Winstead Welcomes Energy, Environmental and Commercial Litigation Group and Opens New Orleans Office

Law firm Winstead PC has hired an impressive group of energy, environmental, and commercial litigation attorneys, led by Richard (Rick) M. Simses and Paul M. Lavelle, former partners at Beirne, Maynard and Parsons who each have over 30 years of litigation experience, much of which is Louisiana-based. Simses, Charles Miers and Jon Vicklund are joining the firm’s office in The Woodlands, Texas. Lavelle will open the New Orleans Winstead office, serving as its managing shareholder.

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Tags:  Winstead PC | Houston

Shell Represented by Bracewell in $1.9 Billion Purchase of Chesapeake’s Permian Basin Assets

Bracewell & Giuliani LLP is representing SWEPI LP, a subsidiary of Royal Dutch Shell, in its agreement to purchase Chesapeake Energy Corporation’s assets in the southern Delaware Basin portion of the Permian Basin. Shell has agreed to pay Chesapeake $1.9 billion for 618,000 net acres in the Permian Basin that produce approximately 26,000 barrels of oil equivalent per day.

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Gardere Represents BP in Sale of Gulf of Mexico Assets to Plains Exploration and Production Company

Gardere Wynne Sewell LLP represented BP in its sale, announced on Sept. 10, 2012, of interests in a number of oil and gas fields in the deepwater U.S. Gulf of Mexico to Plains Exploration and Production Company for a total of $5.55 billion. BP is selling its interests in three BP-operated assets: the Marlin hub, comprised of the Marlin Dorado and King fields; Horn Mountain; and Holstein. The deal also includes BP’s stake in two non-operated assets: Ram Powell and Diana Hoover. Completion of the sale remains subject to regulatory approvals, certain pre-emption rights, and customary conditions. The acquisition is expected to close by the end of 2012.

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Bracewell Assists Plains Exploration in $6 Billion Acquisition Financing for Gulf of Mexico Interests

Bracewell & Giuliani LLP is representing Plains Exploration & Production Company (PXP) in the acquisition financing related to PXP’s agreement to acquire Gulf of Mexico interests from BP Exploration & Production Inc. and BP America Production Company (BP) and from Shell Offshore Inc. (Shell). PXP will acquire from BP all of their interests in certain deepwater Gulf of Mexico oil and gas properties for $5.55 billion. PXP will also acquire from Shell its 50% working interest in the Holstein Field for $560 million.

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Latham – PXP Advised in $5.55 Billion Acquisition of Deepwater Gulf of Mexico Oil and Gas Properties

Plains Exploration & Production Company (PXP) has announced it has entered into a definitive agreement to acquire from BP Exploration & Production Inc. and BP America Production Company (“BP”) all of their interests in certain deepwater Gulf of Mexico oil and gas properties for $5.55 billion, as detailed in the press release below issued by PXP.

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Tags:  Latham & Watkins LLP | Houston