Canadian Natural Resources Limited acquires Devon Canada Corporation assets

Canadian Natural Resources Limited (CNRL) acquired Devon Canada Corporation's conventional assets, excluding heavy oil properties and Horn River, for $3.125 billion.

CNRL is a Canadian senior oil and natural gas production company with operations in areas located in western Canada, the UK portion of the North Sea and offshore Africa. Devon Canada, is a wholly owned subsidiary of Oklahoma City-based Devon Energy Corporation, an independent energy company engaged in North American oil and gas exploration and production.

CNRL was represented by CNRL's Vice President, Legal and General Counsel, Paul Mendes; Betty Yee, Vice President, Land; and Katherine Linder, Manager, Legal Counsel, Acquisitions and Divestments; and by Burnet, Duckworth & Palmer LLP by a team including John Cuthbertson, Stuart Money, Alison Koper and Cassandra Calder (energy); Evan Dixon (regulatory), Jody Wivcharuk (competition), Gina Ross (employment), and Kirk Lamb and Liz McCarthy (tax).

Devon Canada was represented by its Vice President, Land, and General Counsel, Murray Brown; Morey Sair, Associate General Counsel; and senior counsel Peter Straka; and by Osler, Hoskin and Harcourt LLP by a team including Rob Desbarats and Janice Buckingham (energy); Damian Rigolo (employment) and Peter Glossop and Kaeleigh Kuzma (regulatory).