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Founded Year



Acquired | Acquired



About Jupiter Resources

Jupiter Resources is an energy company that focuses on the acquisition, development, and production of unconventional liquids-rich natural gas properties. It is based in Calgary, Canada.On November 5, 2020 Jupiter Resources was acquired by Tourmaline Oil.

Jupiter Resources Headquarters Location

585 8th Avenue S.W. Suite 1100

Calgary, Alberta, T2P 1G1,



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Latest Jupiter Resources News

Canada’s Tourmaline Oil to buy Black Swan Energy for $908m

Jun 14, 2021

14 Jun 2021 (Last Updated June 14th, 2021 16:08) The acquisition forms part of Tourmaline’s consolidation strategy for North Montney in the US. Share Article The Black Swan acquisition is expected to complement Tourmaline’s core Gundy Development. Canada’s Tourmaline Oil has signed an agreement to acquire privately owned Black Swan Energy for $908.7m (C$1.1bn), including debt. The consideration includes 26 million Tourmaline shares and the assumption of net debt of up to $350m, including all deal costs. Under the deal, Tourmaline Oil will purchase existing 2P reserves of 491.9 million barrels of oil equivalent (boe), 1,600 Montney horizontal internally estimated drilling locations, and 230,000 net acres of Montney rights. The acquisition forms part of Tourmaline’s consolidation strategy for North Montney, which the Canadian company anticipates as the primary growth driver for the next decade in the entire Western Canadian Sedimentary Basin. Tourmaline also believes the North Montney area to become a key sub-basin for supplying Canadian liquefied natural gas. With the acquisition, Tourmaline’s North Montney aims to increase production to approximately 175,000boe per day (boepd) during 2022. Additionally, the firm will add key gas processing and transportation infrastructure, including operatorship and a 50% stake in the two new Black Swan gas plants at greater Aitken. In a press statement, Tourmaline said: “The Black Swan acquisition complements Tourmaline’s core Gundy development and, along with the more recent Polar Star, Chinook, and Saguaro transactions, will establish Tourmaline as the largest current North Montney producer with the most extensive future drilling and project inventory.” With the transaction, Tourmaline is expected to become a 500,000boepd company during 2022. It is also expected to have 2.25-2.30 billion cubic feet per day (bcf/day) of gas production capacity by mid-2022. Subject to regulatory approvals, the transaction is expected to be completed in the second half of July 2021. Scotia and Stifel FirstEnergy served as financial advisers to Tourmaline on the transaction whereas Peters & Co was financial adviser to Black Swan. Last year, Tourmaline acquired Canadian natural gas company Jupiter Resources in an all-stock deal worth around $476.3m. Related Companies

  • When was Jupiter Resources founded?

    Jupiter Resources was founded in 2014.

  • Where is Jupiter Resources's headquarters?

    Jupiter Resources's headquarters is located at 585 8th Avenue S.W., Calgary.

  • What is Jupiter Resources's latest funding round?

    Jupiter Resources's latest funding round is Acquired.

  • Who are the investors of Jupiter Resources?

    Investors of Jupiter Resources include Tourmaline Oil.

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