Baker Botts and Doherty & Doherty Advise in $278 Million Energy Deal – Updated

© 2014 The Texas Lawbook.By Natalie Posgate – (August 4) – Houston-based Vanguard Natural Resources LLC has agreed to acquire $278 million worth of energy assets in North Louisiana and East Texas from Dallas-based Hunt Oil Company. Austin corporate partner Mike Bengston of Baker Botts led the transaction for Hunt, with assistance from Houston associates Erin Hopkins and Lindsey Blankenau. In-house lawyers involved in the deal on Hunt’s end include General Counsel Mark Gunnin, and assistant GCs Jim Johnson and Jason Green. In January 2012, a group of Baker Botts attorneys including Bengston advised Hunt when it sold 35 percent of its interest in its Eagle Ford Shale acreage to Japan’s Marubeni Corp and agreed for the two companies to jointly develop it – a project that was projected to cost $1.3 billion over the next 10 years. Houston attorney Pat Doherty of Doherty & Doherty represented Vanguard in the deal. Doherty said his firm has handled acquisition matters for Vanguard for the past five years. In May, Doherty & Doherty handled an asset exchange for Vanguard in which the company acquired natural gas and NGL properties in the Wamsutter natural gas field in Wyoming from Houston-based Marathon Oil Company…