Akin Gump Advises Sanchez Energy in Carnero Gathering Transaction
(Houston) – Sanchez Energy Corporation has announced it has executed an agreement with Sanchez Production Partners LP (SPP) pursuant to which SPP has acquired Sanchez Energy’s 50 percent interest in Carnero Gathering, LLC. Akin Gump represented Sanchez Energy in connection with the negotiation of the Carnero Gathering transaction, which calls for an initial payment of approximately $37 million and the assumption by SPP of remaining capital commitments to Carnero Gathering, estimated at approximately $7.4 million.
The Akin Gump team advising Sanchez Energy was led by oil and gas partner David Elder. It included oil and gas partner Patrick Hurley, oil and gas associate Heather Ashour; and tax partner Alison Chen.
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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