The firm is representing Petrohawk Energy Corporation in connection with its acquisition by BHP Billiton in a transaction valued at approximately $15.1 billion. The transaction, which is subject to at least a majority of the outstanding Petrohawk shares being tendered and other customary conditions, is expected to be completed in the third quarter of 2011 (more…)
The Texas Supreme Court ruled unanimously late last week in favor of BP America Production Co. (“BP”) in a closely-watched case involving two recurring issues: (1) the duty of royalty owners to bring actions in a timely fashion, and (2) the requisites of adverse possession when unleased co-tenants mistakenly believe their mineral interests are under lease (more…)