Kirkland & Ellis LLP advised GEP Haynesville, LLC in its $850 million acquisition of Haynesville Shale assets from indirect, wholly-owned subsidiaries of Canada-based Encana Corporation (TSX: ECA, NYSE: ECA). The properties, which are located primarily in DeSoto and Red River Parishes, Louisiana, contain approximately 112,000 net acres and 300 operated wells in the most prolific area of the Haynesville Shale. (more…)
A multi-office team at international law firm Greenberg Traurig, LLP obtained a jury verdict of non-infringement in a patent trial on behalf of Rex Medical, LP and Argon Medical Inc. against a non-practicing entity called EVM Systems, a subsidiary of Acacia, the world’s largest patent holding company. The case was tried in the Eastern District of Texas, Tyler Division before the Honorable Judge Robert W. Schroeder, III. After a five-day trial, the jury returned its non-infringement verdict in just under two hours on Friday, Aug. 21. (more…)
Bracewell & Giuliani LLP successfully defended energy investment bank Mueller Chen & Co LLC (Mueller) in a $46.5 million fraud and breach of contract case in the Fifth Circuit Court of Appeals, which completely affirmed the August 2014 dismissal of all claims against Mueller. (more…)
King & Spalding obtained a victory on behalf of former officers of ATP Oil & Gas Corp., persuading a federal court to dismiss claims brought by a putative class that had purchased $1.5 billion in notes from the company. In an Aug. 14 ruling, the U.S. District Court for the Eastern District of Louisiana dismissed with prejudice the claims brought under Section 11 of the Securities Act of 1933. (more…)
Sidley advised Denham Capital Management LP in its acquisition of Platino Energy Corp., an Alberta-based exploration and production company with operations in Colombia, for CAD $17.3 million. Sidley assisted Denham in taking Platino Energy Corp. private by acquiring all publicly held shares that traded on the Toronto Venture Exchange. The deal team was led by partner Cliff Vrielink (Houston) along with associates Tommer Yoked (Houston) and Margaret Mudd (Houston),Tax partner Tim Devetski (Houston), and Employee Benefits partner Corey Perry (Chicago). Sidley also worked with Canadian and Colombian counsel to advise Denham on the transaction.
Lone Star Funds of Dallas used three firms for its pending acquisition of Home Properties, a Rochester-based multifamily real estate investment trust, for $7.6 billion, including assumed debt.
Lone Star turned to Gibson, Dunn & Crutcher; Hunton & Williams; and Skadden, Arps, Slate, Meagher & Flom. Lone Star’s financial adviser, Goldman, Sachs & Co., used Cleary Gottlieb Steen & Hamilton.
Hogan Lovells advised Home Properties on the transaction. Sidley Austin advised BofA Merrill Lynch, which was financial adviser to Home Properties. (more…)
Akin Gump advised Genesis Energy, L.P., a master limited partnership or MLP, in an approximately $204 million underwritten public offering of common units representing limited partner interests. Genesis will use the net proceeds from that offering for general partnership purposes, such as funding acquisitions (including organic growth projects) or repaying a portion of the borrowings outstanding under its revolving credit facility (more…)
Akin Gump advised Sanchez Energy Corporation (SN) in the execution and closing of an agreement with Sanchez Production Partners LP (SPP) to sell escalating amounts of partial working interests in certain wellbores and associated assets to a subsidiary of SPP for aggregate consideration of approximately $85 million to the Company, subject to normal and customary closing and post-closing adjustments. In connection with the transaction, SN novated certain gas and oil hedging transactions related to the production of the wellbores to SPP (more…)
Vinson & Elkins advised Foresight Reserves, LP, owner of Foresight Energy GP LLC, in an agreement with Murray Energy to acquire a controlling interest in Foresight Energy LP and Foresight Energy GP, to create the premier coal mining company in the U.S. The company will control over nine billion tons of coal reserves and will be one of the leading coal companies in the world (more…)