Locke Lord Represents Merit Energy Company in Acquisition of Issued Share Capital of BHP Billiton Petroleum (Arkansas) and Membership Interests in BHP Billiton Petroleum (Fayetteville)

A Locke Lord team led by Van Jolas (Dallas) represented Merit Energy Company in MMGJ Hugoton III, LLC’s acquisition of 100 percent of the issued share capital of BHP Billiton Petroleum (Arkansas) Inc. and 100 percent of the membership interests in BHP Billiton Petroleum (Fayetteville) LLC from BHP Billiton Ltd. for $300 million. BHP Billiton Petroleum (Fayetteville) LLC holds BHP’s Fayetteville assets consisting of 268,000 net acres. The transaction is subject to customary closing conditions. Additional assistance was provided by Jason Schumacher, Bryan Bishop, Will Becker, Paul Nason, Geoff Polma, Henry Benton and Stephanie McDermott (all of Dallas), Michelle Earley (Austin), Jerry Higdon and Ed Razim (both of Houston) and Tom Knight (Washington, D.C.).