Bracewell LLP represented GEP Haynesville, LLC (GEP) in the exchange of non-operating working assets in the majority of GEP and Vine Oil & Gas LP’s (Vine) joint venture assets located in the Haynesville Basin in northwest Louisiana.
The transaction unwinds a material portion of the joint venture area of mutual interest and allocates to each company the entirety of future development. GEP and Vine will continue to share joint ownership in approximately 50 producing wells excluded in the exchange.
GEP Haynesville, LLC owns and operates oil and gas properties. GEP Haynesville, LLC is based in The Woodlands, Texas.
Bracewell advised GEP with a team including G. Alan Rafte (Picture), Austin T. Lee, John L. Stavinoha III and Shannon M. Rice.
Kirkland & Ellis LLP counseled Vine Oil & Gas LP with corporate partner Bill Benitez and associate Kyle Watson; corporate partner Anthony Speier and associates David Moore, Tim Vaughan and RJ Malenfant; and tax partner Chad McCormick and associate Tim Campany.
Involved fees earner: Alan Rafte – Bracewell; Austin Lee – Bracewell; John Stavinoha – Bracewell; Shannon Rice – Bracewell; William Benitez – Kirkland & Ellis; Kyle Watson – Kirkland & Ellis; Anthony Speier – Kirkland & Ellis; David Moore – Kirkland & Ellis; Timothy Vaughan – Kirkland & Ellis; R.J. Malenfant – Kirkland & Ellis; Chad McCormick – Kirkland & Ellis; Timothy Campany – Kirkland & Ellis;