Dallas – The law firm of Thompson & Knight LLP represented EnCap Investments LP (“EnCap”) in connection with its purchase and sale of all its equity in Paloma Partners III, LLC (“Paloma”) to Gulfport Energy Corporation (“Gulfort”). The total sales price for all of the equity was $301 million.
Paloma Partners III, funded by EnCap and a subsidiary of Macquarie Group, held 24,000 net nonproducing acres in the core of the dry gas window of the Utica shale. The deal is closed on August 31, 2015.
The Thompson & Knight team included Partners Michael K. Pierce, Roger D. Aksamit, and Hunter H. White.