Bracewell Represents Apache Corp. in $2.85 Billion Acquisition of Cordillera Energy Partners III LLC

HOUSTON, Jan. 23, 2012 /PRNewswire-USNewswire/ -- Bracewell & Giuliani LLP is representing Apache Corporation in its acquisition of Cordillera Energy Partners III LLC, a privately held company, for $2.85 billion.

Cordillera has approximately 254,000 net acres in Granite Wash, Tonkawa, Cleveland, and Marmaton plays in western Oklahoma and the Texas Panhandle. They also have estimated proved reserves of 71.5 million barrels of oil equivalent and current net production of 18,000 boe per day and 14,000 potential drilling locations in Anadarko Basin plays.

The sellers will receive approximately $600 million in Apache common stock subject to customary lock-up provisions, with the balance to be paid in cash and funded with debt. The effective date of the transaction is Sept. 1, 2011, with closing anticipated in the second quarter, subject to regulatory approval and customary closing conditions.

Bracewell attorneys involved in the transaction include:

Partners: G. Alan Rafte, Greg M. Bopp, John R. Brantley, Stephen B. Crain, Troy L. Harder, Dan E. Hemli, Bruce R. Jocz, Bryan E. Loocke, Tim A. Wilkins

Counsel: Jackie R. Java

Associates: Stephen M. Boone, Keith L. Cooper

Bracewell's energy practice draws upon the firm's full global resources in all areas of business law, representing domestic and international energy industry clients in matters related to operations, finance, restructuring, governmental regulation, tax, environment, governance, litigation, and strategic communications. The firm and its attorneys are recognized among top energy, M&A and capital markets counsel by ranking bodies including Chambers & Partners, and in league tables from Thomson Reuters, Bloomberg and Dealogic.

About Bracewell & Giuliani LLP

Bracewell & Giuliani LLP (www.bgllp.com) is an international law firm with more than 470 lawyers in Texas, New York, Washington, D.C., Connecticut, Seattle, Dubai, and London. We serve Fortune 500 companies, major financial institutions, leading private investment funds, governmental entities and individuals concentrated in the energy, technology and financial services sectors worldwide.

Contact:
Michelle McCormick
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SOURCE Bracewell & Giuliani LLP