Bracewell LLP is representing Apache Corporation (NYSE, Nasdaq: APA) in the sale of its Gulf of Mexico Shelf operations and properties to Fieldwood Energy LLC (Fieldwood), an affiliate of Riverstone Holdings, for $3.75 billion.
Fieldwood will assume all asset retirement obligations for these properties and Apache will retain 50 percent of its ownership interest in all exploration blocks and in horizons below production in developed blocks.
The transaction is effective July 1, 2013 and, subject to customary regulatory approvals, is expected to close September 30, 2013.
Bracewell attorneys involved in the transactions include:
Partners: G. Alan Rafte, Kristen V. Campana, Daniel E. Hemli, Bruce R. Jocz, Bryan E. Loocke, Elizabeth L. McGinley, Robin J. Miles
Counsel: Jacqueline R. Java
Associates: Stephen M. Boone, Laura S. Martone, Christopher J. Miller
Bracewell's energy practice draws upon the firm’s full global resources in all areas of business law, representing domestic and international energy industry clients in matters related to operations, finance, restructuring, governmental regulation, tax, environment, governance, litigation, and strategic communications. The firm and its attorneys are recognized among top energy, M&A and capital markets counsel by ranking bodies including Chambers & Partners and Legal 500, and in league tables from Thomson Reuters, Bloomberg and mergermarket.