Bracewell LLP represented HEYCO Energy Group in the sale of its subsidiary, Harvey E. Yates Company, to Matador Resources Co. (MTDR). Matador acquired certain oil and natural gas producing properties and undeveloped acreage in the Lea and Eddy Counties in New Mexico. The transaction included the issuance of 3.3 million shares of Matador Common Stock and 150,000 shares of a new series of Matador Convertible Preferred Stock to HEYCO Energy Group (convertible into ten shares of Matador Common Stock for each share of Preferred Stock). Matador will appoint George M. Yates, Chairman, President and CEO of HEYCO Energy, to its Board of Directors.
HEYCO is privately owned by the Yates family and has been active in the upstream oil and natural gas business in New Mexico since the 1920s.
Bracewell attorneys involved include:
Partners: W. James McAnelly, Charles H. Still, Jr., Daniel E. Hemli and Jacqueline R. Java
Associates: Molly E. Butkus, Kathy W. Medford and Kate D. Barrington