As the U.S. moves to become the world’s largest oil producer, lawyers from a half-dozen Am Law 100 firms are helping QEP Resources unload its natural gas pipeline and processing unit to Tesoro Logistics, a refinery operator owned by Tesoro Corp.
Denver-based QEP announced Monday that its QEP Field Services unit would divest itself of its midstream assets—essentially the means of transporting oil and natural gas—to Tesoro Logistics for $2.5 billion in cash. Wachtell, Lipton, Rosen & Katz corporate partner David Katz, who last week represented the board of directors for Chesapeake Energy on its $5.38 billion sale of 435 natural gas and oil shale fields, is advising QEP on a deal expected to close by year’s end.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]
