Morgan Lewis Advises Mitsui on $680 Million Shale Investment in Texas
news source:Press Releases
HOUSTON, July 1, 2011: Mitsui & Co., Ltd. ("Mitsui") announced yesterday that it, through its subsidiary Mitsui E&P Texas LP, has entered into a definitive agreement with SM Energy Company ("SME") to acquire a 12.5% working interest in SME's Eagle Ford property in Texas, which is approximately 47,000 net acres and includes 39,000 net acres of Eagle Ford Shale. The transaction is valued at approximately $680 million.
Morgan Lewis advised Mitsui on the transaction. Energy Transactions partners David Asmus and Michael King led a team that consisted of Business and Finance partners Terrence Dugan and Gregory Salathé, Tax partner Paul Gordon, Litigation of counsel Maxine Woelfling, and associates Jonathan Ayre, Rachel Le, and Michael Lee. TMI Associates-Morgan Lewis's joint venture partner in Japan-provided counsel on the Japanese aspects of the transaction.For more information about the deal, please see Mitsui's press release.
Paul A. Gordon, Terrence L. Dugan, Maxine M. Woelfling, Jonathan S. Ayre, Michael J. Lee, David F. Asmus