Kirkland & Ellis LLP represents Blackstone (BX) and Vine Oil & Gas LP, a recently formed exploration and production company headquartered in Dallas, Texas, which today announced a definitive agreement to acquire the Haynesville assets of SWEPI LP and Shell Gulf of Mexico Inc., affiliates of Royal Dutch Shell plc, for $1.2 billion. The assets comprise over 107,000 net acres in North Louisiana in the core of the Haynesville Shale natural gas shale basin. The transaction is subject to customary closing conditions and regulatory approvals, and is expected to close in the fourth quarter of 2014.
The Kirkland team was led by a Houston-based team of corporate partners Anthony Speier, Andrew Calder and William Benitez, and debt finance partners Jay Ptashek (New York) and William Bos.
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