Boughton Law proudly represented 5 Alberta-based Indigenous Communities, through a newly formed partnership called Northern Lakeland Indigenous Alliance, in their acquisition of a 43% interest in the Access NGL Pipeline System, operated by Wolf Midstream Canada LP (Wolf Midstream). The pipeline system connects Wolf Midstream’s newly constructed, owned and operated NGL recovery facility near Mariana Lake to its NGL separation facility in Sturgeon County.
The financing was completed with non-recourse debt and included a loan guarantee of $103 million from the Alberta Indigenous Opportunities Corporation.
The five participating Indigenous Communities holding equity are:
Buffalo Lake Metis Settlement
Kikino Metis Settlement
Heart Lake First Nation
Whitefish Lake First Nation
Saddle Lake Cree Nation