Freshfields advises BP on the US$10.5bn acquisition of BHP Billiton’s onshore US shale assets
Freshfields Bruckhaus Deringer LLP (‘Freshfields’) is advising BP in relation to the English law aspects of its proposed acquisition of BHP Billiton’s onshore shale oil and gas assets in the US.
The acquisition will bring BP extensive oil and gas production and resources in the liquids-rich regions of the Permian and Eagle Ford basins in Texas and in the Haynesville gas basin in Texas and Louisiana.
The transaction, which is valued at US$10.5bn, is subject to regulatory approvals and is anticipated to complete by the end of October 2018.
The Freshfields team is being led by partners Julian Long (London Office Managing Partner), Sam Newhouse (Co-Head of Natural Resources), Julian Makin (Co-Head of Natural Resources) and May Smith (Tax Partner).
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