© 2014 The Texas Lawbook.
By Natalie Posgate
Staff Writer for The Texas Lawbook
(January 17) – At the end of 2013, Dallas-based Chief Oil & Gas and its working interest partners acquired MKR Holdings LLC from a subsidiary of Chesapeake Energy Corporation for about $500 million.
Haynes and Boone represented Chief, with Dallas corporate partners Tom Harris and John McGowan as the lead attorneys. Also assisting in the transaction were Dallas corporate associates Kindal Kreamer and Brandon McCoy and energy of counsel Michael Cooper. New York partner Sam Lichtman provided tax advice to Chief.
Steve Haworth, Chief’s general counsel and senior vice president, was also involved.
Before joining Chief in 2012, Haworth held legal positions at Sun Oil Company (now Sunoco) and Texas Oil & Gas Corp.
Oklahoma City-based Chesapeake turned to local counsel from Commercial Law Group for its legal advice.
Chief’s acquisition includes leasehold interests in Bradford, Lycoming, Sullivan, Susquehanna and Wyoming counties in Pennsylvania. Chief had existing working interest in many of these wells and will be increasing its ownership percentage in these and future wells as a result of the acquisition.
Chief’s working interest partners that were involved in the acquisition were Enerplus Resources and Forth Worth-based Tug Hill.
© 2014 The Texas Lawbook. Content of The Texas Lawbook is controlled and protected by specific licensing agreements with our subscribers and under federal copyright laws. Any distribution of this content without the consent of The Texas Lawbook is prohibited.
If you see any inaccuracy in any article in The Texas Lawbook, please contact us. Our goal is content that is 100% true and accurate. Thank you.