Press Release

Kirkland Counsels HG Energy on $400 Million Pending Sale of Gas Assets to Diversified Gas & Oil

Kirkland & Ellis advised HG Energy II Appalachia LLC, which is sponsored by Quantum, on its pending agreement to sell certain producing gas assets to Diversified Gas & Oil Corp. (AIM: DGOC) for approximately $400 million. The assets being sold to Diversified include 107 unconventional, producing gas wells with a combined net daily production of over 20,000 boe.

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The Kirkland team was led by transactional partners David Castro Jr. and Christopher Heasley and associate Morgan Moore; and included energy regulatory partner Brooksany Barrowes; environmental transactions partners Paul Tanaka and Jonathan Kidwell and associate Brett Nuttall; and tax partner Mark Dundon and associate Joe Tobias.