Recent Experience
OPTrust, in connection with the formation and limited recourse financing of a partnership with six Alberta First Nations which in turn participated in the equity syndication and project financing of the $1.5-billion Cascade Power Project to be developed near Edson, Alberta and operated by Calgary based developer Kineticor. This equity investment marks the first transaction supported by the Alberta Indigenous Opportunities Corporation (AIOC), who provided a loan guarantee supporting the credit and financing arrangements between ATB, OPTrust, Kineticor and the First Nations consortium which ultimately facilitated the equity participation by Indigenous communities in the Cascade project.
Sproule Associates Limited, a leading global energy advisory firm in the oil and gas sector, in its acquisition of all of the membership interests in the capital of MHA Petroleum Consultants LLC in an all-equity transaction.
NEP Canada Corp. sells its Canadian Exploration and Production Operating Subsidiary to Aspenleaf Energy Limited.
PricewaterhouseCoopers Inc., in Anterra Energy Inc. CCAA proceedings.
Schlumberger Production Management, on the purchase of the Palliser Block assets in Alberta from Cenovus Energy Inc. for cash consideration of $1.3 billion.
Devon Energy Corp., in the sale of its 50-percent ownership interest in Access Pipeline to Wolf Midstream Inc., a portfolio company of Canada Pension Plan Investment Board, for C$1.4 billion.
Murphy Oil Company Ltd., in its $486-million light oil purchase from and joint venture with affiliates of Athabasca Oil Corporation.
Ontario Teachers' Pension Plan, in the $3.3-billion acquisition of Heritage Royalty Limited Partnership, a former subsidiary of Cenovus Energy Inc. holding a broad portfolio of oil and gas royalties in Western Canada.
Newalta Corporation, in the sale of its Industrial Division to Revolution Acquisition LP, a company formed by Birch Hill Equity Partners, for cash proceeds of $300 million.
EOG Resources, Inc., one of the largest independent North American oil and natural gas exploration and production companies, in a divestment of all of its assets in Manitoba and certain assets in Alberta through two separate transactions for approximately US $410 million.
Canadian Non-Operated Resources I Ltd., in its $500 million Peace River High purchase from and joint venture with Tourmaline Oil Corp.
Repsol S.A., in the proposed $15.1 billion acquisition of Talisman Energy Inc.
Pine Cliff Energy Ltd., in its acquisition of shallow gas assets in Alberta and Saskatchewan from Nexen Energy for $100 million.
MEG Energy Corp., in its acquisition of Leismer South oil sands assets from Bounty Oil Sands and Southern Pacific Resource Corporation.
Gibson Energy Inc., in all aspects of its joint venture with U.S. Development Group LLC to develop a new unit train rail loading facility with an initial capacity of 140,000 bbls per day with pipeline connectivity from Gibson's Hardisty Terminal, including the negotiation of agreements with anchor customers.
MEG Energy Corp., in the pipeline interconnections and rail terminalling services arrangements with Canexus Corporation in connection with expansion of operations at MEG’s Stonefell Terminal.
BG International Limited, in a joint venture with Spectra Energy to develop an approximately $8 billion trans B.C. natural gas pipeline to a proposed LNG liquefaction facility at Prince Rupert on the coast of British Columbia.
Plains Midstream Canada ULC, in its $1.67 billion acquisition of the Canadian natural gas liquids and liquefied petroleum gas business of BP Canada.
EOG Resources Canada Inc. and Apache Canada Ltd., in their $50 million acquisition from Pacific Northern Gas Inc. of the Pacific Trail Pipelines Limited Partnership, owner of the Pacific Trail pipeline project which will connect natural gas producing areas of British Columbia to the proposed Kitimat natural gas liquefaction project.
Molopo Energy Canada Ltd., a subsidiary of Molopo Energy Limited of Australia, in the sale of its Manitoba oil and gas properties to Legacy Oil + Gas Inc. for aggregate consideration of $188 million, consisting of cash and common shares of Legacy.
Hyak Energy ULC, an affiliate of U.S. based Accelerated Oil Technologies, in its acquisition of producing Saskatchewan oil and gas properties from Connacher oil & Gas Limited for $57.5 million.
Goldman Sachs, in its acquisition, through its affiliate J. Aron & Co., of the natural gas marketing business of Nexen Inc.
EOG Resources Canada Inc., in its acquisition of all of the issued and outstanding shares of Galveston LNG Inc. (owner of the Kitimat LNG Liquefaction project) for an undisclosed amount.
EOG Resources Canada Inc., in its 2010 non-core asset disposition program, pursuant to which EOG sold non-core oil and gas properties to 3 separate buyers for aggregate proceeds of approximately $360 million.
Gibson Energy ULC, in its joint venture with Suncor Energy Inc. to construct, develop and operate a new, dedicated crude oil terminalling and storage facility near Hardisty, Alberta.
Ivanhoe Energy Inc., in the purchase and sale of certain oil sands leases of Talisman Energy Inc. for aggregate consideration of $90 million.
Statoil ASA, in its $2.2 billion acquisition of North American Oil Sands Corporation by way of take-over bid.
Pengrowth Energy Trust and Pengrowth Corporation, in a series of dispositions of non-core and gas assets for approximately $400 million.
A large western Canadian midstream company, in the joint venture structuring, construction and development of a $100 million expansion to their existing crude oil terminalling and marketing facility.
Shell Canada, in construction contracts for the expansion of it $6 billion Athabasca Oil Sands Project.
Pengrowth Energy Trust, in its $1.3 billion acquisition of Esprit Energy Trust.
Red Willow Energy Trust and Southern Ute, in complex corporate and tax structuring matters relating to the $200 million sale of oil and gas assets to Trident Resources Corporation.
Fort Chicago Energy Partners LP, in its $270 million acquisition of Alberta Ethane Gathering System.
Teck Cominco Limited, in the $475 million acquisition of a 15 percent interest in the Fort Hill Oil Sands Project from UTS Energy Inc. and Petro-Canada.
Williams Energy (Canada) Inc., in its sale of three natural gas liquids extraction plants to Inter Pipelines Fund for $715 million.
BG Group plc, in its US$345.6 million acquisition of El Paso Oil & Gas Canada Inc.
Shore Gold Inc., in the acquisition by Kensington Resources Ltd., a wholly-owned subsidiary of Shore Gold, of an aggregate 60 percent participating interest in the Fort á la Corne Joint Venture (FALC JV) from De Beers Canada Inc., Cameco Corporation and UEM Inc. for $180 million and the subsequent sale of a 40 percent participating interest in the FALC JV to Newmont Mining Corporation of Canada Limited.
Pengrowth Corporation and Pengrowth Energy Trust, in the $550 million acquisition of certain Alberta and Saskatchewan oil and natural gas properties by way of the purchase of a subsidiary of Murphy Oil Corporation.
Stellarton Technologies Inc., in the purchase and sale of the compression assets and business of Stellarton Technologies Inc. to Vaportech Holdings Ltd and Vaportech Energy Services for approximately $7.5 million.
Pacific Energy Partners, LP, in its acquisition of BP Canada Energy Co.'s Rangeland Business unit, including the Rangeland Pipeline System, the Aurora Pipeline and Rangeland Marketing Company for approximately $157 million.
Bennett Jones
