LONDON AND HOUSTON – Bracewell LLP advised London-listed Harbour Energy plc (Harbour) as specialist oil and gas counsel on its $3.2 billion acquisition of US-based LLOG Exploration Company LLC (LLOG) from LLOG Holdings LLC, comprising $2.7 billion of cash and $0.5 billion of Harbour’s voting ordinary shares. The deal will position Harbour as a leading player in one of the world’s most prolific offshore basins and will materially increase production, extend reserves life and improve margins.
The acquisition marks Harbour’s strategic entry into the United States, strengthening its global portfolio and establishing another core business unit alongside Norway, the UK, Argentina and Mexico. The acquisition will help the company produce around 500,000 barrels of oil per day by 2030, and provide an opportunity to drill eight wells across the next two years.
Completion of the acquisition is subject to customary closing conditions for a transaction of this size and nature, including the expiration or termination of all waiting periods under the HSR Act in the US. Completion of the acquisition is expected to occur in late Q1 2026.
Additional information can be found here.
Bracewell lawyers involved in the transaction include:
Partners: Darren P. Spalding, James “JJ” McAnelly III, John L. Stavinoha III and Jason B. Hutt
Associates: Shannon R. McKay, Taylor M. Stuart, Will Kamensky, Caroline E. Rao, Avery A. Steen, Kennedy B. Williams and Will Bledsoe
Land Professional: Lori Horvilleur
Project Manager – Real Estate: Mel Glina
