Vinson & Elkins advised Riverstone Holdings in an investment by its affiliate in Canadian Non-Operated Resources LP (CNOR), a newly-formed, Calgary-based oil and gas company that will pursue partnerships with top-tier operators to develop oil and gas assets in the Western Canadian Sedimentary Basin. The aggregate equity commitments to CNOR are approximately C$675 million, of which affiliates of Riverstone committed C$300 million, with the rest of the equity commitment made by a Middle Eastern sovereign wealth fund, CNOR’s management team and other strategic investors.
The V&E transactional team was led by partner Jim Fox and associates Dan Komarek, Eliot Cotton and Xiaotang Wang with assistance from partners David Peck and David D’Alessandro and associate Stephen Jacobson.
