Oil well Credit: QiuJu Song/Shutterstock.com

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.

Robin Fredrickson, a partner in Latham in Houston who was one of the leads on the deal team for Bruin, said that because of Harvey, the parties rescheduled some preliminary deadlines that had been set for the days leading up to Harvey. She said they did not need to reschedule the Sept. 7 target date, but they considered doing so because some deal team members were dealing with eitherflooding at home or flooded roads or lack of power .

She said lawyers and company employees on both sides stepped up and got the work done, even as lawyers in Houston hunkered down for a few days after Harvey hit the Texas coast on the evening of Aug. 25.

Fredrickson, who led the deal team along with Houston partner Jeff Munoz, said the lawyers at Latham worked on the deal all day long on Friday Aug. 25. By Tuesday Aug. 29, the unrelenting rain in Houston had slowed down and Munoz drove to the firm’s office in downtown Houston to work on the deal, but she said he couldn’t get into the building.

On Wednesday Aug. 30, the lawyers on the deal were finally able to get into Latham’s offices, but had to use the freight elevator becauseBG Group Place was largely closed for the entire week, she said. “Only the people working on that deal were here and one of our associates couldn’t make it. He had no power and no water,” Fredrickson said.

Fredrickson said her house in the Old Braeswood area in southwest Houston narrowly escaped floodwaters.

Latham’s deal team also includes Houston corporate associates Christine Shaheen and Michael Sellner, tax partner Tim Fenn and associate James Cole, both of Houston; capital markets partners Bill Finnegan and Debbie Yee, both of Houston; environmental counsel Sara Orr of Chicago; and labor and employment associate Julie Crisp of San Francisco.

The Thompson & Knight team for Halcon includes partners Hunter White, Richard Hemingway Jr. and Richard Aksamit, all of Houston; James Morriss III of Austin and Houston; Jessica Hammons, Jason Patrick Loden and Anthony Campiti, all of Dallas; and Ashley T.K. Phillips of Austin. Also, associate Kelli Sims of Houston is working on the deal.

Senior reporter Brenda Sapino Jeffreys covers the business of law in Texas. Contact her at bjeffreys@alm.com On Twitter: @BrendaSJeffreys

Latham & Watkins andThompson & Knight met their deadline 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.

Robin Fredrickson, a partner at Latham in Houston who was one of the leads on the deal team for Bruin, said that because of Harvey, the parties rescheduled some preliminary deadlines that had been set for the days leading up to Harvey. She said they did not need to reschedule the Sept. 7 target date, but they considered doing so because some deal team members were dealing with eitherflooding at home , flooded roads or lack of power.

She said lawyers and company employees on both sides stepped up and got the work done, even as lawyers in Houston hunkered down for a few days after Harvey hit the Texas coast on the evening of Aug. 25. Fredrickson, who led the deal team along with Houston partner Jeff Munoz, said the lawyers at Latham worked on the deal all day longthat day. By Tuesday Aug. 29, the unrelenting rain in Houston had finally slowed enough to allow Munoz to drive to the firm’s office in downtown Houston to do more work on the deal. But she said he couldn’t get into the building.

On Wednesday Aug. 30, the lawyers were finally able to get into Latham’s offices, but had to use the freight elevator becauseBG Group Place was largely closed for the entire week. “Only the people working on that deal were here and one of our associates couldn’t make it. He had no power and no water,” Fredrickson said.

Fredrickson owns a house in the Old Braeswood area in southwest Houston narrowly escaped floodwaters.

Latham’s deal team also includes Houston corporate associates Christine Shaheen and Michael Sellner, tax partner Tim Fenn and associate James Cole, both of Houston; capital markets partners Bill Finnegan and Debbie Yee, both of Houston; environmental counsel Sara Orr of Chicago; and labor and employment associate Julie Crisp of San Francisco.

The Thompson & Knight team for Halcon includes partners Hunter White, Richard Hemingway Jr. and Roger Aksamit, all of Houston; James Morriss III of Austin and Houston; Jessica Hammons, Jason Patrick Loden and Anthony Campiti, all of Dallas; and Ashley T.K. Phillips of Austin. Also, associate Kelli Sims of Houston is working on the deal.