White Star Petroleum is using the firm of Porter Hedges for its pending acquisition of Mississippi Lime Co. and Woodford Shale assets from Devon Energy Corp. for $200 million.
White Star Petroleum, formerly American Energy-Woodford, is an independent oil and natural gas company focused on the acquisition, development, operation and production of unconventional oil and natural gas properties located in the Mississippi Lime and Woodford Shale plays in central northern Oklahoma. Devon Energy, which is based in Oklahoma City, has operations in three different Texas locations: the Delaware Basin, the Barnett Shale and the Eagle Ford Shale.
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