DLA Piper advises Silverpeak in purchase of Uinta Basin assets from LINN Energy

DLA Piper represented New York-based Silverpeak in its US$132 million acquisition of oil and gas assets in Utah’s Uinta Basin from LINN Energy, Inc. The assets will be managed by Altamont Energy, a recently formed affiliate of Silverpeak. The assets are composed of roughly 36,000 net acres, including 27,000 undeveloped acres, 116 PDP (Proved Developed Producing) wells with significant reserves, work-over and development opportunities.

The DLA Piper team representing Silverpeak included partners Robert Gruendel (New York), Chris Schaeper, Glenn Reitman (both of Houston), Frank Mugabi (New York), associates Jason Nolingberg and Taylor Randazzo (both of Houston), Jennifer Dinsmore (Baltimore), and Witold Jurewicz (New York).