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Pipestone Energy to be acquired by Strathcona Resources in C$1B EV deal

Date Announced

August 1, 2023

Lead Office



1.00 Billion CAD

On August 1, 2023, Pipestone Energy announced its definitive agreement to be acquired by Strathcona Resources in an approximately C$1 billion deal. Upon the closing of the transaction, Strathcona will have acquired all the issued and outstanding common shares of Pipestone, and become a public reporting issuer in Canada.

Pipestone Energy is an upstream energy company engaged in oil exploration and production, headquartered in Alberta, Canada.

Strathcona Resources is a private equity-owned oil-weighted producer, headquartered in Alberta, Canada.

McCarthy Tétrault advised Pipestone Energy with a team led by Alyson Goldman and Michael Bennett that included Maria Rooney, Ashley Wilson, Connor O'Brien, Karsten Carriere (Corporate/M&A), Matthew Kraemer, Michael Hegedus, Darren Chung (Tax), Kerri Howard, Jamie Gibb (Oil & Gas), Kate McNeece (Competition/Antitrust), Shane D'Souza, Lyndsey Delamont (Litigation), Ben Aberant and Chris Boettcher (Labour & Employment).