Kirkland Counsels KKR on Sale of Eagle Ford Properties to WildHorse Resource Development Corp. for $625 Million

Kirkland & Ellis LLP advised affiliates of Kohlberg Kravis Roberts & Co. L.P. (KKR) on its decision with Anadarko Petroleum Corp. (APC) to sell approximately 111,000 net acres and associated production to WildHorse Resource Development Corp. (NYSE:WRD) for an aggregate consideration of $625 million payable in cash and common stock, subject to certain customary closing conditions. Fourth quarter 2016 net production on the acquired properties was 7,583 barrels of oil equivalent per day (Boe/d) consisting of 72 percent oil from 386 operated wells. The transaction is expected to close on or about June 30, 2017 with an effective date of Jan. 1, 2017. The full release is available here.
 
The Kirkland team was led by corporate partners Anthony Speier, Doug Bacon, John Pitts and David Castro and associates Christopher Heasley and Cy Jones.