Husky Energy Inc. acquired all the issued and outstanding shares of Marathon Canada Limited and the Western Canadian assets of Marathon International Petroleum Canada Ltd. for US$588 million. Immediately thereafter, Husky sold certain of the former Marathon Canada properties to EOG Resources Canada Inc. for US$320 million. Both transactions closed on October 1, 2003.
Husky Energy was represented in-house by Jim Girgulis, vice-president, legal, and corporate secretary; Jim Cook, manager, legal; and Jina Abells, senior counsel; and by Borden Ladner Gervais LLP, with a team led by Dan Kolibar and including Colin MacDonald (Investment Canada and competition), Robert Kopstein (tax) and Neil de Gelder, Q.C., Lloyd McLellan and Stephanie Nagel. For the acquisition Husky Energy was also represented by McCarthy Tétrault LLP, with a team led by Harold Huber, Mark Tysowski and David Stanford.
Marathon Oil Company, the vendor of the shares of Marathon Canada and Marathon International Petroleum Canada, was represented by Macleod Dixon LLP, with a team that included Jim McKee, Dan Baxter, Ed Heakes, Craig Hoskins, KayLynn Litton and Craig Maurice. EOG Resources Canada’s legal team was led by Barry Hunsaker, general counsel, EOG Resources, Inc., and included Steve Williams, associate general counsel; and Don Greenfield, Mike Ryer, Eugene Friess, Angus Mitchell and J.P. Pham of Bennett Jones LLP.