Porter Hedges, Latham Advise on Marcellus Joint Venture Split | Texas Lawyer

Randy King, a Porter Hedges partner, is again serving as lead legal adviser for Noble Energy. CONSOL’s team is led in part by Jeffrey Munoz and Robin Fredrickson, Latham & Watkins partners who were partners at Vinson & Elkins in 2011 when they worked on the joint venture formation. Noble and CONSOL  announced a definitive agreement on Oct 31 to separate the five-year-old Marcellus Shale 50-50 Joint Venture, which was formed to explore, develop and operate Marcellus Shale properties in Pennsylvania and West Virginia. Once the agreement closes, CONSOL will operate a 100 percent working interest in almost 306,000 Marcellus acres and Noble will operate a 100 percent working interest in almost 363,000 Marcellus acres.  Noble will also pay about $205 million to CONSOL.

Source: Porter Hedges, Latham Advise on Marcellus Joint Venture Split | Texas Lawyer

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