Deal Description: Baker Botts advised Hibernia Energy III, LLC (“Hibernia”) and its wholly owned subsidiary, Celtic Disposal LLC, in the sale of its produced water infrastructure assets to XRI Holdings, LLC, an affiliate of Morgan Stanley Energy Partners (“XRI”).
In connection with the transaction, affiliates of Hibernia and XRI entered into long-term commercial agreements pursuant to which XRI will become the long-term provider to Hibernia of all water-related services, including delivery of completions water and handling of produced water.
The company’s press release can be found here.
Baker Botts Lawyers/Offices Involved:
Corporate: Larry Hall (Partner, Dallas), Jon Platt (Partner, Dallas)
Global Projects: Kyle Doherty (Associate, Houston), Megan Young (Associate, Houston)
Tax: Steve Marcus (Partner, Dallas), Jordan Hahn (Senior Associate, Dallas)
ABOUT BAKER BOTTS L.L.P.
Baker Botts is an international law firm of approximately 650 lawyers practicing throughout a network of offices around the globe. Based on our experience and knowledge of our clients' industries, we are recognized as a leading firm in the energy, technology, and life sciences sectors. Since 1840, we have provided creative and effective legal solutions for our clients while demonstrating an unrelenting commitment to excellence. For more information, please visit bakerbotts.com.