energy Corp.
- Industry
- Oil & Gas
- Location
- Alberta, Canada
- Type
- Buyout
Strathcona Resources Ltd. has entered into a definitive plan of arrangement to acquire all issued and outstanding common shares of Pipestone Energy Corp. in an all-share transaction that will combine the companies into a single public reporting issuer (AmalCo). The deal creates a larger, oil-weighted Canadian producer with complementary Montney and heavy oil assets, improving scale, reserve life and market relevance for Pipestone shareholders.
-
- Buyer
- Private Investor Group (unnamed)
- Target
- Denille Industries (dba Auburn Rentals)
- Seller
- Denille Industries (selling shareholders / owners)
- Industry
- Oil & Gas
- Location
- Alberta, Canada
- Type
- Buyout
Generational Equity advised Denille Industries (dba Auburn Rentals), an Edmonton-based provider of temporary oilfield workforce housing and manufacturer of wellsite trailers, in its sale to a private investor group. The transaction closed on June 16, 2023; financial terms were not disclosed.
-
February 28, 2023
- Buyer
- Saturn Oil & Gas Inc.
- Target
- Ridgeback Resources Inc.
- Industry
- Oil & Gas
- Location
- Alberta, Canada
- Type
- Buyout
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.
-
February 14, 2023
- Buyer
- CSV Midstream Solutions Corp.
- Target
- KANATA Energy Group
- Industry
- Oil & Gas
- Location
- Alberta, Canada
- Type
- Buyout
Calgary-based CSV Midstream Solutions Corp. has completed the acquisition of KANATA Energy Group, adding majority-operated joint-venture interests in natural gas gathering and processing facilities at Valhalla and Simonette near Grande Prairie, Alberta. The assets add over 150 MMcf/d net processing capacity to CSV's forecasted 470 MMcf/d, expanding CSV's midstream processing capabilities and customer base in the Western Canadian Sedimentary Basin.
-
February 6, 2023
- Buyer
- International Petroleum Corporation (IPC), IPC Canada Ltd.
- Target
- Cor4 Oil Corp.
- Seller
- Cor4 shareholders
- Industry
- Oil & Gas
- Location
- Alberta, Canada
- Type
- Buyout
International Petroleum Corporation (IPC) has agreed to acquire private Cor4 Oil Corp. in Canada for asset consideration of approximately USD 62 million (CAD 84 million). The acquisition adds about 15.9 MMboe of 2P reserves and forecast average net production of ~4,000 boe/d in southern Alberta adjacent to IPC's Suffield assets; shareholders representing ~98% of Cor4's fully diluted shares have entered support agreements and the deal is expected to close pending regulatory approvals by end of Q1 2023.
-
- Buyer
- EZ Ops
- Target
- PAYLOAD Technologies, Drift Technological Solutions
- Industry
- Oil & Gas
- Location
- Alberta, Canada
- Type
- Buyout
Canadian oilfield-operations technology company EZ Ops acquired PAYLOAD Technologies and Drift Technological Solutions to integrate field ticketing, regulatory manifests and logistics optimization into its operations intelligence platform. The deals expand EZ Ops’ capabilities across field operations and fluid transport logistics, accelerating product roadmaps and customer growth while leadership from PAYLOAD is departing post-acquisition.
-
March 14, 2022
- Buyer
- Waterous Energy Fund, Strathcona Resources Ltd.
- Target
- Caltex Resources Ltd., Tucker thermal oil property
- Industry
- Oil & Gas
- Location
- Alberta, Canada
- Type
- Addon
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.
-
February 15, 2022
- Buyer
- Tamarack Valley Energy Ltd.
- Target
- Crestwynd Exploration Ltd.
- Industry
- Oil & Gas
- Location
- Alberta, Canada
- Type
- Buyout
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.
-
November 23, 2021
- Buyer
- Surepoint Technologies Group
- Target
- Ironline Compression
- Seller
- Staple Street Capital
- Industry
- Oil & Gas
- Location
- Alberta, Canada
- Type
- Buyout
Surepoint Technologies Group acquired Ironline Compression from Staple Street Capital, representing Staple Street's full exit after previously selling Ironline's aftermarket services business in mid-2021. The acquisition transfers all remaining business lines to Surepoint and expands its compression and services footprint in Western Alberta and across Canada.
-
- Buyer
- Kent
- Target
- SNC‑Lavalin (Resources Oil & Gas division)
- Seller
- SNC‑Lavalin
- Industry
- Oil & Gas
- Location
- Quebec, Canada
- Type
- Divestiture
Dubai‑headquartered Kent (formerly Kentech), backed by majority shareholder Bluewater, has completed the acquisition of a majority stake in SNC‑Lavalin’s Resources Oil & Gas division. The deal creates a combined business of roughly 10,000 professionals, strengthens Kent’s engineering and project‑delivery capabilities across the oil & gas value chain, and advances its energy‑transition strategy while expanding geographic reach.
