On December 13, 2005, EnCana Corp., one of North America's leading natural gas producers, and certain of EnCana's affiliates, completed the previously announced disposition of substantially all of their natural gas liquids (NGL) business to affiliates of Provident Energy Trust for a purchase price of approximately $800 million after closing adjustments.
The acquired business includes substantial interests in extraction facilities at Empress, Alberta and makes Provident the second largest integrated NGL player in Canada. Provident is a Calgary-based open-ended energy trust that owns and manages an oil and gas production business and a natural gas liquids midstream services and marketing business.
Provident was represented by Macleod Dixon LLP with a team led by Thomas Hirst, Q.C., that included David Eeles, KayLynn Litton, Kerrie Logan, Chrysten Perry, Leigh Peters, Beth Nickless, Ryan Rovere and Jason Rosychuk (energy), Jack MacGillivray, Howard MacKichan and Salimah Janmohamed (corporate), Bernie Ho (regulatory), Harold Jacques, Orville Pyrcz, Q.C., and Craig Maurice (tax), Pam Horton and Gord Van Vliet (real estate) and John Carleton and Rujuta Patel (competition). US assistance was provided by David Hernand, Dave Rogers and Larry Stein of Latham & Watkins LLP.
EnCana was represented by Patricia Smith-Grayton, team lead, corporate legal, Pamela Webster, solicitor, Don Serink, associate general counsel, and Peter Duthie, advisor, corporate insurance, together with external counsel McCarthy Tétrault LLP with a team led by Bruce MacPhail that included David Stanford and David Izett (energy), Catherine Samuel, Nicole Springer and Kenna Graham (corporate), Kieth Mullback (real estate) and Oliver Borgers (competition). US assistance was provided by Richard Hall and Oren Eisner of Cravath, Swaine & Moore LLP.
The acquired business includes substantial interests in extraction facilities at Empress, Alberta and makes Provident the second largest integrated NGL player in Canada. Provident is a Calgary-based open-ended energy trust that owns and manages an oil and gas production business and a natural gas liquids midstream services and marketing business.
Provident was represented by Macleod Dixon LLP with a team led by Thomas Hirst, Q.C., that included David Eeles, KayLynn Litton, Kerrie Logan, Chrysten Perry, Leigh Peters, Beth Nickless, Ryan Rovere and Jason Rosychuk (energy), Jack MacGillivray, Howard MacKichan and Salimah Janmohamed (corporate), Bernie Ho (regulatory), Harold Jacques, Orville Pyrcz, Q.C., and Craig Maurice (tax), Pam Horton and Gord Van Vliet (real estate) and John Carleton and Rujuta Patel (competition). US assistance was provided by David Hernand, Dave Rogers and Larry Stein of Latham & Watkins LLP.
EnCana was represented by Patricia Smith-Grayton, team lead, corporate legal, Pamela Webster, solicitor, Don Serink, associate general counsel, and Peter Duthie, advisor, corporate insurance, together with external counsel McCarthy Tétrault LLP with a team led by Bruce MacPhail that included David Stanford and David Izett (energy), Catherine Samuel, Nicole Springer and Kenna Graham (corporate), Kieth Mullback (real estate) and Oliver Borgers (competition). US assistance was provided by Richard Hall and Oren Eisner of Cravath, Swaine & Moore LLP.
