

Tourmaline Acquires Montney-Focused Black Swan Energy
Multiples
Transaction Details:
Tourmaline Oil said it will acquire private equity-backed Black Swan Energy for a total consideration of approximately C$1.1 billion, consisting of 26 million Tourmaline common shares and the assumption of net debt up to a maximum of $350 million, including all transaction costs.
The transaction is expected to close in the second half of July 2021, subject to regulatory approvals.
Deal Details:
- Production: 50,000 boe/d
- Reserves (2P): 492 MMBOE
- Locations: 1,600
- Land: 230,000 net acres
- Basin/Play: Montney
Significant key gas processing and transportation infrastructure including operatorship and 50% working interest in the two new Black Swan gas plants at greater Aitken, with existing capacity of 265 mmcfpd, which can be expanded to 360 mmcfpd.
Peer Maps
Canada Deal Activity In Last 12 Months
Announced Date | Buyer | Seller | Deal Value($mm) | Location | Category |
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Aug-22-2022 |
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Aug-01-2022 |
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Jun-29-2022 |
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Dec-15-2021 |
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Nov-29-2021 |
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Date | Deal Headline | Price | $/acre |
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Jun-29-2022 | Exxon Sells Off Montney, Duvernay Portfolio in $1.47 Billion Cash Deal | - ![]() |
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Nov-29-2021 | CNRL to Acquire Montney-Focused Storm Resources in $960MM Deal | - ![]() |
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May-24-2021 | Topaz Acquires Assets From Tourmaline For $347 Million | - ![]() |
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Other Tourmaline Oil Corp. Deals
Announced Date | Buyer | Seller | Deal Value($mm) | Location | Category |
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May-24-2021 |
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Nov-04-2020 |
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Feb-24-2020 |
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Click here | British Columbia | E&P |
Feb-24-2020 |
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Click here | Alberta | E&P |
Feb-24-2020 |
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Click here | Alberta | E&P |