Despite the complication of Hurricane Harvey, Texas deal teams fromLatham & Watkins andThompson & Knight met a Sept. 7 scheduled date to complete an agreement for a $1.4 billion sale of oil and gas assets.
On Sept. 7, Houston-based Bruin E&P Partners announced that an affiliate signed a definitive agreement to acquire oil and gas properties in the Williston Basin in North Dakota from Halcon Resources, also of Houston, for $1.4 billion. The transaction is expected to close within 60 days, pending customary regulatory and other approvals. Bruin is a portfolio company of ArcLight Capital Partners.
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