Gardere Wynne Sewell LLP represented BP America Production Company (NYSE:BP) in its $1.2 billion sale of Hugoton Basin properties to an affiliate of LINN Energy, LLC (Nasdaq:LINE) in a transaction that was signed Feb. 28, 2012. Included in the sale are the Jayhawk gas processing plant located in Hugoton, Kansas and BP’s interest in approximately 2,400 wells in the Hugoton natural gas field. Completion of the sale remains subject to customary regulatory approvals and conditions. The acquisition is expected to close in March 2012.
The Gardere team was led by energy mergers and acquisitions partner Timothy M. Spear, with assistance from energy mergers and acquisitions partner Douglas K. Eyberg, and energy associates Eunice Song, Jennifer L. Smith, and Austin Ke.
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