Press Release

Kirkland Counsels Hilcorp on $5.6 Billion Purchase of BP’s Alaska Business

Kirkland & Ellis advised Hilcorp Alaska on its purchase of BP’s entire business in Alaska. Under the terms of the agreement, Hilcorp will purchase all of BP's interests in the state for a total consideration of $5.6 billion. The sale will include BP's entire upstream and midstream business in the state, including BP Exploration (Alaska) Inc., that owns all of BP's upstream oil and gas interests in Alaska, and BP Pipelines (Alaska) Inc.'s interest in the Trans Alaska Pipeline System (TAPS).

Read the BP company release

The Kirkland team was led by transactional partners John Pitts and Jhett Nelson and associate Will Mabry; and included transactional partners Anthony Speier and Chris Heasley and associates Adam Whitehouse, Brice Lipman, Bryan Jones, Trevor Crowley, Tyler Dunphy, Christopher Atmar and Efren Lemus; debt finance partner Will Bos and associate Arthur Lotz; capital markets partners Matt Pacey and Michael Rigdon; tax partner David Wheat and associates Joe Tobias and Melanie Rosin; environmental partner Alexandra Farmer and associate James Dolphin; energy & infrastructure partners Brooksany Barrowes and Robert Fleishman, of counsel Nic Gladd and associate Brett Nuttall; employee benefits partner Alexandra Mihalas and associate Adria Crowe; employment & labor partner Richard Kidd and associate Jaclyn Schruhl; executive compensation partner Mike Krasnovsky and associate Matthew Wood; antitrust & competition partner Carla Hine and associate Evan Turnage.