Cox Smith Represents TXCO Resources in
Bankruptcy Sale of Assets
February 12, 2010 08:52 AM Eastern Time
SAN ANTONIO--(EON: Enhanced Online News)--Cox Smith Matthews Incorporated (“Cox Smith”)
represented TXCO Resources Inc. (“TXCO”), a San Antonio-based oil and natural gas exploration and
development company, in the February 11, 2010 sale of TXCO’s assets in the Maverick Basin of Southwest Texas
to Newfield Exploration Co. (“Newfield”) and Anadarko Petroleum Company (“Anadarko”).
The $310 million acquisition of substantially all of the assets of TXCO was completed pursuant to an Order of the
United States Bankruptcy Court for the Western District of Texas. The head of Cox Smith’s bankruptcy
department, Deborah D. Williamson, led the Cox Smith legal team, which was comprised of shareholders and
associates from across the firm’s bankruptcy, litigation, corporate, energy and tax practice areas. Cox Smith
shareholders Patrick Huffstickler, Tom Rice, Will Liebmann, Tobin Olson, Matt Parkin, Jon Ray, David Roth, Marty
Truss and associates Meghan Bishop, Matthew Duke, and Katherine Patton were key members of the team.
Newfield was represented by Haynes and Boone LLP and Anadarko was represented by Weil Gotshal & Manges
LLP. Charles A. Beckham Jr. led the Haynes and Boone team with partners Buddy Clark, Brad Richards, Ken
Bezozo, Kendyl Hanks, Marty Brimmage, Eric Terry and associates Chris Castillo, Stephen Manz and Abi Ottmers.
The Weil team primarily consisted of Lydia Protopapas, Brenda Funk, Mike Saslaw, Aaron Rigby, Paul Asofsky,
Ralph Miller and Margaret Allen.
FTI Consulting, Inc. (“FTI”) was the financial advisor to TXCO, led by Albert S. “Bert” Conly and assisted by
Lawrence Manning and Clark Ansel. Cox Smith and FTI began to assist TXCO’s management in negotiations with
lenders beginning in March 2009. Once a commitment for post-petition financing was obtained in an amount
sufficient to avoid the need for immediate liquidation, Chapter 11 was filed on May 17, 2009. Cox Smith an