Kirkland Represents Devon Energy on Dissolvement of Partnership with BPX in the Eagle Ford Shale

Kirkland & Ellis advised Devon Energy on its agreement with BPX, its partner in the Blackhawk Field in the Eagle Ford, to dissolve the partnership within the play. The transaction is expected to close on Apr. 1, 2025, at which time Devon will hold approximately 46,000 net acres with greater than a 95 percent working interest and operatorship. The company will gain greater flexibility to allocate capital and anticipates material drilling & completion savings per well, significantly enhancing returns.

Read Devon Energy’s press release

The Kirkland team included real asset transactions lawyers Will Eiland, David Castro, Alex Lippert, Rachel Miller and Dakota Priest; tax lawyers David Wheat, Joe Tobias and Brooke Schafer; environmental transactions lawyer Jonathan Kidwell; executive compensation lawyer Stephen Jacobson; and employment & labor lawyer Christie Alcala.