© 2014 The Texas Lawbook.
By Natalie Posgate – (October 8) – Houston-based Natural Resource Partners LP has announced that it will acquire non-operated working interests in oil and gas properties located in the Bakken/Three Forks play of the Williston Basin from an affiliate of Tulsa-based Kaiser-Francis Oil Company for $340 million.
Houston lawyers from Latham & Watkins advised NRP, with oil and gas transactions partners Michael King and Michael P. Darden as the lead attorneys. Associates Stephen Szalkowski and Stefanie Vincent were also part of the deal team. Partner Timothy Fenn and associate James Cole provided advice on tax matters.
NRP General Counsel Kathryn Wilson was also involved in the deal. Before joining NRP in December 2013, Wilson practiced corporate and securities law at Vinson & Elkins. She has also served as the general counsel for a plethora of other companies, including Quintana Minerals Corporation, New Gauley Coal Corporation, the general partners of Western Pocahontas Properties Limited Partnership and Great Northern Properties Limited Partnership and Antero Resources Corporation.
Tulsa law firm Frederic Dorwart Lawyers represented Kaiser-Francis in the transaction, which is expected to close in November.
The assets NRP will acquire include 186 producing wells and 10 wells in various stages of development. They have an estimated average current production of 3,100 Boe/d.
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