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- Opportunity: Our client, a century-old, family-owned oil and gas company, held substantial mineral and leasehold interests in the Marcellus Shale in Pennsylvania. The company had an opportunity to sell oil and gas assets to the highest bidder in separate transactions.
- Solution: Doerner lawyers quickly drafted and negotiated the asset purchase agreements in a way that met our client’s needs and best interests. We reviewed all assets to make determinations regarding Hart-Scott-Rodino applicability and oversaw the distribution of proceeds and winding up of the business.
- Result: During a period of 18 months, we successfully represented the client in its sale of an aggregate of $220 million of leasehold interests and minerals to nationally recognized energy companies in three separate transactions.
