

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 $350 million, including all transaction costs.
The transaction is expected to close in the second half of July 2021, subject to regulatory approvals.
Deal Details:
- Production: 50,000 boe/d
- Reserves (2P): 492 MMBOE
- Locations: 1,600
- Land: 230,000 net acres
- Basin/Play: Montney
Significant key gas processing and transportation infrastructure including operatorship and 50% working interest in the two new Black Swan gas plants at greater Aitken, with existing capacity of 265 mmcfpd, which can be expanded to 360 mmcfpd.
Peer Maps
Announced Date | Buyer | Seller | Deal Value($mm) | Location | Category |
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Aug-22-2022 |
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Click here | British Columbia | E&P |
Aug-01-2022 |
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Click here | Alberta | E&P |
Jun-29-2022 |
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Click here | Alberta | E&P |
Dec-15-2021 |
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Click here | E&P | |
Nov-29-2021 |
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Click here | Alberta | E&P |
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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Click here | Alberta | E&P |
Nov-04-2020 |
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Click here | E&P | |
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 |