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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Tags:  Foley & Lardner LLP | Houston

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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Tags:  Bracewell LLP | Houston

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

Andrews Kurth Files Amicus Brief on Behalf of Houston Community College System in Support of The University of Texas at Austin

On August 13, 2012, Andrews Kurth LLP, a recognized leader in the diversity and inclusion arena, filed an Amicus Briefon behalf of its client the Houston Community College System (“HCC”) in support of the Respondents in Fisher v. University of Texas at Austin, et al., Case No. 11-345, now pending before the United States Supreme Court. Oral arguments are scheduled for October 10, 2012.

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Bracewell Represents Canyon Partners LLC in $200 Million Acquisition of Houston Pavilions

Bracewell & Giuliani LLP represented Canyon Partners LLC in the $200 million acquisition of Houston Pavilions, a mixed-use complex. Investment manager Canyon Partners LLC is partnering with basketball legend Earvin “Magic” Johnson in a private equity venture, one that has teamed up with Texas developer Midway Cos. for this particular acquisition.

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Bracewell Represents Citigroup in Financing Connected with Boardwalk Pipeline Partners’ Purchase of PL Midstream LLC

Bracewell & Giuliani LLP represents Citigroup, as lead arranger and administrative agent, in a $225 million term loan acquisition financing to a joint venture between Boardwalk Pipeline Partners and its general partner Loews Corporation, in connection with the acquisition of PL Midstream LLC from PetroLogistics. PL Midstream provides salt-dome storage, pipeline transportation, fractionation and brine supply services for producers and consumers of natural gas liquids, natural gas, and petrochemical through southern Louisiana.

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Tags:  Bracewell LLP | Houston