© 2017 The Texas Lawbook.
By Mark Curriden
(Jan. 8) – Austin-based Venado Oil & Gas entered into an agreement Friday to acquire 37,500 acres and a 12.5 percent interest in midstream assets in the Maverick Basin and Eagle Ford area of South Texas from SM Energy, a century-old independent exploration and production company, for $800 million.
Venado, which is an affiliate of KKR, chose Baker Botts partner Mike Bengtson of Austin to advise it on the transaction.
SM Energy General Counsel David Copeland, who is the former GC at Concho Resources and a lawyer in Midland, is leading the deal for the Denver company. SM Energy Associate GC James Lebeck, who previously worked as an M&A lawyer at Vinson & Elkins, is also a leader of the transaction.
Scotia Waterous served as the SM Energy’s financial advisor in this transaction.
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