Hess Corporation (NYSE: HES) has announced that it has entered into an agreement to sell its Little Knife and Murphy Creek acreage interests in the Bakken in North Dakota to Enerplus Corporation for a total consideration of US$312 million.
Latham & Watkins LLP represents Hess in the transaction with a corporate deal team led by Houston partner Robin Fredrickson, with associates Corey Allen and Luke Strother. Advice was also provided on tax matters by Houston partner Bryant Lee, with Houston associate Chelsea Munoz-Patchen; and on benefits and compensation matters by Washington, D.C. partner Adam Kestenbaum.
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