Tourmaline Oil Acquires Jupiter, Modern Resources in Back-to-back Deals
Transaction Type
Sellers
Buyers
Basin
Western Canadian Sedimentary Basin; Alberta Deep Basin
Announce Date
Post Date
Estimated Price
CA$626.0MM
Description
To acquire Calgary, Alberta-based Jupiter Resources and its assets in the Western Canadian Sedimentary Basin/Albert Deep Basin in an all-stock deal; includes assumption of about CAD$200 MM of net debt. (Expected to close December)