Calgary-based E&P Artis Exploration Ltd. closed a CDN$180 million (USD$138 million) growth equity investment from Warburg Pincus.

Founded in 2015, Artis is focused on the Duvernay East Shale Basin of Western Canada, where the company holds a contiguous acreage position of over 260,000 net acres.

Artis is led by Darryl Metcalfe, who was previously president and CEO at Artek Exploration.

"With this investment, we will be well-positioned to continue to scale through the development of our premier acreage position in the Duvernay oil p...


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