Progress Energy Resources Corp. Sale to and Joint Venture with PETRONAS
Counsel to Progress in the 2011 $1.1 billion sale of 50% working interest in Montney shale assets in Foothills of north eastern British Columbia to PETRONAS, the Malaysian national oil company, and the formation of an upstream joint venture to develop the gas assets as well as a downstream LNG Export Project Joint Venture pursuant to which they plan to build and operate a major LNG export facility.
Encana Corporation Proposed Sale to Petrochina International Investment Company
Counsel to Encana during the 2011 negotiations respecting its $5.4 billion proposed sale and joint operations of 50% interest in the Cutbank Ridge gas assets to Petrochina International Investment Company Limited. The parties agreed to end the negotiations in June 2011.
Penn West Acquisition of Spartan
Competition counsel to Penn West Petroleum in the 2011 acquisition of Spartan Exploration Ltd. for $229 million and the creation of a new junior exploration and production public company called Spartan Oil Corp.
Penn West Energy Trust Joint Venture with CIC
Counsel to Penn West in the 2010 formation of an $817 million joint venture with a wholly-owned subsidiary of China Investment Corporation to develop Penn West's bitumen assets in the Peace River area of northern Alberta.
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