© 2014 The Texas Lawbook.
By Natalie Posgate
Staff Writer for The Texas Lawbook
(May 9) – Texas-based attorneys at Jones Day are advising Atlas Resource Partners, LP in its $420 million acquisition of oil and gas interests in the Rangely field in northwest Colorado.
The Pittsburgh, Pa.-based company is acquiring the assets from an undisclosed party.
Houston energy partners Jeff Schlegel and Omar Samji led the deal for the Jones Day team and received assistance from Dallas tax partner Todd Wallace and Houston associates David Stringer, Alexandra Wilde, Will Taylor, Kit Rockhill and Robert Dahnke.
Schlegel and Samji have handled various matters for the Atlas Energy family of companies, including Atlas Pipeline Partners’ $1 billion acquisition of the South Texas privately owned midstream operator, TEAK Midstream, LLC, in May 2013.
The transaction involving the Rangely field assets is expected to close in the second quarter of 2014.
A few attorneys on this deal also handled another transaction this week for Indonesian upstream oil and gas company, PT Saka Energi Indonesia, on its $175 million acquisition of assets in the Fasken area of the Eagle Ford Shale from Houston-based Swift Energy Company.
Wallace, Stringer and Wilde were involved with this deal, which was co-led by Houston energy partner Scott Schwind. The transaction marked the first investment by an Indonesian state-owned entity into a U.S. shale.
Latham & Watkins advised Swift in the transaction.
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