HOUSTON – Bracewell LLP represented Parsley Energy, Inc. (Parsley Energy) in the acquisition of certain entities holding undeveloped acreage and producing oil and gas properties in the core of the Midland Basin from Double Eagle Energy Permian LLC and certain of its affiliates for an aggregate purchase price of approximately $2.8 billion, consisting of approximately $1.4 billion in cash and approximately 39.8 million units of Parsley Energy.
Parsley Energy is an independent oil and natural gas company based in Austin, Texas which is focused on the acquisition and development of unconventional oil and natural gas reserves in the Permian Basin in West Texas.
The deal closed on April 20, 2017.
Bracewell lawyers involved in the transaction included:
Partners: W. James McAnelly III, Charles H. Still, Jr., Elizabeth L. McGinley, Robert S. Nichols, Scott C. Sanders and Daniel E. Hemli
Counsel: Jacqueline R. Java
Associates: Austin T. Lee, Luke Tanner, Hobie Temple, John L. Stavinoha III, Molly E. Butkus, Kate Barrington McGregor, Jackie Zhong and Jonathan L. Seliger