Bonavista

Tourmaline Eyes Deep Basin Natural Gas Growth with $1.1B Bonavista Acquisition

Tourmaline Eyes Deep Basin Natural Gas Growth with $1.1B Bonavista Acquisition

Canada’s largest natural gas producer, Tourmaline Oil Corp., disclosed it plans to acquire Bonavista Energy Corp. as it looks to add “decades of inventory” to its existing Deep Basin assets in Alberta, according to the firm. Calgary-based Tourmaline signed an agreement to acquire Bonavista in a deal valued at $1.1 billion (C$1.45 billion). The acquisition…

October 16, 2023