Calgary office advised Wolf Midstream Inc. in connection with its C$1.4bn acquisition

Calgary office advised Wolf Midstream Inc., a portfolio Company of CPPIB, in connection with its C$1.4bn acquisition of a 50% interest in the Access Pipeline system from Devon Energy and the related syndicated credit facility. The matter was complex as under the transaction agreements, Devon’s thermal-oil acreage is dedicated to Access pipeline for an initial term of 25 years. A market-based toll will be applied to production from Devon’s three Jackfish projects, which are fully operational.