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Texas lawyers from three firms advise on $1.4B Eclipse-Blue Ridge merger

August 27, 2018 Claire Poole

By Claire Poole

(Aug. 27) – Consolidation continues in the oil and gas industry, but this time it isn’t in the Permian Basin of Texas and New Mexico; It’s a merger in Ohio’s Utica Shale involving Eclipse Resources Corp. and Blue Ridge Mountain Resources, creating one of the largest operators focused on the area.

The all-stock transaction, announced Monday, implies an enterprise value for the combination of $1.4 billion and an equity value of $908 million.

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