“Deal Watch: Freshfields Fuels Up With Racing, Software Sales”
EOG Resources Inc./Yates Petroleum Corp.
Houston-based shale gas driller EOG Resources has agreed to acquire Artesia, New Mexico-based Yates Petroleum in a cash-and-stock deal valued at $2.5 billion, including debt. As noted by Texas Lawyer, the acquisition was announced Sept. 6 and is expected to close in October. Other parties to the transaction include Abo Petroleum Corp. and MYCO Industries Inc.
Legal Advisers: Akin Gump Strauss Hauer & Feld for EOG Resources; Thompson & Knight for Yates Petroleum; Kemp Smith for MYCO Industries; Modrall Sperling for Abo Petroleum.