Gardere Represents BP in Sale of Hugoton Basin Properties to LINN Energy LLC

Gardere Wynne Sewell LLP represented BP America Production Company (NYSE:BP) in its $1.2 billion sale of Hugoton Basin properties to an affiliate of LINN Energy LLC (Nasdaq:LINE) in a transaction that was signed Feb. 28, 2012. Included in the sale are the Jayhawk gas processing plant located in Hugoton, Kansas and BP's interest in approximately 2,400 wells in the Hugoton natural gas field. Completion of the sale remains subject to customary regulatory approvals and conditions. The acquisition is expected to close in March 2012.

The Gardere team was led by Partner Timothy M. Spear, with assistance from Partner Douglas K. Eyberg, and Associates Eunice Song, Jennifer L. Smith and Austin Ke.

Gardere's Energy Industry Practice Group is a multidisciplinary group made up of approximately 60 attorneys with diverse background, 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 USA consistently recognizes Gardere’s Corporate/M&A practice and the Energy: Oil & Gas (Transactional) practice as two of the best in the nation.