Kirkland Counsels Royal Resources on Acquisition of its Assets by Osprey to Create Company Valued at $894 Million

Kirkland & Ellis LLP advised Royal Resources, an entity owned by funds managed by Blackstone Energy Partners and Blackstone Capital Partners, in connection with the sale of its Eagle Ford Shale assets to Osprey Energy Acquisition Corp. (NASDAQ: OSPR, OSPRU, OSPRW), an energy-focused special purpose acquisition entity. The acquired Royal assets represent the entirety of Blackstone's mineral interests in the Eagle Ford Shale, and the transaction will create a company with a total enterprise value of approximately $894 million. The full release is here.

The Kirkland team was led by corporate partners Rhett Van Syoc and Claire James and associate David Thompson; capital markets partners Matt Pacey and Michael Rigdon; debt finance partner Andy Veit; and tax partner Mark Dundon.