EOG Resources sells its UK business to Tailwind Energy

1 minute read
08 November 2018

On November 8, 2018, EOGI International Company, a subsidiary of EOG Resources, Inc. (NYSE: EOG), completed the divestiture of its UK assets to Tailwind Energy Ltd. As part of the transaction, Tailwind will own and operate 100% of the producing Conwy oil field, a 25% non-operated interest in the Columbus gas development project and other interests in the North Sea.

EOG Resources, together with its subsidiaries, explores for, develops and produces crude oil and natural gas and is headquartered in Houston, Texas. Tailwind Energy is an oilfield owner and operator and is headquartered in London, UK.

An international team of lawyers from Gowling WLG advised EOGI International Company in this transaction. EOG's internal team in Houston was led by Joe Korenek - Vice President Business Development and Camille Jenman - Senior Counsel. Lorne Rollheiser from Gowling WLG's Calgary office worked closely with London colleagues led by Gareth Baker and including, among others, Meera Unadkat, Roisin Bergen, Tom Rank, Hannah Swindle and Michael Taylor.

NOT LEGAL ADVICE. Information made available on this website in any form is for information purposes only. It is not, and should not be taken as, legal advice. You should not rely on, or take or fail to take any action based upon this information. Never disregard professional legal advice or delay in seeking legal advice because of something you have read on this website. Gowling WLG professionals will be pleased to discuss resolutions to specific legal concerns you may have.