Benjamin Hudy

Benjamin S. P. Hudy Partner

Representative Work
  • Newfield Exploration Co., as Canadian counsel, in its C$5.5B acquisition by Encana Corp.
  • Nabors Industries Ltd., as Canadian counsel, in its acquisition of Tesco Corporation.
  • STEP Energy Services Ltd. in its C$100M initial public offering.
  • Rubicon Oilfield International Holdings, L.P., a portfolio company of Warburg Pincus, in the acquisition by a wholly-owned subsidiary of Rubicon of Logan International Inc.
  • Seven Generations Energy Ltd. in its C$2B acquisition of petroleum and natural gas assets from Paramount Resources Ltd. and concurrent bought-deal public offering of subscription receipts for aggregate gross proceeds of approximately C$750M.
  • InterOil Corporation in its successful defense of a proxy contest involving former CEO, Phil Mulacek, who ran a short slate of directors and sought to implement various governance reforms.
  • ARC Energy Funds in its C$268M acquisition of Boulder Energy Ltd. by way of plan of arrangement.
  • Seven Generations Energy Ltd. in connection with its $300M bought deal private placement of common shares.
  • A syndicate of underwriters in connection with a C$27.5M bought deal private placement of common shares by Calfrac Well Services Ltd.
  • Gran Tierra Energy Inc. in its C$136M acquisition of Petroamerica Oil Corp. by way of plan of arrangement.
  • Seven Generations Energy Ltd. in its C$931.5M initial public offering.
  • Caracal Energy Inc. in its proposed acquisition of TransGlobe Energy Corporation for approximately US$696.2M.
  • PTTEP Canada Limited in its acquisition of the remaining 60% ownership interest in the Thornbury, Hangingstone and South Leismer oil sands areas from Statoil Canada Ltd., in exchange for its 40% stake in the Leismer and Corner projects and C$200M in cash.
  • Winstar Resources Ltd. in its C$112M acquisition by Serinus Energy Inc. (formerly Kulczyk Oil Ventures Inc.) by way of plan of arrangement.
  • Renergy Petroleum (Canada) Co., Ltd., an affiliate of Changjiang Investment Group Co., Ltd., in its joint venture with Sunshine Oilsands Ltd. involving an initial aggregate capital commitment of up to C$250M.
  • Seven Generations Energy Ltd. in connection with its private placements of US$400M (May 2013) and US$300M (February 2014) in aggregate principal amount of 8.250% Senior Notes due 2020 and its private placement of US$425M (April 2015) in aggregate principal amount of 6.750% Senior Notes due 2023.
  • China National Offshore Oil Company in its US$19.5B cash acquisition of Calgary-based Nexen Inc., including the assumption of debt.
  • Waseca Energy Inc. in its C$136M acquisition by Twin Butte Energy Ltd.
  • FMC Technologies, Inc. in its C$282M acquisition of Pure Energy Services Ltd.
  • Compton Petroleum Corporation in its acquisition by MFC Industrial by way of takeover bid.
  • Rooster Petroleum, LLC in its RTO of Probe Resources Ltd. and subsequent note and warrant financing transaction.
  • Claude Resources Inc. in its acquisition of St. Eugene Mining Corporation Limited and corresponding spin-out of Satori Resources Inc.
  • Keyera Corp. in an equity financing for aggregate gross proceeds of approximately C$174M.
  • PetroChina International Investment Company Limited, directly and indirectly through its subsidiary Phoenix Energy Holdings Limited, in its C$1.9B acquisition of a 60% working interest in Athabasca Oil Corp.’s MacKay River and Dover oil sands projects, and in its subsequent acquisitions of the remaining 40% interest in the MacKay River project for C$680M and the remaining 40% interest in the Dover project for C$1.2B.
  • Keyera Corp. in its acquisition of Alberta EnviroFuels Inc. for US$193.7M, plus working capital of US$43.2M primarily related to butane and iso-octane inventories.
  • Alberta Investment Management Corporation, as Canadian and lead commercial counsel, in its acquisition of 50% of a Chilean electricity distribution business from a Morgan Stanley infrastructure fund.
  • Alberta Investment Management Corporation, as Canadian counsel and lead commercial counsel, in its US$887M acquisition of 50% of Autopista Central (the owner of a Chilean toll road) from Skanska.
  • San Leon Energy Plc in its $139M acquisition of Realm Energy International Corporation.