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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).

ENDS

Notes for editors

About Freshfields Bruckhaus Deringer LLP

Freshfields Bruckhaus Deringer LLP is a global law firm with a long-standing track record of successfully supporting the world's leading national and multinational corporations, financial institutions and governments on ground-breaking and business-critical mandates. Our 2,800 plus lawyers deliver results worldwide through our own offices and alongside leading local firms.  Our commitment, local and multi-national expertise and business know-how means our clients rely on us when it matters most.

 

The Freshfields team was led by: