Cequence Energy sale of Simonette Gas Plant
On June 17, 2015, Cequence Energy Ltd. (Cequence) reported the completion of its previously announced transaction with Kanata Energy Group Ltd. (KANATA) pursuant to which Cequence sold a 50% interest in the existing Simonette facilities and related infrastructure and Cequence and KANATA agreed to jointly fund an enhancement of the 13-11-62-27W5M Simonette gas compression and dehydration facility. The facility enhancement includes adding a shallow cut refrigeration system, capable of processing 120 mmcf/d of liquids rich natural gas, and a sales connection to TransCanada's NGTL system.
Further information can be found on Cequence's website and on stockhouse.com.
Cequence is a publicly traded Canadian energy company involved in the acquisition, exploitation, exploration, development and production of natural gas and crude oil in western Canada.
KANATA is a privately funded midstream infrastructure and service company focused on the acquisition, construction and operation of gathering, processing and liquids extraction facilities in Western Canada.
Torys also acted on the following in connection with this project:
| Jurisdiction | Municipal District of Greenview No. 16 |
| Province/State | Alberta |
| Country | Canada |
| Nature of Engagement | M&A |
| Client | Cequence Energy |
| Client Role | Seller |