Janice Buckingham is past Co-Chair of Osler's Energy Practice. Janice’s practice focuses on the commercial and strategic development, acquisition and divestiture of complex energy production liquefaction, transportation and storage projects in Canada. She successfully represents clients in upstream, midstream and transportation-related asset and share purchase and sale transactions as well as multi-billion-dollar joint venture developments, ownership and operation of conventional and unconventional energy resources, liquid natural gas (LNG) and oil sands projects. Janice has become a strategic advisor on all types of contractual issues arising from industry standard form and negotiated production sharing, processing, transportation, storage, marketing, construction, participation, joint operating and service-related agreements. Her practice is complemented by eight years of oil and gas business experience where she served as Vice President of a TSE listed company. Janice is consistently ranked, recommended and sought after for her extensive and market-leading transactional experience.
On August 16, 2017, Paramount Resources Ltd. acquired all of the shares of Apache Canada Ltd., a wholly owned subsidiary of US public company Apache Corp., for approximately $460 million. The acquisition added significant reserves, production and landholdings within Alberta and British Columbia to Paramount’s portfolio.
On January 31, 2017, Statoil Canada Ltd. completed the sale of its Alberta oil sands assets to Athabasca Oil Corporation for total consideration of $582 million. The consideration consisted of approximately $435 million in cash, 100 million common shares and contingent value payments triggered at oil prices above US$65/bbl WTI.
On July 18, 2016, Cheung Kong Infrastructure Holdings Limited (CKI), a Hong Kong-based global infrastructure company that holds diversified investments in energy infrastructure, transportation infrastructure, water infrastructure, waste management, and waste-to-energy and infrastructure-related business, and Power Assets Holdings Limited (PAH), a Hong Kong-based global investor in power and utility-related businesses with investments in electricity generation, transmission and distribution, renewable energy, and energy from waste and gas distribution, completed their $1.7-billion acquisition of 65-per-cent indirect ownership interest in select heavy oil pipeline and storage assets from Husky Energy (Husky) in Alberta and Saskatchewan, and related joint-venture, financing and commercial arrangements.
On December 16, 2015, PrairieSky Royalty Ltd. (PrairieSky) completed the acquisition of royalty assets from Canadian Natural Resources Limited (Canadian Natural) for an aggregate purchase price of $1.8 billion. In conjunction with the transaction, PrairieSky entered into a non-brokered private placement of 27 million subscription receipts for aggregate gross proceeds of approximately $680 million.
