Gardere Wynne Sewell LLP represented BP America Production Company (NYSE:BP) in its $1.03 billion sale of its interests in Jonah and Pinedale upstream operations in Southwestern Wyoming to LINN Energy, LLC (Nasdaq:LINE). Included in the sale are BP's operations center in Sublette County, Wyoming, and all of its working interest in a substantial number of operated and non-operated wells that are producing natural gas, natural gas liquids and oil. Completion of the sale remains subject to customary regulatory approvals and conditions. The acquisition is expected to close in July 2012.
The Gardere team was led by Energy Mergers and Acquisitions Partner Douglas K. Eyberg, with assistance from Energy Partners Timothy M. Spear and Jerry A. DeVault, and Associates Eunice Song, Jennifer L. Smith, Khurram Jiwani, Rex G. Baker IV and Austin Ke.
Gardere's Energy Industry Practice Group is a multidisciplinary group made up of approximately 60 attorneys with diverse backgrounds, experience, and skills specific to the energy industry. This national and international energy practice serves clients across all sectors of the Energy Industry—upstream, midstream, downstream, power, and renewables—providing a broad range of specialties, including mergers, acquisitions and divestitures, joint ventures, infrastructure development, finance transactions, project finance, tax, commercial contracting, environmental, intellectual property, labor and employment, bankruptcy and workout transactions, energy regulatory, and arbitration and litigation.
Chambers and Partners consistently recognizes Gardere's Corporate/M&A practice and the Energy: Oil & Gas (Transactional) practice as two of the best in the nation.