Roger Aksamit Mentioned in Law360 on Halcon Tax Work

“Taxation With Representation: Simpson, Thompson, Davis”

Halcon Sells Oil Assets for $1.4B to Bruin E&P Partners

Energy company Halcon Resources Corp. has entered into an agreement that will offload its Williston Basin assets in North Dakota to Bruin E&P Partners for $1.4 billion in cash, according to a July 11 announcement that said the deal will help raise Halcon’s liquidity.

Halcon is represented by a Thompson & Knight LLP team that includes tax attorney and partner Roger Aksamit.

Bruin, a portfolio company of Arclight Capital Partners, said that the purchase will move 104,000 acres of oil and gas properties to its balance sheet. These assets produce about 29,000 barrels of oil equivalent per day, according to the company.

The transaction will mean Halcon, which was reorganized just last year, will be a company with assets concentrated to a specific region.

Bruin is backed by a private equity commitment and is interested in pursuing a variety of oil and gas resources. The company’s strategy statement says that after the decline in oil and gas prices a few years ago, it believes it is a wise time to acquire resources.

The transaction is expected to close within 60 days.