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
Bryan Bishop,
Paul Nason,
Geoff Polma,
Henry Benton (all of Dallas),
Jerry Higdon and
Ed Razim (both of Houston) and
Tom Knight (Washington, D.C.).
Posted on July 27, 2018