Akin Gump Advises EOG Resources in Oklahoma Joint Venture with The Carlyle Group
(Houston) – Akin Gump advised EOG Resources, Inc. in an agreement under which global alternative asset manager The Carlyle Group will spend approximately $400 million over four years to fund the development of EOG’s oil and gas assets in Ellis County, Oklahoma. In exchange for the funding of operational costs, Carlyle will earn working interests in the assets that will largely revert to EOG after certain performance hurdles are met.
The Akin Gump team that advised EOG in the matter was led by oil and gas partner David Sweeney, counsel James Robertson and associate Shawn Beloin; tax partner W. Thomas Weir; and environment and natural resources partner David Quigley.
Founded in 1945, Akin Gump Strauss Hauer & Feld LLP is a leading international law firm with more than 900 lawyers in offices throughout the United States, Europe, Asia and the Middle East.
# # #