Harvard Energy Partnership closes asset exchange agreement with BD Holdings Inc.
July 02, 2020
2.27 Million CAD
On July 2, 2020, Harvard Energy Partnership entered into an asset exchange agreement with BD Holdings and sold its interest in the Nordegg Gas Unit and Brazeau Gas River Unit to BD Holdings Inc., in exchange for BD Holdings undeveloped lands. In addition to the assets acquired by Harvard Energy Partnership , BD Holdings paid Harvard Energy cash consideration of C$2.27 million.
BD Holdings is a subsidiary of Calgary-based Westbrick Energy Ltd.
Harvard Energy Partnership is a group of petroleum and natural gas exploration and production companies based in Calgary, Alberta.
McCarthy Tétrault advised Harvard Energy with a team led by Gordon Cameron that included Brian Bidyk and Jamie Gibb.