T&K Advises Yates Petroleum Corp. in Closing $2.4 Billion Transaction with EOG Resources

Dallas – Attorneys with the law firm of Thompson & Knight LLP acted as legal advisor to Yates Petroleum Corporation (“YPC”) in its merger with EOG Resources, Inc. (“EOG”). The merger, which closed October 4, 2016, involved the combination of EOG with YPC, Abo Petroleum Corporation, MYCO Industries, Inc., and certain affiliated entities (collectively, “Yates”). Under the terms of this private, negotiated transaction, EOG issued an aggregate of approximately 25 million unregistered shares of common stock valued at approximately $2.2 billion and paid approximately $16 million in cash. In addition, EOG repaid at closing approximately $164 million of Yates debt, which was offset by approximately $64 million of cash of Yates.

“We were pleased to assist YPC in transitioning to the next chapter of the rich and storied history of this fine company.” said Wesley P. Williams, Firm-wide Corporate and Securities Practice Leader for Thompson & Knight.

The Thompson & Knight team advising YPC was led by partners Wesley P. Williams, Jessica Hammons, Roger D. Aksamit, and Hunter H. White, and included partners Anthony J. Campiti, Jason Patrick Loden, and Christopher D. Smith and associates Mitchell L. Griffith, Robert P. Dougherty III, Courtney Jamison Roane, Lee Meyercord, Minator Azemi, Emily Semands, Megan James and Samuel E. Fubara.

YPC is a privately owned, independent exploration and production company, headquartered in Artesia, New Mexico. EOG is one of the largest independent (non-integrated) crude oil and natural gas companies in the United States, is listed on the New York Stock Exchange, and is traded under the ticker symbol “EOG.”