Deal Description: BKV Corporation (“BKV” or “the Company”) today announced that its subsidiaries have signed definitive purchase and sale agreements to acquire natural gas upstream and associated midstream infrastructure in the Barnett Shale region of North Texas from XTO Energy, Inc., a subsidiary of ExxonMobil Corporation. The acquired assets include approximately 160,000 total gross acres and 2,100 wells with operatorship positions. The transaction is valued at approximately $750 million and is expected to close in the second quarter.
Baker Botts served as a legal counsel to the Company in connection with the transaction.
The Company’s press release can be found here.
Baker Botts Lawyers/Offices Involved:
Global Projects/Corporate: Julie Mayo (Partner, Houston), Erica Youngstrom (Senior Associate, Houston), Ryan Chastain (Associate, Houston), Andrew Crayden (Associate, Houston), Samantha Crispin (Partner, Dallas), Elaine Walsh (Partner, Washington, D.C.)
Antitrust: Jeffrey Oliver (Partner, Washington, D.C.), Michael Bodosky (Special Counsel, Washington, D.C.)
International Trade: Matt West (Partner, Washington, D.C.).
BKV Corporation In-House Counsel: Lindsay Larrick, Vice President and General Counsel
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