Thompson & Knight Assists Cardinal Midstream in $268 Million Acquisition of Woodford Shale Assets

Dallas – The global law firm of Thompson & Knight LLP has assisted Cardinal Midstream, LLC (“Cardinal”) in the acquisition of midstream assets located in the Woodford Shale area of the Arkoma Basin in Oklahoma from Antero Resources (“Antero”) for approximately $268 million.

Under the terms of the agreement, Cardinal will acquire 60% of Antero’s membership interest in Centrahoma Processing LLC, a joint venture with MarkWest Energy Partners, L.P. that operates two cryogenic processing plants in the Arkoma Basin. Additionally, Cardinal will acquire Antero’s Northern Front and East Rockpile gathering systems in the Woodford Shale play as well as its amine treating plant for CO2 removal located in the East Rockpile area.

Arthur J. Wright led the Thompson & Knight team of attorneys working on the transaction, which included Partners Wesley P. Williams and R. David Wheat as well as Associates Jennifer M. Avery, Brandon L. Bloom, Melissa Deal, and Carolyn S. Mulvey.

Cardinal is a privately held natural gas midstream company focused on natural gas gathering, transportation, processing, and treating services. The Dallas-based company was founded in September 2008 through a partnership with EnCap Investments, L.P. and Flatrock Energy Advisors, LLC.

Headquartered in Denver, Antero is an independent oil and natural gas company engaged in the acquisition, development, and production of unconventional natural gas properties primarily located in the Appalachian Basin in West Virginia and Pennsylvania, the Arkoma Basin in Oklahoma, and the Piceance Basin in Colorado.

Established in 1887, Thompson & Knight is a full-service firm providing legal solutions to public and private companies, governments, and individuals in all areas, including commercial and tort litigation, finance, banking, securities, mergers and acquisitions, taxation, intellectual property, corporate governance, creditors rights, real estate, labor, white collar defense, and environmental matters, among others. We are particularly recognized for our depth of experience and capabilities on behalf of clients in the energy industry, both domestically and around the world. Thompson & Knight has approximately 350 attorneys with offices in Texas and New York and international offices and associations in the Americas, North Africa, Europe, and Asia.

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This release was published on openPR.