Kirkland Counsels Bison on Purchase of Gulfport Energy’s Water Infrastructure
Kirkland & Ellis represented Bison, Oklahoma's largest water infrastructure, logistics and solutions provider, on its decision to acquire Gulfport Energy Corporation's (NASDAQ: GPOR) water infrastructure in the SCOOP for an upfront payment and other contingent consideration based on the timing, pace and magnitude of Gulfport's future development program and water production levels. Simultaneously, the parties entered into 15-year agreements whereby Bison will exclusively manage all of Gulfport's water gathering, recycling, storage, reuse, disposal, transportation, logistics and sourcing within a dedicated area across Grady, Garvin and Stephens counties Oklahoma.
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The Kirkland team was led by transactional partner Chad Smith and associates Will Eiland and Isaac Bate; and included tax partner Mark Dundon and associate Joe Tobias; and environmental transactions partner Jon Kidwell and associate Devi Chandrasekaran.
