© 2013 The Texas Lawbook.
By Mark Curriden
Senior Writer for The Texas Lawbook
Dallas-based Exco Resources announced Friday that it has officially closed it’s $725 million joint venture to create a private oil and gas partnership with New York-based Harbinger Group, which is controlled by billionaire hedge fund manager Philip Falcone.
The new partnership has agreed to purchase and operate Exco’s conventional oil and natural gas assets in the U.S., including assets in West Texas’ Canyon Sand formation and in oil fields in East Texas.
Andrews Kurth is advising Harbinger, while Latham & Watkins in Houston represents Exco.
For AK, oil and gas transactional partner Cheryl Phillips and corporate securities partner David Buck – both in Houston – are advising Harbinger. Other AK lawyers playing a key role in the transaction include corporate securities partner Jon Daly of Houston; Houston tax law partner Robert McNamara; antitrust law partner Kay Lynn Brumbaugh of Dallas; Houston corporate securities associate Jennie Miller; and Houston tax law associate Alison Chen.
Latham energy M&A partners Robin Fredrickson and Bill Finnegan are leading the deal for Exco. Latham associates Matthew Williams, Elizabeth Howard, Chris Bennett, and Patricia Hammond also are working on the transaction.
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