© 2015 The Texas Lawbook.
By Natalie Posgate
(July 16) – Tulsa-based WPX Energy turned to a team of Dallas attorneys from Weil, Gotshal & Manges to advise on its $2.35 billion acquisition of Oklahoma City-based RKI Exploration & Production, announced earlier this week.
The acquisition gives WPX significant access to the Permian Basin, where a large amount of RKI’s assets are located.
Partners Glenn West and James Griffin led Weil’s corporate team and received assistance from associates Ryan Gorsche, Dilen Kumar and Jacqui Bogucki.
Other Weil attorneys from the Dallas office who worked on the deal included energy partner Rodney Moore and associate Monty Ward and banking partner Courtney Marcus and associate Brendan Conley.
New York-based Weil lawyers advised on capital markets and banking aspects of the deal.
In October, West led another team that advised WPX’s subsidiary, Apco Oil & Gas International, when Pluspetrol Black River bought it for $430 million.
Oklahoma law firm Crowe & Dunlevy advised RKI in the current deal.
The transaction, which assumes $400 million of debt, is expected to close in the third quarter. RKI also has assets in Wyoming’s Powder River Basin, which were not included in WPX’s purchase. A company statement said RKI will divest or transfer out those assets before the transaction closes.
© 2014 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.
If you see any inaccuracy in any article in The Texas Lawbook, please contact us. Our goal is content that is 100% true and accurate. Thank you.