On December 4, 2024, certain subsidiaries of Covault Resources LLC, a Denver-based energy investment firm, completed the purchase of certain Canadian and US assets from Star Valley and certain of its subsidiaries. The assets constituted substantially all of the assets used by Star Valley and those certain subsidiaries in connection with their drill pipe rental business and included certain intellectual property used in the business, including patents licensed for the DUO™ connection design.
Fasken advised Covault with a team lead by Brendan Sawatsky and including Holly Barker (Corporate), Bruce Graham (Employment), Andrew Burt and Maddison Cannuel (Banking).
Jurisdictions
- Alberta
- Delaware
