Bracewell Serving as Counsel to Ameredev in Sale of Permian Basin Properties to Callon Petroleum Company for $615 Million

HOUSTON – Bracewell LLP is serving as counsel to American Resource Development LLC, American Resource Development Upstream LLC, and American Resource Development Midstream LLC (collectively, “Ameredev”) in its sale of Permian Basin properties for a total consideration of $615 million in cash to Callon Petroleum Operating Company, a wholly owned subsidiary of Callon Petroleum Company (NYSE: CPE). The sale includes approximately 27,552 gross (16,098 net) surface acres in West Texas with current net production of approximately 1,945 barrels of oil equivalent per day.

Ameredev is an Austin-based exploration and production company focused on the acquisition and development of oil and gas properties in the Permian Basin.

Bracewell lawyers involved in this transaction include:

Austin T. Lee, Elizabeth L. McGinley, Troy L. Harder, Scott B. Thompson and John Stavinoha