Morgan Lewis Advises BG Group on $930 Million Transaction
news source:Press Releases
HOUSTON, May 11, 2010: BG Group this week announced that it has entered into further joint venture arrangements with its U.S. shale partner, EXCO Resources, Inc. BG Group will acquire a 50% interest in companies that hold EXCO's producing and non-producing assets in the Appalachian Basin, located primarily in Pennsylvania and West Virginia. Morgan Lewis advised BG Group on the transaction, under the terms of which BG Group will pay a total consideration of $950 million, equating to an estimated unit resource cost of $0.40 per thousand cubic feet (mcf).
The Morgan Lewis team included Business & Finance Energy Transactions partners David F. Asmus and Michael R. King; Employee Benefits & Executive Compensation partner Erin Turley; Tax Controversy & Consulting partners Gary B. Wilcox, Kimberley M. Reeder, and of counsel George T. Bell; Environmental Litigation of counsel Maxine M. Woelfling; Antitrust partner Harry T. Robins; and Energy partner Mark R. Haskell.
For additional details on the transaction, please see BG Group's press release.
Mark R. Haskell, George T. Bell, Maxine M. Woelfling, Harry T. Robins, David F. Asmus