One-Page Deal Sheet
Tourmaline Acquires Jupiter Resources For $626 Million
Tourmaline Oil Corp. Juniper Resources LLC
Announced Date
November 04,2020
Close Date
December 18,2020
Transaction Type
Corporate
Enterprise Value (EV)($MM)
626
Asset/Basin:
["Alberta Deep Basin"]
TargetZones:
[]
Net Acres
Proved Reserves
Location
Calculated Metrics( EV/Category)
Country
Canada
Production & Reserves Production
Production Mix
Reserves
Calculated Metrics( EV/Category)
$/ Flowing
$/ Acre
Transaction Details: Require Private Equity Subscription
Tourmaline is pleased to announce that it has entered into a definitive agreement to acquire Jupiter for 24.2 million Tourmaline common shares, representing a total consideration of approximately $626 million, inclusive of net debt estimated at approximately $200 million.
Transaction Summary
Location/Basin : Alberta Deep Basin Close (expected) : December 16, 2020 Production : 67,000 Boe/d (20,000 bpd (condensate and NGLs).) Reserves (2P) : 357 MMBOE Midstream : three natural gas processing plants Land : 500 Net Sections (84% Working Interest)Jupiter assets, located in the Alberta Deep…
Canada Deal Activity In Last 12 Months
| Announced Date | Buyer | Seller | Deal Value($mm) | Location | Category |
|---|---|---|---|---|---|
| Mar-10-2026 |
-  |
- |
Click here | Texas | E&P |
| Feb-26-2026 |
- |
- |
Click here | E&P | |
| Feb-18-2026 |
- |
- |
Click here | Texas | E&P |
| Feb-17-2026 |
- |
- |
Click here | Oklahoma | E&P |
| Feb-02-2026 |
- |
- |
Click here | E&P |
| Date | Deal Headline | Price | $/acre |
|---|---|---|---|
| Feb-26-2026 | Diversified Energy Extends East Texs Footprint in $245MM Sheridan Deal | -
|
3,267 |
| Feb-18-2026 | SM Energy Sells Eagle Ford Asset for $950 Million | -
|
|
| Feb-17-2026 | Ovintiv Sells Anadarko Assets for $3 Billion | -
|