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Tamarack Valley Energy Ltd.

Company Summary

Description

Tamarack Valley Energy is an oil and gas company involved in the identification, evaluation and operation of resource plays in the Western Canadian sedimentary basin. The Company uses a rigorous, proven modeling process to carefully manage risk and identify growth opportunities. Tamarack's diversified suite of oil-focused assets provides exposure to the high impact Cardium light oil resource plays in Lochend, Garrington/Harmattan and Buck Lake in Alberta, low cost Viking light oil resource plays in Redwater, Foley Lake and Westlock in Alberta and highly economic heavy oil opportunities southeast of Lloydminster in Saskatchewan.

Website

http://www.tamarackvalley.ca/

Operational Regions

  • Cardium Tight Oil Formation
  • Viking Formation
  • Saskatchewan

Financial Data:


Tickers:

  • TVE - Vancouver Stock Exchange

Related Entities

Recent news

  • 12/18/2023 - Tamarack Valley Energy... (subscriber access)
  • 11/6/2023 - Tamarack Valley Energy... (subscriber access)
  • 10/23/2023 - Tamarack Valley Energy... (subscriber access)
  • 10/28/2022 - Tamarack Valley Releases... (subscriber access)
  • 10/28/2022 - Tamarack Valley Updates... (subscriber access)

Investor Presentations

  • 3Q21 Investor Presentation
  • June 2019 Presentation (subscriber access)
  • September 2017 Investor Presentation (subscriber access)
  • 1Q17 Investor Update (subscriber access)
  • March 2017 East Coast Energy Symposium Presentation (subscriber access)
  • Investor Presentation - November 2016 (subscriber access)
  • Enercom Presentation - August 2016 (subscriber access)
  • Tamarack Valley Energy - 2015 Q4 Report (subscriber access)

Company Transactions

Date: 10/14/2022
Type: Acquisition

BUYERS:
  • Tamarack Valley Energy Ltd.
    • SELLERS:
  • DeltaStream Energy Corporation
    • DETAILS:

    COST: 1.425 $B

    VOLUMES: 23 MBOE/d

    NOTES:
    Tamarack Valley Energy has closed on the purchase of DeltaStream Energy for $1.425 billion, which allows them to hold its position down as the largest producer in the Clearwater oil fairway. They pooled proceeds from 80 million common shares of Tamarack, $300 million of deferred acquisition payment notes and $825 million in cash to acquire the company.
    REGIONS:
  • Western Canadian Sedimentary Basin

    • Date: 6/30/2022
    Type: Acquisition

    BUYERS:
  • Tamarack Valley Energy Ltd.
    • SELLERS:
  • Rolling Hills Energy Ltd.
    • DETAILS:

    COST: 93 $MM

    VOLUMES: 2.1 MBOE/d

    ACRES: 34560 Acres

    NOTES:
    Tamarack Valley Energy has entered into a definitive agreement to acquire Rolling Hills Energy, a private exploration and production company, for $93.0 million.
    REGIONS:
  • Canada

    • Date: 9/14/2021
    Type: Acquisition

    BUYERS:
  • Tamarack Valley Energy Ltd.
    • DETAILS:

    COST: 36 $MM

    VOLUMES: 400 BOE/d

    ACRES: 33920 Acres

    NOTES:
    Tamarack Valley Energy has closed on the acquisition of 53 net sections of land in the Clearwater area for $36 million, which includes 400 boe/d in heavy oil production. The assets hold 2.5 MMboe in proved plus probable reserves.
    REGIONS:
  • Western Canadian Sedimentary Basin

    • Date: 5/31/2021
    Type: Acquisition

    BUYERS:
  • Tamarack Valley Energy Ltd.
    • SELLERS:
  • Anegada Oil Corp.
    • DETAILS:

    COST: 494 $MM

    VOLUMES: 11.8 MBOE/d

    NOTES:
    Tamarack Valley Energy has entered into a deal to acquire Anegada Oil Corp. for $494 million, which includes $247.5 million in cash and debt along with 105.3 million common shares.
    REGIONS:
  • Charlie Lake Resource Play.
  • Western Canadian Sedimentary Basin

    • Date: 3/31/2021
    Type: Acquisition

    BUYERS:
  • Topaz Energy Corp.
    • SELLERS:
  • Tamarack Valley Energy Ltd.
    • DETAILS:

