Date Announced

August 1, 2023

Lead Office

Calgary

Value

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).