© 2012 The Texas Lawbook.
By Mark Curriden
Senior Writer for The Texas Lawbook
For the second time in seven months, Thompson & Knight is advising Houston-based Halcón Resources Corporation in a billion-dollar transaction.
This week, Halcón announced that it is paying $1.45 billion to purchase North Dakota oil and gas assets from Dallas-based Petro-Hunt. The deal is about half cash and half Halcón stock.
T&K’s legal team is being led by Houston corporate partners William Heller and Harry Beaudry, and oil and gas partner Hunter White. T&K tax partner Roger Aksamit and finance partner Andrew Flint, also of Houston, are playing significant roles in the transaction.
This is the third major deal that Heller and Beaudry have led for Halcón. In April, the pair represented the Houston company in its $1 billion cash/stock purchase of Houston’s GeoResources Inc. In February, they advised Halcón in its $550 million capitalization of Tulsa, Okla.-based RAM Energy Resources. Last year, Heller and Beaudry represented Oklahoma-based Bronco Drilling in the company’s $315 million sale to Oklahoma City-based Chesapeake Energy.
Fulbright & Jaworski is reportedly advising Petro-Hunt.
As part of the transaction, the Canadian Pension Plan Investment Board, which is being represented by Vinson & Elkins partners Kathryn Wilson and Keith Fullenweider, is purchasing $300 million in Halcón stock.
© 2012 The Texas Lawbook. Content of The Texas Lawbook is controlled and protected by specific licensing agreements with our subscribers and under federal copyright laws. Any distribution of this content without the consent of The Texas Lawbook is prohibited.