Tamarack Valley Energy

View Tamarack's Environmental, Social, Governance (ESG) reports and explanatory statement regarding federal Bill C-59.

Tamarack lists its press releases from recent years.

The company supports employee development through education, training, engagement, and inclusion.

View the biographies and profiles of the Tamarack Board of Directors.

View the biographies and profiles of the Tamarack leadership team.

Highlights of Tamarack’s environmental stewardship, community engagement and employee empowerment.

View Executive Sector Transparency Measures Act (ESTMA) reports for Tamarack and its amalgamated entities.

Jamieson Place 3300, 308 – 4th Avenue S.W. Calgary, Alberta T2P 0H7

Tamarack is an oil and gas company committed to generating value by delivering real returns to shareholders and responsibly developing repeatable, long-life resource plays.

Jan 30, 2024 - Governance Policies & Mandates

Feb 20, 2025 - Governance Policies & Mandates

Tamarack Valley Energy and Headwater Exploration merge in a **C$10 billion ($7.25 billion) all-stock deal**, combining complementary Alberta acreage and a large portfolio of drilling and waterflood projects in the Clearwater oil play. The move consolidates two operators with significant undeveloped inventory, targeting long-term production growth in the region. Both companies hold key assets in the same high-potential basin, reinforcing their combined position in Canada’s oil sands development.

Sep 2026Energy IntelligenceNews article

Tamarack Valley Energy and Headwater Exploration combine in a $10 billion merger to form an oil-focused industry leader. The deal consolidates resources and production capabilities, targeting expanded output in heavy oil markets. Both companies specialize in upstream oil operations, aiming to strengthen their market position through the merger.

Sep 2026MarketScreenerNews article

Tamarack Valley Energy and Headwater Energy are merging in a **$10 billion deal** to create a leading oil producer in Canada. The combined entity will consolidate assets and operations, aiming to strengthen market position in the Clearwater region. The merger follows Tamarack’s announcement of the transaction.

Sep 2026The Globe and MailNews article

Tamarack Valley Energy completes a **$3.2 billion acquisition** of Headwater Exploration, expanding its footprint in Alberta’s oil and gas sector. The deal positions Tamarack as the **largest producer in the Clearwater formation**, a key unconventional oil play. Both companies specialize in heavy oil extraction, with Headwater holding significant assets in the region.

Sep 2026calgaryheraldNews article