Mayer Brown represents Sinochem for oil and gas transaction
Mayer Brown has announced today that it is representing Sinochem Petroleum USA LLC, a US subsidiary of the Beijing-based Sinochem Group, on a $1.7bn transaction to purchase a 40 per cent undivided interest in approximately 207,000 net oil and natural gas leasehold acres held by Pioneer Natural Resources Company in the highly prospective horizontal Wolfcamp shale play within the Spraberry Trend of the Midland Basin in west Texas.
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