HOUSTON, October 31, 2014 -- This week’s “Deal of the Week” for Texas Lawyer recognized the Baker Botts team that represented Carrizo Oil & Gas of Houston in its acquisition of additional leasehold and producing interests in the Eagle Ford Shale in south Texas from Eagle Ford Minerals for $250 million in cash.
On Oct. 27, the companies announced the completion of the 6,820-acre acquisition that gives Carrizo an additional 25 percent working interest in certain Eagle Ford shale properties already operated by Carrizo. The transaction was completed on Oct. 24, but has an effective date of Oct. 1. Carrizo paid $93 million at closing, with the remaining $150 million to be paid by February 2015 subject to a $7 million closing adjustment, funded by proceeds of a $300 million debt financing. Baker Botts also represented Carrizo in the financing.
The Baker Botts team on this deal includes:
-- Acquisition: Gene Oshman (Partner, Houston); Jeremy Kennedy (Partner, Houston); Ausra Laurusaite-Kromelis (Associate, Houston); Erin Hopkins (Associate, Houston); Brian Finch (Associate, Houston); James Chenoweth (Partner, Houston)
-- Debt Financing: Gene Oshman (Partner, Houston); Hillary Holmes (Partner, Houston); Travis Wofford (Associate, Houston); Andrew Thomison (Associate, Houston); Ori Lev (Associate, Houston); Lakshmi Ramanathan (Associate, Houston)
To read the entire Texas Lawyer article, please click here.
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About Baker Botts L.L.P.
Baker Botts is an international law firm of approximately 700 lawyers practicing throughout a network of 15 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. Throughout our 174-year history, we have provided creative and effective legal solutions for our clients while demonstrating an unrelenting commitment to excellence. For more information, please visit BakerBotts.com.