Akin Gump Advises on E&P Transaction in Texas and New Mexico

(Houston) – Akin Gump represented a Fortune 500 exploration and production (E&P) company in the acquisition from a private E&P company of oil and gas leases and wells and associated equipment in the Delaware Basin in West Texas and New Mexico. The deal is valued at more than $261 million, subject to closing adjustments.

The transaction, which is anticipated to close in September, includes approximately 16,500 net acres of undeveloped leasehold and 32 existing wells.

Michael Byrd, a partner in Akin Gump’s oil and gas practice, led the team advising the buyer. He was joined by counsel Cody Carper and associates Rahul Vashi and Adam Garmezy.

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.

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