Kirkland Counsels Blackstone and Guidon Energy on Two Deals: Formation of a New Platform Company and a First Asset Acquisition

Kirkland & Ellis LLP advised Guidon Energy, an oil and gas partnership headquartered in Dallas, Texas, and Blackstone Energy Partners, an affiliate of Blackstone (NYSE:BX), on their decision to form a platform company in the Midland Basin and purchase in April 2016 of approximately 22,000 gross acres (16,000 net acres) in the core of Martin County, Texas. Blackstone Energy Partners and funds affiliated with Blackstone, a leading global, alternative investment manager and energy investor, have committed approximately $500mm of capital to Guidon with the potential to commit significantly more with future acquisitions. Blackstone and Jay Still formed Guidon in 1Q 2016 with the intent of building a significant, independent shale development company focused on the Midland Basin. The full release is available here.

The Kirkland team was led by corporate partners Rhett Van Syoc, Cody Carper, Anthony Speier, Andrew Calder and William Benitez and associates Kyle Watson, Charles Nixon, Lauren Swadley and Lindsey Jaquillard; tax partners Dean Shulman, Russell Light and Zackary Pullin; and environmental transactions partner Paul Tanaka and associate Michael Saretsky.