Haynes and Boone Advises GeoMet in Sale of $107 Million of Appalachian Coalbed Methane Properties

05/30/2014


HOUSTON – Haynes and Boone, LLP advised GeoMet, Inc., an independent energy company, in the sale of substantially all of its coalbed methane interests and other assets located in the Appalachian Basin to ARP Mountaineer Productions, LLC, a wholly-owned subsidiary of Atlas Resource Partners, L.P.

Buddy Clark, partner and head of the firm’s Energy Practice Group, led the Haynes and Boone deal team that included Partner Joe Vilardo and Associates Austin Elam and Annie Kwan.

The sale included assets in McDowell, Harrison, Wyoming, Raleigh, Barbour and Taylor Counties, West Virginia and Buchanan County, Virginia and resulted in net proceeds of approximately $97.5 million after customary purchase price adjustments. In conjunction with the completion of the sale, Haynes and Boone represented GeoMet in its repayment of all outstanding borrowings and accrued interest under GeoMet’s bank credit facility.

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