Staff
Ontario Teachers’ Pension Plan has completed the $3.3 billion acquisition of Heritage Royalty Limited Partnership, a former subsidiary of Cenovus Energy Inc. that holds a broad portfolio of oil and gas royalties in Western Canada.
Calgary-based Heritage Royalty owns approximately 4.8 million fee title acres in Alberta, Saskatchewan and Manitoba. It also holds gross overriding royalties on 0.5 million acres at Cenovus’ Pelican Lake and Weyburn properties, two large-scale, long-life oil projects.
Heritage Royalty’s approximately 40 employees are being brought together in one Calgary office location.
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