Energy M&A and Divestitures

Blakes and our lawyers are recognized as energy leaders in the most recent editions of the following publications: 

• Chambers Canada: Canada’s Leading Lawyers for Business – Thanks to the recognition of our clients and peers, Blakes has been named 2024 Projects & Energy Law Firm of the Year. 

• Chambers Canada ranks Blakes in Band 1, its top tier, for Energy: Oil & Gas nationwide in Canada. Client comments include: “Blakes provide a superb client service and have incredibly high-skilled lawyers” and “Blakes has a very strong team with strong expertise.” 

• Chambers Global: The World’s Leading Lawyers for Business – Blakes and members of our Energy & Energy Infrastructure group have been recognized for their expertise in energy law since 2003. Client comments include: “They stand out for the depth of partners who are active participants in the field. They are at the forefront of cutting-edge work” and “We model our group on Blakes — they are extremely entrepreneurial and extremely outward-focused.” 

• The Lexpert/American Lawyer Guide to the Leading 500 Lawyers in Canada – Since 2002, our energy lawyers have been recognized as top-tier legal practitioners. 

• The Canadian Legal Lexpert Directory – Blakes and our lawyers are consistently selected as leaders in energy law by their peers. 

• The Best Lawyers in Canada – Our energy lawyers have been consistently ranked as leaders in their field since the inaugural edition published in 2006. 

• The Special Committee of Veren Inc. in its C$15-billion business combination with Whitecap Resources Inc.

• Zeg Oil and Gas Ltd. on its acquisition of the remaining shares of Forza Petroleum Ltd. that it did not already own.

• Enerplus Corporation on its US$11-billion merger with Chord Energy Corporation.

• Pembina Pipeline Corporation on its acquisition of Enbridge Inc.’s joint-venture interests in Alliance Pipeline, Aux Sable and NRGreen for C$3.1-billion and its concurrent C$1.1-billion bought deal offering of subscription receipts.  

• Strathcona Resources Ltd. on its all-share acquisition of Pipestone Energy Corp., creating a combined entity with an approximate C$8.6-billion enterprise value.  

• The Special Committee of the Board of Directors of Hammerhead Energy Inc. in its proposed C$2.55-billion acquisition by Crescent Point Energy. 

• Strathcona Resources Ltd., a portfolio company of Waterous Energy Fund, in its C$2.3-billion acquisition of Serafina Energy Ltd. 

• Strathcona Resources Ltd. and Waterous Energy Fund on the acquisition of Caltex Resources Inc. 

• Cona Resources Ltd., a portfolio company of Waterous Energy Fund, on its C$740-million acquisition of Pengrowth Energy Corporation. 

• Algonquin Power and Utilities on its acquisition of the New Brunswick natural-gas distribution business from Enbridge for C$331-million. 

• Heartland Generation Ltd., an affiliate of Energy Capital Partners, in its $835 million acquisition of Canadian Utilities Ltd.’s natural gas and coal electricity generation interests in Alberta, British Columbia and Ontario.  

• Kinder Morgan in connection with the C$4.35-billion acquisition of Kinder Morgan Canada Limited and the Cochin pipeline system by Pembina Pipeline Corporation. 

• Kinder Morgan Canada Ltd. on its C$4.5-billion sale of the Trans Mountain Pipeline system and expansion project to the Government of Canada.  

• Cenovus Energy Inc. on the sale of its Palliser crude oil and natural gas assets in southeastern Alberta to Torxen Energy and Schlumberger for C$1.3-billion. 

• Strath Resources Ltd. on the acquisition of Montney assets from Paramount Resources Ltd. for total consideration of C$340-million, paid 50 per cent in cash and 50 per cent in common shares of Strath. 

• Pembina Pipeline Corporation on its C$9.3-billion acquisition of Veresen Inc. 

• Cenovus Energy Inc. on the sale of its Suffield crude oil and natural gas assets in southern Alberta to International Petroleum Corporation for C$512-million. 

• Suncor Energy Inc. on the sale of its Petro-Canada lubricants division to HollyFrontier Corporation for C$1.13-billion. 

• Husky Energy on its C$1.7-billion sale of 65 per cent of certain midstream assets to Cheung Kong Infrastructure Holdings Limited and Power Assets Holding Limited. 

• Cenovus Energy Inc. on the sale of its wholly owned subsidiary Heritage Royalty Limited Partnership to Ontario Teachers' Pension Plan for C$3.3-billion.