Tamarack Valley Energy to Acquire Privately Held Pure Play Clearwater Oil Producer

The acquisition of Rolling Hills Energy, a privately held pure play Clearwater oil producer, will fully consolidate Tamarack Valley’s working interest and operatorship in the Southern Clearwater area, the company said.

Hart Energy Staff

Tamarack Valley Energy Ltd. recently unveiled plans for further strategic consolidation of its Clearwater position through the acquisition of Rolling Hills Energy Ltd. for CA$93 million.

“The acquisition of Rolling Hills completes the consolidation of our core operating area in the Southern Clearwater, which will allow us to fully optimize development and maximize returns from this area,” Brian Schmidt (Aakaikkitstaki), Tamarack’s president and CEO, commented in a company release on April 21.

Tamarack entered into a definitive agreement to acquire Rolling Hills, a privately held pure play Clearwater oil producer, which Tamarack said will fully consolidate its working interest and operatorship to 100% in the greater Jarvie play in the Southern Clearwater area.

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