Alta Resources Development’s $1.24 Billion Acquisition of Anadarko Petroleum’s Marcellus Shale Assets


Kirkland & Ellis LLP counseled Alta Marcellus Development, LLC, a wholly owned subsidiary of Alta Resources Development, LLC, on its decision to purchase from Anadarko Petroleum Corp. (NYSE: APC) its operated and non-operated upstream assets and operated midstream assets in the Marcellus Shale of north-central Pennsylvania for approximately $1.24 billion.

The midstream assets in the Marcellus owned by Western Gas Partners, LP (NYSE: WES), Anadarko’s sponsored master limited partnership, are excluded from the agreement.

The Kirkland team was led by corporate partners Andrew Calder (Picture), John Pitts, Scott Gordon and Cody Carper and associates Lauren Dies, David Thompson, Barrett Schitka and David Moore; debt finance partners Will Bos and Lucas Spivey and associate Jordan Roberts; capital markets partner Justin Fitzgerald Hoffman; investment funds partner Matthew Nadworny; and tax partner Chad McCormick and associate Tim Campany.

Involved fees earner: Andrew Calder – Kirkland & Ellis; John Pitts – Kirkland & Ellis; Scott Gordon – Kirkland & Ellis; Cody Carper – Kirkland & Ellis; Lauren Dies – Kirkland & Ellis; David Thompson – Kirkland & Ellis; Barrett Schitka – Kirkland & Ellis; David Moore – Kirkland & Ellis; William Bos – Kirkland & Ellis; Lucas Spivey – Kirkland & Ellis; Jordan Roberts – Kirkland & Ellis; Justin Fitzgerald Hoffman – Kirkland & Ellis; Matthew Nadworny – Kirkland & Ellis; Chad McCormick – Kirkland & Ellis; Timothy Campany – Kirkland & Ellis;

Law Firms: Kirkland & Ellis;

Clients: Alta Marcellus Development, LLC;

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Author: Ambrogio Visconti