© 2013 The Texas Lawbook.
By Natalie Posgate
Staff Writer for The Texas Lawbook
(July 3) – Dallas-based EXCO Resources, Inc. announced Wednesday that it will acquire $1 billion worth of Eagle Ford and Haynesville shale assets from subsidiaries of Oklahoma City-based Chesapeake Energy Corporation.
Latham & Watkins is advising EXCO on the transaction with a Houston-based corporate team led by partner Robin Fredrickson. Associates Elizabeth Howard More, Patricia Hammond and Eric Matuszak also worked on the deal.
Fredrickson has represented EXCO in the past. Most recently, she represented the company in March when it closed on a $131 million purchase from an affiliate of BG Group plc of oil and gas assets in Texas and Louisiana – part of a joint venture with Harbinger Group Inc.
Chesapeake’s legal team is from Commercial Law Group PC of Oklahoma City, according to Latham spokeswoman Jamie Zuieback.
After an inquiry, Chesapeake spokesman Jim Gipson refused to disclose which of the company’s subsidiaries are involved in the transaction.
The effective dates of the Eagle Ford and Haynesville acquisitions were April 1 and Jan. 1, respectively. EXCO anticipates completing the transaction this month with the Haynesville acquisition closing first.
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