On November 10, 2017, Husky Energy Inc. ("Husky") announced the closing of its acquisition of the Superior Refinery from Calumet Specialty Products Partners, L.P. for US$435 million in cash.
Superior Refinery is a 50,000 barrel per day permitted capacity facility located in Superior, Wisconsin that processes light and heavy crude oil into fuel products and asphalt.
Husky is an integrated energy company headquartered in Calgary, Alberta. It has approximately 5,200 employees and has average daily production of about 320,000 barrels of oil equivalent per day.
With the addition of the Superior Refinery, Husky’s total downstream capacity will increase to approximately 395,000 barrels per day.
Osler, Hoskin & Harcourt LLP represented Husky as US counsel with a team consisting of Jennifer Lee and Kevin Colan (Taxation), and Dan Kolibar and Mike Budabin McQuown (Corporate).