-
- Buyer
- Tourmaline Oil Corp.
- Target
- Black Swan Energy Ltd., Paramount Resources Ltd. (Birch-area assets)
- Seller
- Paramount Resources Ltd.
- Industry
- Oil & Gas
- Location
- Alberta, Canada
- Type
- Buyout
Tourmaline Oil Corp. closed its acquisition of Black Swan Energy Ltd. and also acquired Paramount Resources Ltd.'s Birch-area Montney lands and assets, consolidating key Northeast B.C. Montney positions. The transactions increase Tourmaline's production profile and complement a separate long-term gas supply agreement with Cheniere Energy to access LNG markets.
-
May 7, 2021
- Buyer
- Redco Group, Industrial Growth Partners (IGP)
- Target
- Stonewall Energy
- Industry
- Oil & Gas
- Location
- Alberta, Canada
- Type
- Addon
Redco Group (an IGP–recapitalized platform) acquired the business assets of Stonewall Energy on May 7, 2021. The add-on expands Redco’s pressure-control and frac-completion product suite by integrating Stonewall’s proprietary ball & dart launching technologies, frac rental equipment and field services to strengthen its market leadership across Western Canada and North America.
-
August 25, 2020
- Buyer
- Cycle Energy Industries Inc.
- Target
- Energy Express Canada Corp.
- Industry
- Oil & Gas
- Location
- Alberta, Canada
- Type
- Buyout
Cycle Energy Industries Inc. has acquired 100% of Energy Express Canada Corp., a junior oil and gas producer operating in central Alberta. Cycle said the asset currently produces roughly 100–150 barrels of oil per day and expects to increase production materially (2–3x) by applying its recovery and optimization technologies.
-
- Buyer
- Tier 1 Energy Solutions Inc.
- Target
- Winterhawk Well Abandonment Ltd.
- Industry
- Oil & Gas
- Location
- Canada
- Type
- Growth capital
Tier 1 Energy Solutions Inc. has agreed to acquire a minority equity interest in Winterhawk Well Abandonment Ltd., a developer of a patented controlled casing expansion technology for environmentally responsible oil and gas well abandonment. The companies also entered an operating agreement under which Tier 1 will provide deployment support services and wireline diagnostics to aid commercialization and field deployment of Winterhawk's technology.
-
November 22, 2019
- Buyer
- Strike Group Inc., TriWest Capital Partners
- Target
- Jedco Energy Services Corp.
- Seller
- Existing shareholders of Jedco Energy Services Corp.
- Industry
- Oil & Gas
- Location
- Alberta, Canada
- Type
- Addon
Strike Group Inc., a TriWest Capital Partners Fund V portfolio company, has acquired Jedco Energy Services Corp. from its existing shareholders. The add-on expands Strike Group's pipeline integrity and testing capabilities in Western Canada by combining Jedco's local relationships and expertise with Strike Group's broader service platform.
-
December 17, 2018
- Buyer
- Industrial Growth Partners
- Target
- Redco Group
- Seller
- Redco management, Founder and CEO Steve Forberg
- Industry
- Oil & Gas
- Location
- Alberta, Canada
- Type
- Recapitalization
Industrial Growth Partners (IGP) recapitalized Redco Group in partnership with Redco's management on December 17, 2018. Redco, headquartered in Edmonton, Alberta, is a leading independent provider of pressure control equipment, wellhead and frac completion products and associated manufacturing and field services to oil and gas operators across Western Canada.
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Frequently Asked Questions
Which Canadian province shows up most in recent oil & gas acquisitions?
Recent transactions in the provided page facts reference Alberta, Canada most frequently, alongside mentions of Ontario, Canada and Canada generally.
What kinds of acquisitions are most common in this Canada-focused oil & gas set?
The page facts show a mix of upstream asset and share acquisitions (including operated production assets and production-growth deals) and oilfield services acquisitions, as well as select equity investment/disposition activity.
Do the deals typically focus on particular Alberta resource plays?
Yes. Several transactions reference specific Alberta plays or areas, including Clearwater, Belly River, Cardium, and Montney (Simonette).
Are financing or closing mechanics addressed alongside the acquisitions?
Many deal descriptions in the page facts include closing timelines and mechanics, and some transactions also mention related financing steps (such as bond private placements or participation in convertible debentures), depending on the deal.