Lidji Hooper represents Hunt Petroleum in Acquisition by XTO Energy

Dallas-based Hunt Petroleum Corp. called on Lidji Hooper as special counsel in the company’s $4.2 billion sale to Fort Worth-based XTO Energy Inc. The purchase price represented the largest purchase in XTO’s history, and included $2.6 billion in cash and 23.5 million shares of XTO common stock.

Frank McDonald, senior vice president and general counsel of XTO Energy Inc., is using lawyers from Gibson, Dunn & Crutcher for the Fort Worth company’s pending acquisition of Hunt Petroleum Corp. and related companies for about $4.2 billion in cash and stock.

Becky McGee, vice president and general counsel of Dallas-based Hunt Petroleum, turned to Jones Day, while Haynes and Boone represents the boards of related companies Hassie Hunt Exploration Co. and Hassie Hunt Production Co., both of Dallas.

Terms of the deal, announced on June 9, call for XTO to purchase all of the shares of the privately held Hunt companies for $2.6 billion in cash and 23.5 million shares of XTO Energy common stock valued at nearly $1.6 billion. The acquisition is scheduled to close by Sept. 3, subject to federal antitrust approval.

XTO’s lawyers from Gibson, Dunn, all in Dallas, include litigation and corporate partner Martin McNamara; tax partner David Sinak; ERISA/employee benefits partner David Schiller; and associates Chad Mead, Anthony Shoemaker, Robert Lindsey and Greg Walker. Warren Ludlow, associate general counsel of land and acquisition at XTO, is also working on the deal.
Keith Kohlhepp, a partner in Kelly Hart & Hallman in Fort Worth, is working on antitrust issues.

Sean Murphy, associate general counsel at Hunt Petroleum, is assisting McGee on the deal. The Jones Day team for Hunt Petroleum includes Dallas partner Kathleen Ryan McLaurin and associate Aaron Stevens; New York-based partners Robert Profusek and Randi Lesnick and associate Manan “Mike” Shah; and partners Candace Ridgway and Phillip Proger, both of Washington, D.C.

Brian Lidji, a partner in Lidji Hooper in Dallas, is also part of the Hunt Petroleum deal team.

The Haynes and Boone lawyers representing the boards of Hassie Hunt Exploration and Hassie Hunt Production include mergers-and-acquisitions partners Tom Harris and William Hays, securities partner W. Scott Wallace, and trusts and estates partner John Collins, all of Dallas, along with New York tax partner Kenneth Bezozo.

– Brenda Sapino Jeffreys