Northern Blizzard Resources Acquires Heavy Oil Properties from Nexen

On July 22, 2010, Nexen Inc., the Calgary-headquartered global energy company, completed the sale of its western Canadian heavy oil properties to Northern Blizzard Resources Inc., a private Calgary company backed by private equity firm Natural Gas Partners, for approximately $975 million (before closing adjustments and costs). The properties, stretch from Saskatchewan into Alberta and include 750 wells.

Northern Blizzard was represented by Osler, Hoskin & Harcourt LLP with a team including Robert Desbarats, QC, Janice Buckingham and Cheryl Kelly (energy); Noralee Bradley and Evan Low (corporate); Stan Ebel (tax); Peter Glossop (Competition Act and Investment Canada Act); Gordon Nettleton and Jessica Ng (National Energy Board Act) and Lorne Carson and Neil Herle (bank financing).

Nexen was represented by Jay Todesco, Senior Counsel and a team from Ogilvy Renault LLP including Miles Pittman, Ben Rogers, Chris Harris, Michael Bennett and Breanne Campbell (energy/M&A); Kevin Ackhurst (competition); Michael Horvat and Anne Gallop (employment) and Leanne Souquet (patents).


Anne K. Gallop Kevin D. Ackhurst Miles F. Pittman Cheryl Kelly Christopher R. Harris Gordon M. Nettleton Jay Todesco R. Ben Rogers Peter L. Glossop Noralee M. Bradley Janice Buckingham Jessica Ng Michael F. Horvat Michael J. Bennett Evan D. Low Robert P. Desbarats Stanley R. Ebel Lorne W. Carson Neil C. Herle