Haynes and Boone Lawyers Counsel Global Energy Development in Colombian Contract Area Farmout

03/20/2014


HOUSTON – A Haynes and Boone, LLP team has advised client Global Energy Development PLC in an agreement with Everest Hill Energy Group Ltd. to farm out a 50 percent working interest in its Bolivar license in Colombia for $5 million.

Under terms of the joint venture agreement, Everest will also pay all the costs of a three-well venture involving re-entry and hydraulic fracturing two wells and drilling and completing a third.

The Haynes and Boone team was led by Of Counsel Bob Thibault and included Partner Ricardo Garcia-Moreno and Associate Valisa Berber-Thayer, all of the firm’s Houston office; and Dallas Partners Rafael Anchia and Larry Pascal.

Global Energy, a UK-based petroleum production and development company focused on South America, holds the association contract for Bolivar with state oil giant Ecopetrol. The contract area covers about 21,000 acres.

Media Contacts

Nathan Koppel
Director of Media Relations
+1 512.867.8431
nathan.koppel@haynesboone.com
Linda Campbell
Communications Manager
+1 214.651.5362
linda.campbell@haynesboone.com

Trending Issues

Email Disclaimer