Kirkland Reps Blackstone JV In $2.3B South Texas Shale Deal

Law360, New York (January 13, 2017, 4:52 PM EST) -- Blackstone's energy-focused private equity business and Sanchez Energy Corp. said Wednesday they've teamed up in a 50-50 partnership to buy Anadarko Petroleum Corp.'s working interest in a South Texas oil and gas shale play for $2.3 billion in a deal guided by Kirkland & Ellis LLP.

The buyers said in a Wednesday announcement that the deal includes about 318,000 gross acres in the Western Eagle Ford play and signaled that more deals in the region might be on the way.

"We look forward to building upon our partnership with Sanchez through this acquisition and to continue to grow through future acquisitions...

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