Patrick J. Lingwall
Associate
Transactional
Overview
Patrick Lingwall is a corporate associate in the Houston office of Kirkland & Ellis LLP. His practice focuses on acquisitions, divestitures, joint venture formation and other commercial matters for companies operating and investing in the upstream and midstream energy sector.
Experience
Representative Matters
Since joining Kirkland, Patrick’s representative transactions have included:
- Mach Natural Resources (NYSE: MNR) in its $500 million acquisition of certain oil and gas assets in the Permian Basin from Sabinal Energy
- TG Natural Resources LLC in its acquisition of East Texas gas assets of Chevron U.S.A. Inc. for aggregate consideration of $525 million, consisting of $75 million paid in cash and $450 million as a capital carry to fund Haynesville development
- Northern Oil and Gas, Inc. (NYSE: NOG) in the formation of a $160 million drilling partnership with an undisclosed Appalachia operator
- Crescent Energy Company (NYSE: CRGY) in its $905 million acquisition of Central Eagle Ford assets from Ridgemar Energy
- Apollo in its investment in bp Pipelines TAP, a subsidiary of bp (NYSE: BP) that holds a 20% share in Trans Adriatic Pipeline AG, in a transaction valued at $1 billion
- ONEOK, Inc. (NYSE: OKE) in its $3.3 billion acquisition of Global Infrastructure Partners’ entire interest in EnLink Midstream, LLC (NYSE: ENLC)
- ONEOK, Inc. (NYSE: OKE) in its $2.6 billion acquisition of Global Infrastructure Partners’ equity interests in Medallion Midstream, LLC
- Private equity-backed oil and gas company in its approximately $465 million acquisition of U.S. onshore assets from a private seller
- TG Natural Resources LLC in its $2.7 billion acquisition of Rockcliff Energy II LLC, an upstream natural gas company focused on the East Texas Haynesville shale
- The Carlyle Group in its acquisition of a controlling interest in a marine terminal joint venture
- Private equity-backed oil and gas company in its $508.3 million divestiture of its assets to Lime Rock Resources
- Pickering Energy Partners in its partnership with a private operator in the Midland Basin
- Guidon Operating LLC in its divestiture of all leasehold interests and related assets to Diamondback Energy, Inc. (NASDAQ: FANG) for 10.63 million shares of Diamondback common stock and $375 million
- FourPoint Energy LLC in its merger with Maverick Natural Resources to create Unbridled Resources LLC
- Arena Energy, L.P., which filed a prepackaged Chapter 11 case in the U.S. Bankruptcy Court for the Southern District of Texas to pursue a sale of its assets as a going-concern. The sale — which is supported by Arena’s first-lien revolving lenders and second-lien term lenders — will restructure more than $1 billion in funded indebtedness and address over $500 million of plugging and abandonment liabilities
- Private equity fund in the dissolution of a joint venture developing oil & gas prospects in deep water Gulf of Mexico and the contemporaneous transfer of its assets to certain affiliates
- Raisa Energy LLC in a first of its kind transaction involving Raisa’s issuance of asset-backed securities secured by producing oil and gas wells
- Parsley Energy, Inc. (NYSE: PE) in its $2.27 billion all-stock acquisition of Jagged Peak Energy Inc. (NYSE: JAG)
- Riviera Resources, Inc. in its $295 million sale of oil and gas assets and gas processing facilities in the Hugoton Gas Field in Kansas
- Vanguard Natural Resources Inc. and its affiliates in their Chapter 11 cases in the U.S. Bankruptcy Court of the Southern District of Texas
- Callon Petroleum Company in its $3.2 billion acquisition of Carrizo Oil & Gas, Inc. in an all-stock transaction
- LLOG Bluewater Holdings, LLC in its $1.4 billion sale of Gulf of Mexico assets to Murphy Oil Corp.
- Salt Creek Midstream, LLC in its 50/50 joint venture with Noble Midstream Partners LP to provide crude oil gathering and transportation services in the Delaware Basin
- Newfield Exploration Co. in its approximately $5.5 billion acquisition by Encana Corp. in an all-stock transaction
Prior to joining Kirkland, Patrick’s representative transactions included:
- CSW Industrials in its acquisitions of (i) 100% of the equity interests in a closely-held manufacturing corporation and (ii) a product line and substantially all remaining assets of a privately-held consumer products distributor
- Integrity Marketing Group in a series of acquisitions of the equity interests in various regional health insurance brokerage and wealth management firms
- Montrose Resources LLC and certain of its affiliates in their corporate reorganization and the simultaneous restructuring of a first-lien note and second-lien credit facility secured against their assets
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Credentials
Admissions & Qualifications
- 2011Texas
Education
- University of Texas at Austin School of LawJ.D.2011
- University of Texas at AustinB.A., History2007
News &
Insights
Kirkland Advises Mach Natural Resources on Agreement to Acquire Oil and Gas Assets from Sabinal Energy