CSV Midstream Solutions acquires Karr 6-18 natural gas facility from Paramount Resources

On Aug. 1, 2019, an affiliate of CSV Midstream Solutions Corp. completed its acquisition of the Karr 6-18 natural gas facility from Paramount Resources Ltd for total consideration of approximately $470 million. The consideration received by Paramount included approximately $330 million in cash plus a $140-million capital commitment to fund and complete the expansion of the facility. The acquisition was made possible through the strategic investment partnership between CSV Midstream and Northleaf Capital Partners.

Bennett Jones LLP was counsel to CSV Midstream Solutions Corp. and certain of its affiliates with a team led by Kieran Ryan and comprised of Patrick Maguire, Emerson Frostad and Megan Olliver (corporate), Colm Boyle and Sam Denstedt (regulatory), Beth Riley (competition), Greg Johnson (tax), John Batzel (employment) and Denise Bright (finance).

Norton Rose Fulbright was counsel to Paramount with a team led by Rick Borden and comprised of Wayne Fedun, Ryan Keays, Lincoln Mitchell and Thomas Savery (energy), Alan Harvie (regulatory), Rujuta Patel (competition), Darren Hueppelsheuser (tax) and Correna Jones (employment).

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