Falcon Oil & Gas Acquired by Tamboran Resources | Energy M&A Deal

Tamboran Resources has completed the acquisition of Falcon Oil & Gas, a energy services other business in British Columbia, for $1.2 billion. Tamboran Resources acquisitions expand its Beetaloo Basin position through Falcon Oil & Gas drilling and stimulation capabilities in the energy services other sector. The Falcon Oil & Gas acquisition supports Tamboran’s 2026 operating program, including at least four wells and stimulation of at least five, with SS2 well pad activity tied to the Sturt Plateau Compression Facility. The strategic acquisition is structured as a merger acquisition, closed after final court approval from the Supreme Court of British Columbia, and involved issuance of 6,537,503 shares to eligible Falcon shareholders.