Mayer Brown represents EE3 on sale of Niobrara shale oil assets to SandRidge Energy
15 December 2015
Mayer Brown advised EE3, LLC on the sale of Niobrara shale oil assets in the North Park Basin, Jackson County, Colorado to SandRidge Energy, Inc. for approximately $190 million in cash. The transaction provides SandRidge Energy with 136,000 largely contiguous net acres and multiyear Niobrara shale drilling inventory in the North Park Basin, and represents one of the few large oil and gas property sales to close in 2015.
The Houston-based Mayer Brown team included: Corporate & Securities partners Dallas Parker and Jeff Dobbs and associate John Furlow; and Tax Transactions & Consulting partner Edward Osterberg Jr.