Akin Gump Advises EP Energy on Pair of Deals

May 2, 2014

Reading Time : 1 min

Contact:

Jacinta O'Shea-Ramdeholl

Director of Communications

Sarah Richmond

Senior Communications Manager

(Houston) – Akin Gump advised EP Energy Corporation in an acquisition from an undisclosed seller of certain producing properties and undeveloped acreage directly offsetting existing Wolfcamp operating areas in Reagan and Crockett Counties in the Southern Midland Basin. The firm also served as counsel to EP Energy in its agreement with a separate company to divest certain non-core assets in the Arklatex Cotton Valley and South Louisiana Wilcox areas.

The aggregate cash purchase price for the properties EP Energy is acquiring is $153 million, while the divested properties will generate $150 million of cash proceeds.

Steve Otillar, a partner in Akin Gump’s energy practice, led the team from the firm advising EP Energy on both transactions.

Founded in 1945, Akin Gump Strauss Hauer & Feld LLP is a leading international law firm with more than 850 attorneys in offices throughout the United States, Europe, Asia and the Middle East.

# # #

Share This Insight

Related Services, Sectors, and Regions

© 2024 Akin Gump Strauss Hauer & Feld LLP. All rights reserved. Attorney advertising. This document is distributed for informational use only; it does not constitute legal advice and should not be used as such. Prior results do not guarantee a similar outcome. Akin is the practicing name of Akin Gump LLP, a New York limited liability partnership authorized and regulated by the Solicitors Regulation Authority under number 267321. A list of the partners is available for inspection at Eighth Floor, Ten Bishops Square, London E1 6EG. For more information about Akin Gump LLP, Akin Gump Strauss Hauer & Feld LLP and other associated entities under which the Akin Gump network operates worldwide, please see our Legal Notices page.