Kirkland Advises QL Capital Partners in Formation of Drilling Partnership with Antero
Kirkland & Ellis advised QL Capital Partners, an affiliate of Quantum Energy Partners, in the formation of a $500 to $550 million drilling partnership with Antero. Under the terms of the agreement, QL will fund 20% of total development capital spending in 2021 and between 15% and 20% of total development capital spending on an annual basis from 2022 through 2024 in exchange for a proportionate working interest percentage in each well spud.
The Kirkland team was led by transactional partners David Castro Jr. and Chris Heasley, and associate Lindsey Jaquillard; and included corporate partner John Pitts, and associates Morgan Moore and Caleb Martin; tax partner David Wheat and associate Joe Tobias; environmental partner Paul Tanaka and associate Zack Tavlin; and debt finance partner Will Bos and associate Osaro Aifuwa.
