BP Divests Rangeland Business Unit

On May 11, 2004, BP Canada Energy Co. completed the sale of its Rangeland Business unit, including the Rangeland Pipeline System, the Aurora Pipeline and Rangeland Marketing Company, to two wholly-owned subsidiaries of Pacific Energy Partners, LP. The acquisition price (including line fill and product inventory) was approximately $157 million.

BP was represented internally by Joanne Ruitenschild, senior legal counsel; and assisted by Stikeman Elliott, with a team led by Fred Erickson and also consisting of Brad Grant, Harold Andersen, David Holgate (regulatory matters), Michael Dyck (land matters) and Virginia Wigmore in Calgary, Randall Hofley and Kim Alexander-Cook (Competition Act and Investment Canada Act matters) in Ottawa, and Lorna Cuthbert (employment matters) in Toronto.

Pacific Energy Partners was represented internally by Lynn Wood, vice-president and general counsel, and assisted by Bennett Jones in Calgary, with a team led by Janice Buckingham, and including Phil Backman and Shaheen Amirali (financing), Mike Ryer and Eugene Friess (tax), Jo’Anne Strekaf (Competition Act and Investment Canada Act matters), John Batzel (employment) and Vivek Warrier.