Kirkland Advises Guidon Operating LLC on Midland Basin Acquisition by Diamondback Energy, Inc.
Kirkland & Ellis advised Guidon Operating LLC ( “Guidon”), an oil exploration and production company, on the sale of all leasehold interests and related assets of Guidon to Diamondback Energy, Inc. (NASDAQ: FANG) (“Diamondback”) in exchange for 10.63 million shares of Diamondback common stock and $375 million of cash. Guidon’s developed and undeveloped upstream oil and gas assets and related properties total approximately 32,500 net acres in the Northern Midland Basin, primarily held by production allowing for capital efficient full field development.
Read the Diamondback press release
The Kirkland team was led by transactional partners Rhett Van Syoc, Anthony Speier, Christopher Heasley, Kyle Watson and associate Lindsey Jaquillard, with assistance from transactional associates Patrick Lingwall, Camille Walker, Maggie Hoffman, John Elkins, Sam Roberts and Hunter Richey. The team also included capital markets partners Matt Pacey and Michael Rigdon and associate Justin Bosworth; tax partner Mark Dundon and associate Joe Tobias; environmental transactions partner Paul Tanaka and associate James Dolphin; debt finance partner Andrew Veit and associates Osaro Aifuwa, Mahalia Doughty and Lauren Croft; employee benefits partner Alexandra Mihalas and associate Chris Chase; executive compensation partner Rob Fowler; labor and employment partner Peter Mee and associate Alexander Flynn-Tabloff; antitrust partner Carla Hine and M&A clearance assistant Ian Bohn.
