Akin Gump Advises EP Energy on Pair of Deals
(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.
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