Sanchez Energy Acquires Tuscaloosa Marine Shale Assets with Help from Akin Gump
(Houston) –Akin Gump Strauss Hauer & Feld LLP provided legal counsel to Sanchez Energy Corporation in its planned acquisition of approximately 40,000 net acres of the Tuscaloosa Marine Shale.
Sanchez Energy, a Houston-based independent oil and gas company, will purchase part of the land from a private equity firm, with the remainder coming from a Sanchez affiliate. The total value of the deal is roughly $78 million in cash and stock along with an agreed well carry. The Tuscaloosa Marine Shale is a sedimentary rock formation that spans much of central Louisiana.
Akin Gump energy partner David Elder led the firm’s representation of Sanchez Energy.
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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