© 2014 The Texas Lawbook.
By Natalie Posgate
Staff Writer for The Texas Lawbook
(March 31) – An affiliate of Fort Worth-based TPG Capital announced Monday that it has agreed to purchase certain natural gas properties in Wyoming from Encana Oil & Gas (USA) Inc. for $1.8 billion.
The properties are located in the Jonah field of Sublette County, Wyoming. The field is about 24,000 acres and has more than 1,500 active wells. Included in the transaction are more than 100,000 undeveloped acres adjacent to Jonah known as the Normally Pressured Lance (NPL) area
Vinson & Elkins advised TPG in the transaction. The M&A matters were led by Houston partner Keith Fullenweider, Dallas associate John Grand and New York partner David Cohen and received assistance from Dallas associates Thomas Laughlin and Rob Derivaux and New York associate Carson Sieving.
Houston and Dallas tax partners John Lynch and Todd Way were also involved in the transaction, as well as Houston energy regulatory partner James Olson and New York finance partner David Wicklund.
In-house TPG attorneys Skip Marter and Scott Regan were also involved.
Fullenweider has a history of leading transactions for TPG. In November 2013, he led a deal for TPG and ACON Investment, LLC when they sold all of their interests in Northern Tier Energy, LP for $775 million. In April 2013, Fullenweider led the $5 billion sale of TPG’s ownership in Copano Energy, LLC to Kinder Morgan Energy Partners, LP.
Denver law firm Davis Graham & Stubbs provided legal advice for Encana in the transaction.
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