Progress Energy acquires Talisman Assets

Progress Energy Canada Ltd. acquired Talisman Energy's partnership interest and assets comprising approximately 127,000 net acres of its Montney position in the Farrell Creek and Cypress areas of northeast British Columbia for $1.5 billion.

Talisman Energy was represented by in-house counsel Jonathan Horlick, Sabeen Sheikh, Roni Haugen and Jana Seibel. Osler, Hoskin & Harcourt LLP represented Talisman with a team including Robert Desbarats, Janice Buckingham, Peter Glossop, Daina Kvisle and Ron Franklin.

Progress Energy was represented by in-house counsel James Cummings. Progress was also represented by Burnet, Duckworth & Palmer LLP with a team including Stuart Money, Alicia Quesnel, Jody Wivcharuk, Ashley Weldon and Cassandra Calder.