Calgary advised Paramount Resources on its disposition to CSV Midstream of the Karr 6-18 facility

Our Calgary office advised Paramount Resources Ltd on its C$470m disposition to an affiliate of CSV Midstream Solutions Corp. of the Karr 6-18 natural gas facility.

The consideration received by Paramount included approximately C$330m in cash, plus a C$140m capital commitment to fund and complete the expansion of the facility.

In conjunction with the closing of this transaction, Paramount and CSV entered into a long-term midstream services agreement for the continued processing of Paramount’s natural gas production at the facility.

The team was led by Rick Borden and comprised of Wayne Fedun, Ryan Keays, Lincoln Mitchell and Thomas Savery (energy), Alan Harvie (regulatory), Rujuta Patel (competition), Darren Hueppelsheuser (tax) and Correna Jones (employment).