Griffon Partners has acquired Viking oil and gas assets from Tamarack Valley Energy Ltd. for CAD$70 million, enhancing their production capabilities in the Saskatchewan region.

Target Information

Griffon Partners Capital Management has successfully completed the strategic acquisition of specific Viking assets primarily located in Saskatchewan from Tamarack Valley Energy Ltd. for CAD$70 million. This transaction significantly augments Griffon Partners’ portfolio by adding approximately 2,000 barrels of oil equivalent per day (boe/d), comprising 50% oil and natural gas liquids, thereby enhancing their production capabilities in the upstream oil and gas sector.

This acquisition aligns with Griffon Partners' goal to establish a diversified portfolio that captures abundant free cash flow over time, ultimately addressing the growing market demand for traditional energy sources in the future.

Industry Overview in Canada

Canada's upstream oil and gas industry is characterized by its substantial contributions to national energy production and its rich reserves, particularly in oil sands and conventional