Tamarack’s deal to take over Headwater shows the increasing appeal of the Clearwater play.

Your browser is: Chrome 116.0.0.0. This browser is out of date so some features on this site might break. Try a different browser or update this browser. Learn more. Energy Daily Facebook Linked In Gift Expand Oil storage tanks in Alberta, where Tamarack Valley Energy is teaming up with Headwater Exploration. Photographer: Daphne Lemelin/AFP/Getty Images Facebook Linked In Gift Gift this article Contact us: Provide news feedback or report an error Confidential tip? Send a tip to our reporters Site feedback: Take our Survey New Window Facebook Linked In Gift September 9, 2026 at 12:41 PM UTCBookmark Save Lock This article is for subscribers only._Welcome to our guide to the commodities driving the global economy. Today, Calgary-based reporter Robert Tuttle looks at the latest_ _Canadian oil acquisition as the industry bulks up to meet burgeoning Asian demand._

Alberta is synonymous with oil sands, the vast deposits of sticky, bituminous material that lie just beneath the ground. But another oil region in the province is fast attracting attention for its own heavy crude. Home BTV+Market Data Opinion Audio Originals Magazine Events News Markets Economics Technology Politics Green Crypto AIWork & Life Wealth Pursuits Businessweek City Lab Sports Equality Management & Work Market Data Stocks Commodities Rates & Bonds Currencies Futures Sectors Economic Calendar Explore Terms of Service Manage Cookies Trademarks Privacy Policy Careers Advertise Help©2026 Bloomberg L.P. All Rights Reserved.