HOUSTON — Oliva Gibbs LLP advised Brigham Exploration (“BEXP”) in its acquisition of Great Western Drilling Ltd.’s (“GWDC”) non-operated assets in Texas and New Mexico. This acquisition significantly expands BEXP’s footprint in the Permian Basin, reinforcing its position as a leading non-operated oil and gas company. The transaction, which closed on November 22, 2024, with an effective date of April 1, 2024, encompasses over 7,000 net acres in the Delaware and Midland Basins, spread across key counties in Texas and New Mexico, including Eddy, Lea, Maring, Midland, Loving, and Winkler.
The acquisition increases BEXP’s net daily wellhead production to ~15,500 boe/d across ~79 net producing wells.
BEXP is a premier non-operated oil and gas acquisition and management company focused on assets in the Permian Basin of Texas and New Mexico.
The Oliva Gibbs transactional team partnered with Vinson & Elkins LLP as local New Mexico counsel and represented BEXP in the negotiation and drafting of the purchase agreement as well as performing due diligence on the assets in both Texas and New Mexico.
The team was led by Patrick Schenkel, Stephen Little, and Brad Gibbs.
Patrick represents clients on acquisitions and divestitures, complex mineral titles, pooling issues, lease analysis, joint operating agreements, surface use issues and title curative.
Brad represents clients in connection with upstream energy transactions, complex mineral titles, pooling issues, lease analysis, joint operating agreements, surface use issues, title curative and general oil and gas business matters.
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Brad Gibbshttps://oglawyers.com/author/dbgibbs/
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