Akin Gump, Baker & McKenzie on Shale Deal
Baker & McKenzie represents Houston's Paloma Resources and its operation Paloma Partners III in sale of Paloma Partners III to Oklahoma company.
April 21, 2015 at 09:00 AM
2 minute read
Baker & McKenzie represents Paloma Resources of Houston and its operation Paloma Partners III, which has agreed to be acquired by Gulfport Energy Corp. for about $300 million.
Gulfport, based in Oklahoma City, turned to Akin Gump Strauss Hauer & Feld.
On April 15, Gulfport announced an agreement to acquire Paloma Partners III, which owns about 24,000 net nonproducing acres in the Utica Shale, located in Belmont and Jefferson counties in Ohio. The acquisition is expected to close during the third quarter of the year, subject to certain closing conditions.
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