HOUSTON (Jan. 23, 2015)– Bracewell & Giuliani LLP is representing HEYCO Energy Group in the sale of its subsidiary, Harvey E. Yates Company, which includes certain oil and natural gas producing properties and undeveloped acreage in Lea and Eddy Counties in New Mexico to Matador Resources Co. (MTDR). Matador will pay $37.4 million in cash, including assumed debt obligations, issue 3.14 million shares of Matador Common Stock and issue 150,000 shares of a new series of Matador Convertible Preferred Stock to HEYCO Energy Group. Matador has agreed to appoint George M. Yates, the Chairman, President and CEO of HEYCO Energy Group, to its Board of Directors.
HEYCO has been active in the upstream oil and natural gas business in the area since the 1920s and is privately owned.
Bracewell attorneys involved include:
Partners: W. James McAnelly, Charles H. Still, Jr., Daniel E. Hemli and Jacqueline R. Java
Associates: Molly E. Butkus, Niki Roberts, Emily E. Leitch, Kathy W. Medford, Yaniv M. Maman and Kate D. Barrington