    COST: 13.7 $MM

    NOTES:
    Topaz Energy has signed a non-binding agreement with Tamarack Valley Energy to acquire a newly created gross overriding royalty interest for $13.7 million. The deal would include a 4% interest on mostly crude production across 45,000 net acres in the greater Clearwater area of Alberta. Tamarack would commit to a three-year development commitment, and Topaz would fund their stake with cash on hand.
    REGIONS:
  • Western Canadian Sedimentary Basin

    • Date: 3/25/2021
    Type: Acquisition

    BUYERS:
  • Tamarack Valley Energy Ltd.
    • SELLERS:
  • Woodcote Petroleum Inc.
    • DETAILS:

    COST: 43 $MM

    NOTES:
    Tamarack Valley Energy has announced two separate acquisitions in Alberta which include a combined 2.8 Mboe/d in oil-weighted assets and 38,400 net acres in the Clearwater play. They paid a total of $135.4 million for the assets. The first deal was made with a public oil & gas form for $106 million and the second was signed with Woodcote Petroleum for $43 million. Closing is planned for March 25, 2021.
    REGIONS:
  • Western Canadian Sedimentary Basin

    • Date: 3/25/2021
    Type: Acquisition

    BUYERS:
  • Tamarack Valley Energy Ltd.
    • DETAILS:

    COST: 106 $MM

    NOTES:
    Tamarack Valley Energy has announced two separate acquisitions in Alberta which include a combined 2.8 Mboe/d in oil-weighted assets and 38,400 net acres in the Clearwater play. They paid a total of $135.4 million for the assets. The first deal was made with a public oil & gas form for $106 million and the second was signed with Woodcote Petroleum for $43 million. Closing is planned for March 25, 2021.
    REGIONS:
  • Western Canadian Sedimentary Basin

    • Date: 6/30/2019
    Type: Acquisition

    BUYERS:
  • Tamarack Valley Energy Ltd.
    • DETAILS:

    COST: 4.8 $MM

    VOLUMES: 130 Bbls/d

    NOTES:
    In 2Q19, Tamarack Valley Energy completed a $4.8 million Viking oil acquisition in the Veteran/Consort area of Alberta.
    REGIONS:
  • Western Canadian Sedimentary Basin

    • Date: 11/1/2017
    Type: Acquisition

    BUYERS:
  • Tamarack Valley Energy Ltd.
    • DETAILS:

    COST: 5.5 $MM

    VOLUMES: 45 BOE/d

    ACRES: 6240 Acres

    REGIONS:
  • Viking Formation

    • Date: 9/30/2017
    Type: Acquisition

    BUYERS:
  • Tamarack Valley Energy Ltd.
    • DETAILS:

    COST: 3.4 $MM

    ACRES: 92800 Acres

    REGIONS:
  • Western Canadian Sedimentary Basin

    • Date: 5/12/2017
    Type: Acquisition

    BUYERS:
  • Tamarack Valley Energy Ltd.
    • DETAILS:

    COST: 2.1 $MM

    ACRES: 12800 Acres

    NOTES:
    Tamarack Valley Energy reported that in May 2017 they closed on the acquisition of 12,800 net acres of land and 62 square miles of seismic for $2.1 million in the Wilson Creek area.
    REGIONS:
  • Western Canadian Sedimentary Basin

    • Date: 3/31/2017
    Type: Acquisition

    BUYERS:
  • Tamarack Valley Energy Ltd.
    • DETAILS:

    COST: 0.8 $MM

    VOLUMES: 35 Bbls/d

    ACRES: 33853 Acres

    NOTES:
    Tamarack Valley Energy reported that during the first quarter of 2017 they completed three tuck-in acquisitions for a total of $0.8 million, adding 33,853 net acres of land and 35 bbl/d in oil production.
    REGIONS:
  • Western Canadian Sedimentary Basin

    • Date: 11/2/2016
    Type: Merger

    BUYERS:
  • Tamarack Valley Energy Ltd.
    • SELLERS:
  • Spur Resources
    • DETAILS:

    COST: 407.5 $MM

    VOLUMES: 6.25 MBOE/d

    ACRES: 300000 Acres

    REGIONS:
  • Viking Formation
  • Cardium Tight Oil Formation

    • Date: 7/25/2016
    Type: Acquisition

    BUYERS:
  • Tamarack Valley Energy Ltd.
    • DETAILS:

    COST: 25.8 $MM

    VOLUMES: 850 BOE/d

    ACRES: 38400 Acres

    REGIONS:
  • Viking Formation
  • Cardium Tight Oil Formation