Kirkland Advises Castleton on $245M Purchase of Terryville Upstream Assets

Kirkland & Ellis counseled Castleton Resources LLC on its definitive agreement to acquire the Terryville upstream assets in Northern Louisiana from subsidiaries of Range Resources Corporation for $245 million plus contingent payments that are a function of commodity prices. Under the terms of the agreement, Range will retain certain midstream commitments through their remaining term.

Read the press release from Castleton

The Kirkland team was led by transactional partner Chad Smith and associates William Eiland and Isaac Bate with assistance from transactional partner Adam Larson and associate Abbey Zuech; tax partner Lane Morgan and associate Ryan Phelps; environmental transactions partner Jonathan Kidwell and associate Ty’Meka Reeves-Sobers; derivatives partner Drue Santora; antitrust partner Ellen Jakovic; international trade and national security associate Luci Hague; litigation associate Christian Menefee; labor and employment partner Madeline Klebanov; and employee benefits partner Melissa Grim.