Press release
Gardere Represents BP in Sale of Hugoton Basin Properties to LINN Energy, LLC
HOUSTON – 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, Kan., 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.
Gardere’s Energy Industry practice group is a multidisciplinary group made up of approximately 60 attorneys with diverse backgrounds, experience, and skills specific to the energy industry. This national and international energy practice serves clients across all sectors of the energy industry – upstream, midstream, downstream, power and renewables – providing a broad range of specialties, including mergers, acquisitions and divestitures, joint ventures, infrastructure development, finance transactions, project finance, tax, commercial contracting, environmental, intellectual property, labor and employment, bankruptcy and workout transactions, energy regulatory, and arbitration and litigation.
Chambers USA consistently recognizes Gardere’s Corporate/M&A practice and the Energy: Oil & Gas (Transactional) practice as two of the best in the nation.
Gardere Wynne Sewell LLP, an AmLaw 200 firm founded in 1909 and one of the Southwest’s largest full-service law firms, has offices in Austin, Dallas, Houston and Mexico City. Gardere provides legal services to private and public companies and individuals in areas of corporate, litigation, energy, tax, real estate, financial services, government affairs, hospitality, intellectual property, labor and employment and environmental. For more information, contact Kristin Butler at 214.999.4843 or kbutler@gardere.com.
Gardere Wynne Sewell LLP
1000 Louisiana, Suite 3400
Houston TX 77002
713.276.5500
Press Contact: Rhonda Reddick, Androvett Legal Media, rhonda@androvett.com, 800.559.4534
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