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Bracewell Represents Chesapeake Energy Corporation in $1.25 Billion Joint Venture

April 11, 2012

Bracewell & Giuliani represented Chesapeake Energy Corporation in a $1.25 billion joint venture involving a group of investors consisting of EIG Global Energy Partners, GSO Capital Partners LP, Magnetar Capital and TPG Capital, L.P. Chesapeake contributed oil and gas assets to a subsidiary, and the group of investors acquired preferred interests in the subsidiary (and rights to overriding royalty interests) in exchange for a cash contribution of $1.25 billion in the aggregate. The subsidiary owns properties in the Cleveland and Tonkawa unconventional liquids-rich tight sand plays in Roger Mills and Ellis counties, Oklahoma.