Shearman & Sterling advised Nickel Road Operating (Nickel Road) as it completed the sale of multiple oil and gas properties to Bayswater Resources (Bayswater) including 2,752 net leasehold acres; 161 mineral acres; 17 producing wells; working interests in 18 DUCs; and 68 operated well permits.
Nickel Road is a Denver-based oil and gas acquisition and development company focused in the DJ Basin. Nickel Road is supported by an equity commitment from Vortus Investment Advisors of Fort Worth, Texas.
Bayswater is a Denver-based oil and gas development company focused in the DJ Basin Codell-Niobrara play and the Permian Basin.
The Shearman & Sterling team included partners Sarah McLean (AT-PE), Todd Lowther (HO-TX) and associates Andrew Heather (HO-PE), Ira Aghai (DC-TX) and Rali Tiu (HO-PE).