Burlington Acquires Viking-Kinsella Assets

Burlington Resources Canada Ltd. acquired the Viking-Kinsella natural gas assets from ATCO Gas on January 3, 2002 for $550 million. The Viking-Kinsella property, one of Alberta’s largest remaining natural gas reserves, is located east of Edmonton.

ATCO Gas is a member of the ATCO Group of Companies, one of Canada’s premier corporations with a worldwide organization of companies engaged in power generation, utilities, logistics, energy services, technologies and industrials. Burlington Resources Canada is a Canadian subsidiary of Burlington Resources Inc., one of North America’s largest independent producers and holders of natural gas reserves.

The Burlington legal team was led by Alan Pettie (commercial) of Burnet, Duckworth & Palmer LLP, with assistance from Kemm Yates (regulatory) of Stikeman Elliott; Bill Laurin (title) of Thackray, Burgess; and Alicia Quesnel (regulatory) of Burnet, Duckworth & Palmer. Joanne Alexander, vice-president, legal and land administration, Burlington, also acted on the transaction. Bennett Jones LLP acted for ATCO Gas, with a team comprised of Bob Booth, David Macaulay and Tom McInerney (commerical), Laurie Smith and Karen Illsey (regulatory) and Stan Ebel (tax).