News Releases

Baker Botts Represents Chesapeake Energy Corporation in $3.977 Billion Acquisition of WildHorse Resource Development Corporation 

Deal Description: October 30, 2018 – Chesapeake Energy Corporation (NYSE: CHK) (“Chesapeake”) has agreed to acquire WildHorse Resource Development Corporation (NYSE: WRD) (“WildHorse”), an oil and gas company with operations in the Eagle Ford Shale and Austin Chalk formations in southeast Texas, in a transaction valued at approximately $3.977 billion, including the value of WildHorse’s net debt of $930 million as of June 30, 2018. At the election of each WildHorse common shareholder, the consideration will consist of either 5.989 shares of Chesapeake common stock or 5.336 shares of Chesapeake common stock and $3.00 in cash for each share of WildHorse common stock.  WildHorse will nominate two individuals who will be added to Chesapeake’s board of directors. The transaction, which is subject to shareholder approvals from both companies and customary closing conditions and regulatory approvals, is expected to close in the first half of 2019. 

Baker Botts L.L.P. represented Chesapeake in the transaction.

Baker Botts Lawyers/Office Involved

Corporate: Clint Rancher (Partner, Houston); Joshua Davidson (Partner, Houston); Jamie Yarbrough (Associate, Houston); Stephen Noh (Associate, Houston); Josh Gonzales (Associate, Houston); Mitch Athey (Associate, Houston)

AntitrustThomas Fina (Partner, Washington) 

Tax: Richard Husseini (Partner, Houston); Jon Lobb (Partner, Houston); Tamar Stanley (Partner; Washington); David Morris (Senior Associate, Palo Alto); Peter Farrell (Associate, Washington)

Finance: Lyman Paden (Partner, Houston); Chad Davis (Associate, Houston) 

Employee Benefits: Gail Stewart (Partner, Houston); Krisa Benskin (Senior Associate, Houston); Gabriela Alvarez (Associate, Houston)

Global Projects: Erin Hopkins (Partner, Houston); Justin Clune (Associate, Houston); Taylor Lopez (Associate, Houston)

Environmental: Scott Janoe (Partner, Houston); Mark Hamlin (Associate, Houston)

For more information, please see Chesapeake’s and WildHorse’s news release

Baker Botts is an international law firm whose lawyers practice throughout a network of offices around the globe. Based on our experience and knowledge of our clients' industries, we are recognized as a leading firm in the energy, technology and life sciences sectors. Since 1840, we have provided creative and effective legal solutions for our clients while demonstrating an unrelenting commitment to excellence. For more information, please visit

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