Press Release

Kirkland Advises Alta on $1.24 Billion Purchase of Marcellus Shale Natural Gas Assets from Anadarko

Kirkland & Ellis LLP counseled Alta Marcellus Development, LLC, a wholly owned subsidiary of Alta Resources Development, LLC, on its decision to purchase from Anadarko Petroleum Corp. (NYSE: APC) its operated and non-operated upstream assets and operated midstream assets in the Marcellus Shale of north-central Pennsylvania for approximately $1.24 billion. The midstream assets in the Marcellus owned by Western Gas Partners, LP (NYSE: WES), Anadarko's sponsored master limited partnership, are excluded from the agreement. The full release is available here.

The Kirkland team was led by corporate partners Andrew Calder, John Pitts, Scott Gordon and Cody Carper and associates Lauren Dies, David Thompson, Barrett Schitka and David Moore; debt finance partners Will Bos and Lucas Spivey and associate Jordan Roberts; capital markets partner Justin Fitzgerald Hoffman; investment funds partner Matthew Nadworny; and tax partner Chad McCormick and associate Tim Campany.