Pengrowth Energy and NAL Energy Complete Business Combination

Pengrowth Energy Corporation (“Pengrowth”) and NAL Energy Corporation (“NAL”) completed a strategic business combination whereby Pengrowth acquired all of the issued and outstanding common shares of NAL in a transaction valued at approximately $1.9 billion, including assumed debt.

Pengrowth is an intermediate Canadian oil and natural gas producer headquartered in Calgary with a focus on the development of unconventional resource-style plays in the western Canadian Sedimentary basin.
NAL was a Calgary-based intermediate Canadian oil and natural gas producer with assets in southeastern Saskatchewan, central Alberta, and northeastern British Columbia.

Pengrowth was represented by Burnet, Duckworth & Palmer LLP with a team including Grant Zawalsky, Shannon Gangl, Syd Abougoush, Bronwyn Inkster and Kerry McGinnis (securities); Jody Wivcharuk (competition); Jeff Fortin and Heather DiGregorio (tax) and Nancy Smith and Simina Ionescu-Mocanu (banking).

NAL was represented by Bennett Jones LLP with a team that included John Kousinioris, Jon Truswell, Tim Robson, Matthew Olson and John Lawless (capital markets and M&A); Beth Riley (competition); Scott Bodie (tax) and Denise Bright (financial services).


Nancy D. Smith Grant A. Zawalsky Scott Bodie Y. Beth Riley Jody L. Wivcharuk Syd S. Abougoush Jeff Fortin Matthew R. Olson Denise D. Bright Jon C. Truswell Simina Ionescu-Mocanu Shannon M. Gangl John H. Kousinioris Heather DiGregorio Timothy J. Robson


Burnet, Duckworth & Palmer LLP Bennett Jones LLP