One-Page Deal Sheet
Devon Sells 50% Ownership Interest in Access Pipeline for $1.1B
Canada Pension Plan Investment Board (CPPIB), Wolf Midstream Inc. Devon Energy Corp
Announced Date
July 14,2016
Close Date
October 07,2016
Transaction Type
Working Interest
Location
Region
Canada
Country
Canada
Transaction Details: Require Private Equity Subscription
Closing Announcement - October 7, 2016
Wolf Midstream has closed the acquisition of the previously announced agreement to acquire a 50% ownership interest in Access Pipeline from Devon Energy for $1.4 billion.
The Access Pipeline system includes pipelines that transport blended bitumen and diluent between the Christina Lake area of Northeastern Alberta and Edmonton.
Devon Energy Corp. has entered into a definitive agreement to sell its 50 percent ownership interest in Access Pipeline to Wolf Midstream Inc., a portfolio company of Canada Pension Plan…
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