Encana Corporation, through its indirect, wholly-owned subsidiary, completed its acquisition of Athlon Energy Inc. on November 13, 2014, for a total transaction value of approximately US$7.1 billion. The acquisition of Texas-based Athlon gives Encana a premier 140,000 net acre position in the oil-rich Permian Basin.
Encana's in-house legal team on the transaction was led by Terrence Hopwood, QC, Jeff Paulson, Skip Marter and Terence Trinh.
Encana was represented in the US by Paul, Weiss, Rifkind, Wharton & Garrison LLP, with a team that included Adam Givertz, Andrew Foley, Andrea Quek, Christian Kurtz, Asuka Kondo and Jennifer Lambert (M&A); Reuven Falik and Pascal Mayer (employment); Dale Sarro and Andrew Klein (finance); Didier Malaquin (antitrust); David Sicular and Mashiho Yuasa (tax) and Stephen Lamb, Andrew Gordon, Matthew Stachel, Daniel Mason and Moira Weinberg (litigation); and in Canada by Chad Schneider and Jeff Bakker of Blake, Cassels & Graydon LLP. Shelley Barber, David Cohen, Myles Reynolds, Carson Sieving, Danielle Patterson, Larry Pechacek, Guy Lipe and Michael Holmes of Vinson & Elkins LLP provided advice on oil and gas matters to Encana.
Athlon was represented by Latham & Watkins LLP, with a team led by Sean Wheeler, Michael Dillard and Enoch Varner.