Tamarack and Headwater Agreed a $10 Billion Clearwater Merger. Tributary Spins Out the Exploration Book
On September 8 Tamarack Valley and Headwater announced an all-stock combination valued at $10 billion. Headwater shareholders get one Tamarack share each. Run-rate Clearwater production exceeds 80,000 boe per day. Non-core assets move into a new Tributary Exploration vehicle.