Acquisition Summary: Cygnet Energy to Acquire Kiwetinohk Energy
Cygnet Energy Ltd. has agreed to acquire Kiwetinohk Energy Corp. for C$24.75 per share in cash, valuing the transaction at approximately C$1.4 billion.
Strategic Rationale
The acquisition creates a scaled energy producer focused on the Montney and Duvernay formations, combining complementary assets and enhancing operational synergies.
- Produces over 44,000 boe/d, mainly from the Simonette and Placid areas
- Gains 120 MMcf/d of Alliance pipeline capacity
- Deep inventory of drilling opportunities
The transaction positions Cygnet as a leading central-Alberta operator with strong growth potential.
Author's summary: Cygnet Energy acquires Kiwetinohk Energy for $1.4 billion.