Businessweek

Open%20Joint%20Stock%20Company%20Oil%20company%20LUKOIL%20%28MICEX%3ALKOH%29%20entered%20into%20an%20agreement%20to%20acquire%20CJSC%20Samara-Nafta%20from%20Hess%20Corporation%20%28NYSE%3AHES%29%20and%20other%20shareholders%20for%20%242.1%20billion%20on%20April%201%2C%202013.%20Hess%20Corporation%20will%20sell%2090%25%20stake.%20Closing%20of%20the%20sale%20is%20subject%20to%20the%20customary%20approval%20process%20of%20the%20Federal%20Antimonopoly%20Service%20of%20the%20Russian%20Federation.%20Ashley%20Ballard%20and%20Todd%20Carpunky%20of%20White%20%26%20Case%2C%20L.L.P.%20acted%20as%20legal%20advisor%20for%20Hess%20Corporation.%20Akin%20Gump%20Strauss%20Hauer%20Feld%20LLP%20acted%20as%20legal%20advisor%20for%20Open%20Joint%20Stock%20Company%20Oil%20company%20LUKOIL.

Open%20Joint%20Stock%20Company%20Oil%20company%20LUKOIL%20%28MICEX%3ALKOH%29%20entered%20into%20an%20agreement%20to%20acquire%20CJSC%20Samara-Nafta%20from%20Hess%20Corporation%20%28NYSE%3AHES%29%20and%20other%20shareholders%20for%20%242.1%20billion%20on%20April%201%2C%202013.%20Hess%20Corporation%20will%20sell%2090%25%20stake.%20Closing%20of%20the%20sale%20is%20subject%20to%20the%20customary%20approval%20process%20of%20the%20Federal%20Antimonopoly%20Service%20of%20the%20Russian%20Federation.%20Ashley%20Ballard%20and%20Todd%20Carpunky%20of%20White%20%26%20Case%2C%20L.L.P.%20acted%20as%20legal%20advisor%20for%20Hess%20Corporation.%20Akin%20Gump%20Strauss%20Hauer%20Feld%20LLP%20acted%20as%20legal%20advisor%20for%20Open%20Joint%20Stock%20Company%20Oil%20company%20LUKOIL.

Sanchez%20Energy%20Corporation%20%28NYSE%3ASN%29%20executed%20a%20definitive%20agreement%20to%20acquire%20assets%20in%20the%20Eagle%20Ford%20trend%20of%20south%20Texas%20from%20Hess%20Corporation%20%28NYSE%3AHES%29%20for%20approximately%20%24270%20million%20in%20cash%20on%20March%2018%2C%202013.%20The%20deal%20value%20is%20subject%20to%20customary%20adjustments.%20In%20connection%20with%20the%20acquisition%2C%20Sanchez%20has%20secured%20commitments%20for%20%24325%20million%20in%20debt%20financing.%20Although%20obtaining%20financing%20is%20not%20a%20condition%20to%20closing%2C%20it%20may%20be%20necessary%20for%20Sanchez%20to%20obtain%20additional%20financing%20to%20fund%20a%20portion%20of%20purchase%20price%20for%20the%20acquisition%20at%20closing%2C%20which%20Sanchez%20may%20not%20be%20able%20to%20satisfactorily%20obtain.%20The%20deal%20is%20subject%20to%20regulatory%20filings%20and%20other%20customary%20closing%20conditions.%20The%20acquisition%20is%20expected%20to%20close%20in%20the%20second%20quarter%20of%202013.%20%0D%0A%0D%0ARusty%20Kelley%2C%20John%20Collins%2C%20Ed%20Chiang%2C%20Vincent%20Lima%20and%20Gavin%20Kolt%20of%20Moelis%20%26%20Company%20L.P.%20acted%20as%20financial%20advisor%20to%20Sanchez.%20Latham%20%26%20Watkins%20LLP%20acted%20as%20legal%20advisor%20to%20Hess%20Corporation.%20Jefferies%20%26%20Company%2C%20Inc.%20acted%20as%20financial%20advisor%20for%20Hess%20Corporation.%20David%20P.%20Elder%20of%20Akin%20Gump%20Strauss%20Hauer%20Feld%20LLP%20acted%20as%20legal%20advisor%20to%20Sanchez.%20Katie%20Baehl%20acted%20as%20inside%20counsel%20for%20Hess.

Sanchez%20Energy%20Corporation%20%28NYSE%3ASN%29%20executed%20a%20definitive%20agreement%20to%20acquire%20assets%20in%20the%20Eagle%20Ford%20trend%20of%20south%20Texas%20from%20Hess%20Corporation%20%28NYSE%3AHES%29%20for%20approximately%20%24270%20million%20in%20cash%20on%20March%2018%2C%202013.%20The%20deal%20value%20is%20subject%20to%20customary%20adjustments.%20In%20connection%20with%20the%20acquisition%2C%20Sanchez%20has%20secured%20commitments%20for%20%24325%20million%20in%20debt%20financing.%20Although%20obtaining%20financing%20is%20not%20a%20condition%20to%20closing%2C%20it%20may%20be%20necessary%20for%20Sanchez%20to%20obtain%20additional%20financing%20to%20fund%20a%20portion%20of%20purchase%20price%20for%20the%20acquisition%20at%20closing%2C%20which%20Sanchez%20may%20not%20be%20able%20to%20satisfactorily%20obtain.%20The%20deal%20is%20subject%20to%20regulatory%20filings%20and%20other%20customary%20closing%20conditions.%20The%20acquisition%20is%20expected%20to%20close%20in%20the%20second%20quarter%20of%202013.%20%0D%0A%0D%0ARusty%20Kelley%2C%20John%20Collins%2C%20Ed%20Chiang%2C%20Vincent%20Lima%20and%20Gavin%20Kolt%20of%20Moelis%20%26%20Company%20L.P.%20acted%20as%20financial%20advisor%20to%20Sanchez.%20Latham%20%26%20Watkins%20LLP%20acted%20as%20legal%20advisor%20to%20Hess%20Corporation.%20Jefferies%20%26%20Company%2C%20Inc.%20acted%20as%20financial%20advisor%20for%20Hess%20Corporation.%20David%20P.%20Elder%20of%20Akin%20Gump%20Strauss%20Hauer%20Feld%20LLP%20acted%20as%20legal%20advisor%20to%20Sanchez.%20Katie%20Baehl%20acted%20as%20inside%20counsel%20for%20Hess.

The%20Board%20of%20Directors%20of%20Hess%20Corporation%20%28NYSE%3AHES%29%20authorized%20a%20share%20repurchase%20program%20on%20March%204%2C%202013.%20Under%20the%20program%2C%20the%20company%20will%20repurchase%20up%20to%20%244%20billion%20of%20its%20common%20stock.%20The%20amount%20and%20the%20timing%20of%20the%20repurchase%20is%20subject%20to%20the%20proceeds%20to%20be%20received%20from%20the%20company%u2019s%20asset%20sale%20program.